NEW WATER STREET CORP (EIN 510292269) - 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

1986

Legal Domicile

Principal Officer

TIM SALVEMINI

Phone

2127479120

Tax Period

2025-01-01 to 2025-12-31

NEW WATER STREET CORP, founded in 1986, is a major nonprofit that reported $221.5M in total revenue in fiscal year 2025. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $96.2M, a strong 43% operating margin.

Mission

THE ORGANIZATION OWNS AND LEASES AN OFFICE BUILDING. THE NET PROFITS ARE DISTRIBUTED FOR THE BENEFIT OF A QUALIFIED PENSION FUND FOR EMPLOYEES OF STATE OF ALABAMA.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $218,033,535

Investment Income $3,455,678

Other Revenue $0

TOTAL REVENUE $221,489,213

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,247,388

Fundraising Expenses $0

Other Expenses $117,074,986

TOTAL EXPENSES $125,322,374

Year-over-Year Comparison

	2025	2024	Change
Revenue	$221,489,213	$180,525,641	+0.2%
Expenses	$125,322,374	$125,071,918	+0.0%
Net Income	$96,166,839	$55,453,723	+0.7%

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

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

$1,873,188

Total Directors

$749,063

Key Employees

$214,415

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
R MARC GREEN	DIRECTOR	5.00	Director	$0	$0	$0
BRUCE W HODGES SR	DIRECTOR	5.00	Director	$0	$0	$0
GEORGE PHILIP	DIRECTOR	5.00	Director	$0	$0	$0
DR DAVID BRONNER	PRESIDENT & CHAIRMAN	5.00	Officer Director	$0	$0	$749,063
TIMOTHY SALVEMINI	CHIEF FINANCIAL OFFICER	40.00	Officer	$352,960	$49,551	$402,511
DANIEL PALINO	EXECUTIVE VICE-PRESIDENT,	40.00	Officer	$432,151	$40,608	$472,759
SCOTT BRIDGWOOD	VICE-PRESIDENT OF OPERATIO	40.00	Officer	$237,868	$10,987	$248,855
DENNIS GOMEZ	CHIEF ENGINEER	40.00	Key Emp	$214,415	$0	$214,415
ERIC GATCHALIAN	SR PROJECT MANAGER II	40.00	Highest	$207,678	$33,953	$241,631
FRANK GRADY	SR PROJECT MANAGER I	40.00	Highest	$203,503	$21,974	$225,477
RICHARD NEAL	CONTROLLER	40.00	Highest	$206,373	$20,711	$227,084
WILLIAM PAOLINI	VICE PRESIDENT OF CONSTRUC	40.00	Highest	$229,950	$34,664	$264,614
SEAN EVANS	CONTROLLER	40.00	Highest	$195,439	$0	$195,439
THOMAS MILNE	DIRECTOR	5.00	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	$221,489,213	$125,322,374	$803,713,863	$96,166,839
2024	No data	No data	No data	No data
2023	$184,410,475	$124,575,885	$805,937,141	$59,834,590
2022	$174,105,576	$119,205,089	$813,065,701	$54,900,487
2021	$168,631,992	$116,563,543	$813,800,441	$52,068,449
2020	$160,727,328	$120,619,562	$836,439,867	$40,107,766
2019	$159,557,162	$116,095,343	$819,779,299	$43,461,819
2018	$148,577,471	$113,711,848	$769,681,414	$34,865,623

NEW WATER STREET CORP