Connecticut Water Veba
Nonprofit profile at a glance
- EIN
- 223029734
- IRS 990 coverage
- 2019–2025
- Forms available
- Form 990 2025
- Location
- Dallas, TX, USA
- Phone
- 8888663275
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,783,564
- Expenses
- $446,073
- Assets
- $10,068,009
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
1 person listed
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Medical and dental coverage provided for active and retired employees and their respective dependents.
Operating model
- Revenue model
- Investment-supported. 68% of the money available for current operations came from recurring investment income.
- Distribution model
- Member-benefit provider. The nonprofit used 100% of its reported program spending for member benefits.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 41
- Transparency & Controls: 90
- Accountability: 24
- Sustainability: 91
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 39.6%; rating input score 40
- Program expense ratio: 57.1%; rating input score 57
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: Limited
- Governance controls: 4 of 9 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Limited
- Other executive compensation review process: Limited
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 75%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 22.57; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 88; 88th percentile among comparable filings
- Officer compensation ratio: 0.4%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: -12.8% per year; rating input score 0; 4th percentile among comparable filings
- Revenue growth: 5.8% per year; rating input score 100; 42nd percentile among comparable filings
- Asset growth: 5% per year; rating input score 100; 36th percentile among comparable filings
Details
- Where the money goes: 39.6% of revenue deployed · 57.1% of spending went to programs
- Governance: 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $255K in reported program spending
- Leadership: top reported pay $2K · 1 people listed
- Consistency: 11 of 11 current checks pass
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2019 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 40/100.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- Review — Financial Efficiency: Program expense ratio scored 57/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.