NEW PROVIDENCE WATER ASSOCIATION (EIN 640537446) - 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

1972

Legal Domicile

Principal Officer

Foch Dickens

Phone

6015072607

Tax Period

2023-01-01 to 2023-12-31

NEW PROVIDENCE WATER ASSOCIATION, founded in 1972, is a small nonprofit in the Public & Societal Benefit sector that reported $346K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $58K, a strong 17% operating margin.

Mission

Rural Water Association

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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 $67,750

Program Service Revenue $267,335

Investment Income $10,043

Other Revenue $670

TOTAL REVENUE $345,798

Expense Breakdown

Grants Paid $67,750

Salaries & Benefits $50,811

Fundraising Expenses $0

Other Expenses $168,938

TOTAL EXPENSES $287,499

Year-over-Year Comparison

	2023	2022	Change
Revenue	$345,798	$238,577	+0.4%
Expenses	$287,499	$262,173	+0.1%
Net Income	$58,299	$-23,596	-3.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Foch Dickens	President	2.00	Officer	$0	$0	$0
Fatie Horn	Director	2.00	Director	$0	$0	$0
Nancy Cook	Secretary	2.00	Officer	$0	$0	$0
Thomas Griffin	Vice President	2.00	Officer	$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	No data	No data	No data	No data
2023	$345,798	$287,499	$675,812	$58,299
2022	$238,577	$262,173	$857,138	$-23,596
2021	$220,689	$273,992	$880,856	$-53,303
2020	$251,783	$254,638	$938,983	$-2,855
2019	$255,218	$254,838	$931,144	$380
2018	$263,832	$273,739	$880,105	$-9,907

NEW PROVIDENCE WATER ASSOCIATION