TR Aqua Via Corp C/O Barings LLC (EIN 453717665) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

ELENA WALSH

Phone

7048057200

Tax Period

2023-07-01 to 2024-06-30

TR Aqua Via Corp C/O Barings LLC, founded in 2011, is a mid-sized nonprofit in the Community Improvement sector that reported $29.6M in total revenue in fiscal year 2023. Revenue surged 4135% from the prior year, signaling strong growth momentum. The organization ran a surplus of $28.4M, a strong 96% operating margin.

Mission

TO OPERATE AS A TITLE HOLDING CORPORATION WITHIN IN THE MEANING OF SECTION 501(C)(25) & HOLD TITLE

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $28,199,317

Program Service Revenue $0

Investment Income $0

Other Revenue $1,390,103

TOTAL REVENUE $29,589,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $86,881

TOTAL EXPENSES $1,193,536

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,589,420	$698,639	+41.4%
Expenses	$1,193,536	$43,665	+26.3%
Net Income	$28,395,884	$654,974	+42.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARINGS LLC	NON-MEMBER MANAGER	1.0		$86,881	$0	$5,120,657
Elena Walsh	DIRECTOR	1.5	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$29,589,420	$1,193,536	$35,456,791	$28,395,884
2023	$698,639	$43,665	$44,674,143	$654,974
2022	$732,307	$46,907	$57,854,755	$685,400
2021	$219,851	$14,879	$57,850,353	$204,972
2020	$1,233,874	$77,117	$60,455,054	$1,156,757
2019	$1,805,224	$112,827	$62,532,454	$1,692,397

TR Aqua Via Corp C/O Barings LLC