FREMONT WATER WORKS COMPANY INC

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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

2018

Legal Domicile

Principal Officer

RICHARD FILLMORE

Phone

4357492110

Tax Period

2023-11-01 to 2024-10-31

FREMONT WATER WORKS COMPANY INC, founded in 2018, is a small nonprofit that reported $146K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $22K, a strong 15% operating margin.

Mission

TO PROVIDE CULINARY WATER DISTRIBUTION TO THE HOUSEHOLDS IN THE FREMONT AREA.

Program Service Accomplishments

Program 1

Expenses: $111,627

THE COMPANY MAINTAINED THE PIPELINES AND ENSURED THAT THE WATER DELIVERED WAS CLEAN AND SAFE FOR HUMAN CONSUMPTION. THE COMPANY PROVIDED CULINARY WATER TO APPROXIMATELY 250 HOUSEHOLDS.

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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 $10,000

Program Service Revenue $136,375

Investment Income $30

Other Revenue $0

TOTAL REVENUE $146,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,810

Fundraising Expenses $0

Program Expenses $111,627

Other Expenses $114,237

TOTAL EXPENSES $124,047

Year-over-Year Comparison

	2023	2022	Change
Revenue	$146,405	$259,732	-0.4%
Expenses	$124,047	$113,000	+0.1%
Net Income	$22,358	$146,732	-0.8%

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

$9,810

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD FILLMORE	PRESIDENT	0.50	Officer Director	$0	$0	$0
ROSS FILLMORE	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
CHRIS HARKER	BOARD MEMBER	0.50	Director	$0	$0	$0
DOUG OYLER	BOARD MEMBER	0.50	Director	$0	$0	$0
ALAN GRUNDY	BOARD MEMBER	0.50	Director	$0	$0	$0
KAITLIN TAYLOR	SECRETARY	8.00	Officer	$9,810	$0	$9,810

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	$146,405	$124,047	$509,589	$22,358
2023	$259,732	$113,000	$504,375	$146,732
2022	$86,865	$90,903	$404,248	$-4,038
2021	$132,503	$108,630	$445,192	$23,873
2020	$101,299	$97,528	$465,527	$3,771