Maryland Delaware Water Well Assn (EIN 520848681) - 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

1956

Legal Domicile

Principal Officer

Michael Isom

Phone

4106880261

Tax Period

2024-01-01 to 2024-12-31

Maryland Delaware Water Well Assn, founded in 1956, is a small nonprofit that reported $116K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $105K left a modest 10% surplus.

Mission

The prime purpose of the association is to upgrade the industry and to secure protection for the customer Primary activity includes exchange of ideas and technology related to the water well industry at annual convention(300 attendees), monthly meeting and other special events.

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,335

Program Service Revenue $96,062

Investment Income $9,807

Other Revenue $919

TOTAL REVENUE $116,123

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $16,899

Fundraising Expenses $0

Other Expenses $84,035

TOTAL EXPENSES $104,934

Year-over-Year Comparison

	2024	2023	Change
Revenue	$116,123	$104,790	+0.1%
Expenses	$104,934	$106,368	0.0%
Net Income	$11,189	$-1,578	-8.1%

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

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

$15,600

Total Directors

$15,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris Blanchet	President	4.00	Officer Director	$0	$0	$0
Lisa Blanchet	Secretary	10.00	Officer Director	$12,000	$0	$12,000
Benjamin Wood	Vice President Eastern Shore	2.00	Officer Director	$0	$0	$0
Michael Isom	Treasurer	4.00	Officer Director	$3,600	$0	$3,600
Michael Daisey	Vice President Delaware	2.00	Officer Director	$0	$0	$0
Jason Kwiatkowski	Vice President So. MD.	2.00	Officer Director	$0	$0	$0
Trent Pierce	Board Member	2.00	Director	$0	$0	$0
Michael Barlow	Vice President Cent. MD	2.00	Officer 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
2024	$116,123	$104,934	$239,373	$11,189
2023	$104,790	$106,368	$222,346	$-1,578
2022	$59,539	$78,093	$206,944	$-18,554
2021	$63,076	$24,140	$225,542	$38,936
2020	$84,249	$89,444	$200,189	$-5,195
2019	$137,328	$118,798	$202,944	$18,530
2018	$104,242	$105,459	$163,435	$-1,217

Maryland Delaware Water Well Assn