THE FUND FOR THE WATER WORKS (EIN 911882472) - 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

1988

Legal Domicile

Principal Officer

PAUL STEINKE

Phone

2156850719

Tax Period

2023-01-01 to 2023-12-31

THE FUND FOR THE WATER WORKS, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $614K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $268K, a strong 44% operating margin.

Mission

THE FUND RAISES MONEY FOR THE PRESERVATION, MAINTENANCE, AND RESTORATION OF THE WATER WORKS HISTORIC STRUCTURES; THOUGHT PROVOKING EXHIBITS AND EDUCATIONAL PROGRAMMING BOTH INSIDE BUILDINGS AND ACROSS THE SITE.

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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 $614,352

Program Service Revenue $0

Investment Income $40

Other Revenue $0

TOTAL REVENUE $614,392

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $332,906

Other Expenses $346,373

TOTAL EXPENSES $346,373

Year-over-Year Comparison

	2023	2022	Change
Revenue	$614,392	$496,728	+0.2%
Expenses	$346,373	$568,148	-0.4%
Net Income	$268,019	$-71,420	-4.8%

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

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
WILLIAM MARRAZZO	PRESIDENT	2.00	Officer Director	$0	$0	$0
WILLIAM AGATE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MARILYN SPRAGUE	SECRETARY	2.00	Officer Director	$0	$0	$0
PAUL STEINKE	TREASURER	2.00	Officer Director	$0	$0	$0
ARONTE BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE BROWN	DIRECTOR	1.00	Director	$0	$0	$0
NANCY W CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
CAROL COLLIER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CHOATE	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE DAHME	DIRECTOR	1.00	Director	$0	$0	$0
MIKE DIBERARDINIS	DIRECTOR (until July23)	1.00	Director	$0	$0	$0
CLAUDINE FRITZ	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GIORDANO	DIRECTOR	1.00	Director	$0	$0	$0
HARSHA JASTI	DIRECTOR	1.00	Director	$0	$0	$0
ANNALISA MASTRI	DIRECTOR	1.00	Director	$0	$0	$0
FRANCO MONTALTO	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD NEUKRUG	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY WALKING STICK RILEY	DIRECTOR	1.00	Director	$0	$0	$0
JANE SAGENDORPH	DIRECTOR	1.00	Director	$0	$0	$0
BARRY SEYMOUR	DIRECTOR	1.00	Director	$0	$0	$0
FRANK SIGNORELLO	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND SMERIGLIO	DIRECTOR (until Oct23)	1.00	Director	$0	$0	$0
MONIQUE C ST JOHN	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE ALLEN WHITE	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$614,392	$346,373	$766,864	$268,019
2022	$496,728	$568,148	$499,090	$-71,420
2021	$1,035,273	$1,095,865	$570,510	$-60,592
2020	$919,935	$559,323	$631,102	$360,612

THE FUND FOR THE WATER WORKS