Civic Intelligence

Waterford Springs Corporation

EIN 03-0264149 • 501(c)7 • Waterford, VT

Profile

The Organizations primary mission is to assist community members and maintain quality of life in the Waterford Springs planned community.

43 Birch Tree LaneWaterford, VT 05819
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

0.04x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

72nd percentile

0.03x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2023

Net Margin

55th percentile

4.2%

Higher net margin than 55% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2023

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)7 • <$500k nonprofits • Source year 2023

Asset Growth

29th percentile

-10%

Faster asset growth than 29% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

69th percentile

12%

Faster revenue growth than 69% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$162,886

Down $18,400 (-10%) from 2022

Liabilities

Down

$5,746

Down $3,558 (-38%) from 2022

Net Assets

Down

$157,140

Down $14,842 (-8.6%) from 2022

Operations
Liabilities / Revenue72nd percentileNet Margin55th percentile

Revenue

Up

$170,523

Up $18,740 (+12%) from 2022

Expenses

Up

$163,423

Up $20,033 (+14%) from 2022

Net Income

Down

$7,100

Down $1,293 (-15%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth29th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2011: $129,025Liabilities 2011: $11,589Net Assets 2011: $117,4362011Assets 2012: $168,362Liabilities 2012: $30,016Net Assets 2012: $138,3462012Assets 2013: $174,602Liabilities 2013: $17,694Net Assets 2013: $156,9082013Assets 2014: $128,951Liabilities 2014: $22,517Net Assets 2014: $106,4342014Assets 2015: $126,374Liabilities 2015: $23,606Net Assets 2015: $102,7682015Assets 2016: $182,890Liabilities 2016: $41,679Net Assets 2016: $141,2112016Assets 2017: $304,944Liabilities 2017: $138,259Net Assets 2017: $166,6852017Assets 2019: $168,974Liabilities 2019: $41,342Net Assets 2019: $127,6322019Assets 2022: $181,286Liabilities 2022: $9,304Net Assets 2022: $171,9822022Assets 2023: $162,886Liabilities 2023: $5,746Net Assets 2023: $157,1402023

Highlighted filing

2023

Assets$162,886
Liabilities$5,746
Net Assets$157,140
Open 2023 Filing

Operations Trend

Revenue Growth69th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2011: $78,413Expenses 2011: $72,079Net Income 2011: $6,3342011Expenses 2012: $75,9342012Revenue 2013: $100,337Expenses 2013: $81,775Net Income 2013: $18,5622013Revenue 2014: $77,338Expenses 2014: $127,812Net Income 2014: -$50,4742014Revenue 2015: $89,578Expenses 2015: $93,419Net Income 2015: -$3,8412015Revenue 2016: $143,844Expenses 2016: $105,401Net Income 2016: $38,4432016Revenue 2017: $88,633Expenses 2017: $109,138Net Income 2017: -$20,5052017Revenue 2019: $161,388Expenses 2019: $151,178Net Income 2019: $10,2102019Revenue 2022: $151,783Expenses 2022: $143,390Net Income 2022: $8,3932022Revenue 2023: $170,523Expenses 2023: $163,423Net Income 2023: $7,1002023

Highlighted filing

2023

Revenue$170,523
Expenses$163,423
Net Income$7,100
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$162,886
Liabilities
$5,746
Net assets
$157,140
Revenue
$170,523
Expenses
$163,423
Net income
$7,100
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.63$0.06$1.57$1.71$1.63$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.81$0.09$1.72$1.52$1.43$0.08
2019Summary only. Only limited summary data is available for this year.$1.69$0.41$1.28$1.61$1.51$0.10
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.05$1.38$1.67$0.89$1.09$0.21
2016Detailed filing. Detailed filing data is available for this year.$1.83$0.42$1.41$1.44$1.05$0.38
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.26$0.24$1.03$0.90$0.93$0.04
2014Summary only. Only limited summary data is available for this year.$1.29$0.23$1.06$0.77$1.28$0.50
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.75$0.18$1.57$1.00$0.82$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.30$1.38$0.76
2011Summary only. Only limited summary data is available for this year.$1.29$0.12$1.17$0.78$0.72$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 18, 2024
Return Version
2022v5.0
Gross Receipts
$170,523
Mission and Program Overview

Mission

The Organizations primary mission is to assist community members and maintain quality of life in the Waterford Springs planned community.

The Company is a Common Interest Realty Association that provides a safe community and recreation activities for its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$171,982$157,140▼ $14,842
Land, Buildings, and Equipment, Net$115,377$114,009▼ $1,368
Cash and Non-Interest-Bearing Accounts$65,909$48,877▼ $17,032
Total Assets$181,286$162,886▼ $18,400
Liabilities
Accounts Payable and Accrued Expenses$9,304$4,901▼ $4,403
Deferred Revenue-$845-
Total Liabilities$9,304$5,746▼ $3,558
Net Assets / Fund Balance
Total Net Assets Fund Balance$171,982$157,140▼ $14,842
Total Liabilities and Net Assets / Fund Balance$181,286$162,886▼ $18,400

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$23,879$243,170$267,049
Land$90,000-$90,000
Equipment$130$81,807$81,937
Other Land Buildings-$20,293$20,293
Leasehold Improvements-$2,588$2,588
Compensation and Service Providers
Top Officer Pay94th percentile

Board Members and Trustees

NameTitle
Alex FowlerPresident
James MeigsPresident
Justin NobleExecutive Vice President
Bob WhittakerTrustee
Diane MayTrustee
Elizabeth BrownTrustee
Joe InskeepTrustee
John BuckleyTrustee
Sarah MorrisTrustee
Timothy YarrowClerk
Matti PylkkanenController
Kayla BatemanSecretary
Douglas BorchardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$136,168
Investment Income
$0
Other Revenue
$34,355
Change in Net Assets
$7,100
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$109,073
Salaries, Compensation, and Employee Benefits$54,350
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$36,060--$36,060
Other Expenses$21,224--$21,224
All Other Expenses$16,516--$16,516
Fees for Services Accounting$15,767--$15,767
Payroll Taxes$13,953--$13,953
Insurance$9,855--$9,855
Office Expenses$5,770--$5,770
Other Employee Benefits$4,337--$4,337
Depreciation Depletion$1,368--$1,368
Total Functional Expenses$163,423$0$0$163,423
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Due to Wssc-
Liabilities-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section C, Line 19

“The Organization makes it governing documents, conflict of interest policy and financial statements available to the public at the Organizations office and upon request.”

Form 990, Part VI, Section B, Line 12

“The Organizations Board meets reguarly and reviews all contracts.”

Filing and Contact Details

Filer

Filer Name
Waterford Springs Corporation
EIN
03-0264149
Address
43 Birch Tree Lane, Waterford, VT 05819

Signing Officer

Name
Douglas Bourchard
Title
Treasurer
Signed
2024-01-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Douglas Bourchard
Formed
1994
Legal Domicile
Vt
Voting Board Members
12
Independent Board Members
12
Employees
1

Preparer

Firm
Corrette and Associates PC
Address
P O Box 4039, St Johnsbury, VT 05819
Preparer
Randall D Northrop
Phone
8027484858
Raw XML AppendixShowing 400 of 401 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PayrollTaxesGrp/TotalAmt013953
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliciesReferenceChaptersInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Douglas Bourchard
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IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt04033
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IRS990/PYOtherExpensesAmt097303
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IRS990/ReconcilationRevenueExpnssAmt07100
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0243170
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0267049
IRS990ScheduleD/EquipmentGrp/BookValueAmt0130
IRS990ScheduleD/EquipmentGrp/DepreciationAmt081807
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt081937
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt090000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt090000
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02588
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02588
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt020293
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt020293
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO WSSC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Liabilities
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0114009
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IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization makes it governing documents, conflict of interest policy and financial statements available to the public at the Organizations office and upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organizations Board meets reguarly and reviews all contracts.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12
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IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0163423
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IRS990/TotalLiabilitiesGrp/BOYAmt09304
IRS990/TotalLiabilitiesGrp/EOYAmt05746
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0170523
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0181286
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0162886
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0325 Pleasant Street
IRS990/USAddress/CityNm0Concord
IRS990/USAddress/StateAbbreviationCd0NH
IRS990/USAddress/ZIPCd003301
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Douglas Bourchard
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Waterford Springs Corporation
ReturnHeader/Filer/BusinessNameControlTxt0WATE
ReturnHeader/Filer/EIN0030264149
ReturnHeader/Filer/USAddress/AddressLine1Txt043 Birch Tree Lane
ReturnHeader/Filer/USAddress/CityNm0Waterford
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005819
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203488815
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Corrette and Associates PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O Box 4039
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0St Johnsbury
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd005819
ReturnHeader/PreparerPersonGrp/PhoneNum08027484858
ReturnHeader/PreparerPersonGrp/PreparationDt02024-01-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Randall D Northrop
ReturnHeader/ReturnTs02024-01-18T10:12:56-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Douglas
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Bourchard
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30

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