NEW AVENUE MUTUAL WATER COMPANY (EIN 942806216) - 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

1977

Legal Domicile

Principal Officer

MIKE DI PIETRO

Phone

4083915094

Tax Period

2024-03-01 to 2025-02-28

NEW AVENUE MUTUAL WATER COMPANY, founded in 1977, is a small nonprofit that reported $436K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

PROVIDE SAFE DRINKING WATER TO MEMBERS

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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 $436,307

Program Service Revenue $0

Investment Income $12

Other Revenue $0

TOTAL REVENUE $436,319

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,600

Fundraising Expenses $0

Other Expenses $431,091

TOTAL EXPENSES $443,691

Year-over-Year Comparison

	2024	2023	Change
Revenue	$436,319	$357,077	+0.2%
Expenses	$443,691	$369,947	+0.2%
Net Income	$-7,372	$-12,870	-0.4%

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

N/A

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

$9,000

Total Directors

$3,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONY BOWDEN	Director	10.00	Director	$1,800	$0	$1,800
MIKE DI PIETRO	President	10.00	Officer	$1,800	$0	$1,800
CODY UHL	Chairman	10.00	Officer	$1,800	$0	$1,800
JAMES ARMSTRONG	Treasurer	10.00	Officer	$1,800	$0	$1,800
ALAN HEINZEN	MAINTENANCE	10.00	Officer	$1,800	$0	$1,800
JOSEPH CARDINALLI	Secretary	10.00	Officer	$1,800	$0	$1,800
ROBERT GUTIERREZ	Director	2.00	Director	$1,050	$0	$1,050
JAE SCHWARTZ	Director	10.00	Director	$750	$0	$750

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	$436,319	$443,691	$497,310	$-7,372
2024	$357,077	$369,947	$504,682	$-12,870
2023	$228,046	$345,148	$514,506	$-117,102
2022	$234,876	$127,265	$632,226	$107,611
2021	$257,042	$213,092	$530,828	$43,950

NEW AVENUE MUTUAL WATER COMPANY