Morristown Corners Water Corporation
Nonprofit profile at a glance
- EIN
- 223475687
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2021
- Location
- Morrisville, VT, USA
- Phone
- 8028881454
- Rating
- 46
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Local Benevolent Life Insurance Associations
Reported finances
- Revenue
- $137,426
- Expenses
- $117,682
- Assets
- $43,421
- Liabilities
- $119,716
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- MICHAEL RAPOPORT (PRESIDENT)
- MARK DESROCHER (VICE PRESIDENT)
People named in this filing
- MICHAEL RAPOPORT (PRESIDENT)
- MARK DESROCHER (VICE PRESIDENT)
- AARON HINES (TECHNICIAN)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide potable water to community
What it reported doing in 2024
Providing potable water to 55-60 community memebers
Operating model
- Revenue model
- Donor-supported. 77% of the money available for current operations came from contributions and gifts.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 1
- Transparency & Controls: 100
- Sustainability: 42
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0.5%; rating input score 1
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 14.4%; rating input score 66; 66th percentile among comparable filings
- Total-asset coverage ratio: 0.37; rating input score 30; 30th percentile among comparable filings
- Liabilities to assets ratio: 2.76; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 12.8%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 67.8% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: 54% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 0.5% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 1/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- High — Sustainability: Officer compensation ratio scored 19/100.