FIRST MACE MEADOW WATER ASSOCIATION

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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

1963

Legal Domicile

Phone

2092963121

Tax Period

2024-07-01 to 2025-06-30

FIRST MACE MEADOW WATER ASSOCIATION, founded in 1963, is a small nonprofit that reported $454K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $521K exceeded revenue, resulting in a 15% operating deficit.

Mission

PROVIDE QUALITY WATER DISTRIBUTION AND SERVICE TO 412 PARCELS, WITH PROMISE TO SERVE 88 STANDBY LOTS.

Program Service Accomplishments

Program 1

PROVIDE QUALITY WATER DISTRIBUTION AND SERVICE TO 412 PARCELS, WITH PROMISE TO SERVE 88 STANDBY LOTS

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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 $0

Program Service Revenue $420,602

Investment Income $16,301

Other Revenue $17,538

TOTAL REVENUE $454,441

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,178

Fundraising Expenses $0

Other Expenses $413,000

TOTAL EXPENSES $521,178

Year-over-Year Comparison

	2024	2023	Change
Revenue	$454,441	$596,904	-0.2%
Expenses	$521,178	$412,705	+0.3%
Net Income	$-66,737	$184,199	-1.4%

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
JEFFREY BROWN	PRESIDENT	10.00	Director	$0	$0	$0
DEBBIE MILLER	TREASURER	5.00	Director	$0	$0	$0
RENEE BROWN	VICE PRESIDENT	5.00	Director	$0	$0	$0
TERESA RUSSO	VICE PRESIDENT	5.00	Director	$0	$0	$0
CINDY FONDALE	SECRETARY	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	$454,441	$521,178	$966,664	$-66,737
2024	$596,904	$412,705	$1,017,482	$184,199
2023	$422,590	$336,264	$827,334	$86,326
2022	$329,244	$296,459	$723,469	$32,785
2021	$330,635	$283,837	$688,171	$46,798
2020	$327,806	$256,682	$649,294	$71,124
2019	$298,264	$255,635	$581,169	$42,629