Civic Intelligence

Waterford Association Incorporated

EIN 06-0724637 • 501(c)7 • Waterford, CT

Profile

Beach preservation, conservation, enjoyment & recreation.

PO Box 51Waterford, CT 06385

n/A

Siviq Scores

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

Liabilities / Assets

68th percentile

0.02x

Higher debt load relative to assets than 68% of similar nonprofits.

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

Liabilities / Revenue

77th percentile

0.09x

Higher debt load relative to revenue than 77% of similar nonprofits.

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

Net Margin

77th percentile

16%

Higher net margin than 77% of similar nonprofits.

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

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

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

501(c)7 • <$500k nonprofits • Source year 2022

Asset Growth

70th percentile

9.1%

Faster asset growth than 70% of similar nonprofits.

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

Revenue Growth

56th percentile

5.7%

Faster revenue growth than 56% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$408,174

Up $7,014 (+1.7%) from 2023

Liabilities

Down

$8,000

Down $1,500 (-16%) from 2023

Net Assets

Up

$400,174

Up $8,514 (+2.2%) from 2023

Operations
Liabilities / Revenue77th percentileNet Margin77th percentile

Revenue

Up

$113,521

Up $4,423 (+4.1%) from 2023

Expenses

Up

$105,007

Up $13,286 (+14%) from 2023

Net Income

Down

$8,514

Down $8,863 (-51%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth70th percentile

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

$600K$400K$200K$0Assets 2010: $245,396Liabilities 2010: $1,423Net Assets 2010: $243,9732010Assets 2011: $257,443Liabilities 2011: $177Net Assets 2011: $257,2662011Assets 2012: $264,201Liabilities 2012: $2722012Assets 2013: $267,837Liabilities 2013: $0Net Assets 2013: $267,8372013Assets 2014: $275,957Liabilities 2014: $0Net Assets 2014: $275,9572014Assets 2015: $270,352Liabilities 2015: $0Net Assets 2015: $270,3522015Assets 2016: $280,514Liabilities 2016: $02016Assets 2017: $291,729Liabilities 2017: $02017Assets 2018: $303,754Liabilities 2018: $02018Assets 2019: $303,491Liabilities 2019: $02019Assets 2020: $314,458Liabilities 2020: $0Net Assets 2020: $314,4582020Assets 2021: $359,084Liabilities 2021: $0Net Assets 2021: $359,0842021Assets 2022: $367,707Liabilities 2022: $0Net Assets 2022: $367,7072022Assets 2023: $401,160Liabilities 2023: $9,500Net Assets 2023: $391,6602023Assets 2024: $408,174Liabilities 2024: $8,000Net Assets 2024: $400,1742024

Highlighted filing

2024

Assets$408,174
Liabilities$8,000
Net Assets$400,174
Open 2024 Filing

Operations Trend

Revenue Growth56th percentile

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

$150K$100K$50K$0-$50KExpenses 2010: $58,2142010Expenses 2011: $54,7572011Revenue 2012: $66,218Expenses 2012: $59,555Net Income 2012: $6,6632012Revenue 2013: $67,300Expenses 2013: $63,392Net Income 2013: $3,9082013Revenue 2014: $67,471Expenses 2014: $59,351Net Income 2014: $8,1202014Revenue 2015: $65,807Expenses 2015: $71,412Net Income 2015: -$5,6052015Revenue 2016: $73,758Expenses 2016: $22,781Net Income 2016: $50,9772016Revenue 2017: $80,304Expenses 2017: $69,041Net Income 2017: $11,2632017Revenue 2018: $84,251Expenses 2018: $72,227Net Income 2018: $12,0242018Revenue 2019: $85,894Expenses 2019: $86,824Net Income 2019: -$9302019Revenue 2020: $106,625Expenses 2020: $96,034Net Income 2020: $10,5912020Revenue 2021: $137,274Expenses 2021: $92,648Net Income 2021: $44,6262021Revenue 2022: $103,230Expenses 2022: $102,953Net Income 2022: $2772022Revenue 2023: $109,098Expenses 2023: $91,721Net Income 2023: $17,3772023Revenue 2024: $113,521Expenses 2024: $105,007Net Income 2024: $8,5142024

Highlighted filing

2024

Revenue$113,521
Expenses$105,007
Net Income$8,514
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$408,174
Liabilities
$8,000
Net assets
$400,174
Revenue
$113,521
Expenses
$105,007
Net income
$8,514
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.08$0.08$4.00$1.14$1.05$0.09
2023Detailed filing. Detailed filing data is available for this year.$4.01$0.10$3.92$1.09$0.92$0.17
2022Detailed filing. Detailed filing data is available for this year.$3.68$0.00$3.68$1.03$1.03$0.00
2021Detailed filing. Detailed filing data is available for this year.$3.59$0.00$3.59$1.37$0.93$0.45
2020Detailed filing. Detailed filing data is available for this year.$3.14$0.00$3.14$1.07$0.96$0.11
2019Summary only. Only limited summary data is available for this year.$3.03$0.00$0.86$0.87$0.01
2018Summary only. Only limited summary data is available for this year.$3.04$0.00$0.84$0.72$0.12
2017Summary only. Only limited summary data is available for this year.$2.92$0.00$0.80$0.69$0.11
2016Summary only. Only limited summary data is available for this year.$2.81$0.00$0.74$0.23$0.51
2015Detailed filing. Detailed filing data is available for this year.$2.70$0.00$2.70$0.66$0.71$0.06
2014Detailed filing. Detailed filing data is available for this year.$2.76$0.00$2.76$0.67$0.59$0.08
2013Detailed filing. Detailed filing data is available for this year.$2.68$0.00$2.68$0.67$0.63$0.04
2012Summary only. Only limited summary data is available for this year.$2.64$0.00$0.66$0.60$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.57$0.00$2.57$0.55
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.45$0.01$2.44$0.58
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 30, 2025
Return Version
2024v5.1
Gross Receipts
$113,521
Mission and Program Overview

Mission

Beach preservation & conservation

Beach preservation, conservation, enjoyment & recreation.

Program Services

DescriptionGrantsExpenses
PROVIDE MAINTENANCE, PERSERVATION, LIFEGUARDS, SAFETY & SECURITY TO APPROXIMATELY 200 MEMBER FAMILIES.--
PROVIDE SOCIAL FUNCTIONS FOR THE ENJOYMENT OF MEMBER FAMILIES.--
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHARLES BENZYKPresidentPT$0--
JON KINGVice President-$0--
MARY BRETTVice President-$0--
BRUCE CHUDWICKFinancial Secty-$0--
LISA REYBURN-PAYNESecretary-$0--
HEATHER TOYENPast President-$0--
DAVID CAVASINOTreasurer-$0--
DANIEL TARBELLFinancial Secty-$0--
Filing and Contact Details

Filer

Filer Name
Waterford Association Incorporated
EIN
06-0724637
Phone
8604390299
Address
PO BOX 51, WATERFORD, CT 06385

Signing Officer

Name
David Cavasino
Title
Treasurer
Signed
2025-03-30
Supplemental Narrative

Additional Explanations

Other Expenses.1003

“Information Technology $1069”

Other Expenses.1012

“Insurance $12168”

Other Expenses.1

“Administrative costs $10736”

Other Expenses.2

“Capital expenditures $10060”

Other Expenses.3

“SOCIAL EVENTS $5199”

Other Expenses.4

“INCOME TAXES $4181”

Other Expenses.5

“LIFEGUARD SUPPLIES $809”

Other Assets.1011

“Prepaid Expenses and Deferred Charges - Beginning $487 Prepaid Expenses and Deferred Charges - Ending $0”

Total Liabilities.1

“WAITLIST DEPOSITS - Beginning $9500 WAITLIST DEPOSITS - Ending $8000”

Raw XML Appendix138 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0DAVID CAVASINO
IRS990EZ/BooksInCareOfDetail/PhoneNum08604390299
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt013 WHALING DRIVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WATERFORD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd006385
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0250673
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0258174
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt08514
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01735
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0401160
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0408174
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt0113521
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt08502
IRS990EZ/LandAndBuildingsGrp/BOYAmt0150000
IRS990EZ/LandAndBuildingsGrp/EOYAmt0150000
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt0105019
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0391660
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0400174
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0391660
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0400174
IRS990EZ/OccupancyRentUtltsAndMaintAmt021681
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt32.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt42.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt52.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt62.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt72.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CHARLES BENZYK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JON KING
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MARY BRETT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3BRUCE CHUDWICK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4LISA REYBURN-PAYNE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5HEATHER TOYEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6DAVID CAVASINO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7DANIEL TARBELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3FINANCIAL SECTY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5PAST PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7FINANCIAL SECTY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0true
IRS990EZ/OrganizationHadUBIInd0true
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0487
IRS990EZ/OtherExpensesTotalAmt044222
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0BEACH PRESERVATION, CONSERVATION, ENJOYMENT & RECREATION.
IRS990EZ/PrintingPublicationsPostageAmt0410
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDE MAINTENANCE, PERSERVATION, LIFEGUARDS, SAFETY & SECURITY TO APPROXIMATELY 200 MEMBER FAMILIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1PROVIDE SOCIAL FUNCTIONS FOR THE ENJOYMENT OF MEMBER FAMILIES.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt036959
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt09500
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt08000
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0105007
IRS990EZ/TotalRevenueAmt0113521
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Information Technology $1069
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $12168
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ADMINISTRATIVE COSTS $10736
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CAPITAL EXPENDITURES $10060
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SOCIAL EVENTS $5199
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INCOME TAXES $4181
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6LIFEGUARD SUPPLIES $809
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Prepaid Expenses and Deferred Charges - Beginning $487 Prepaid Expenses and Deferred Charges - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8WAITLIST DEPOSITS - Beginning $9500 WAITLIST DEPOSITS - Ending $8000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Assets.1011
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Total Liabilities.1
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID CAVASINO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WATERFORD ASSOCIATION INCORPORATED
ReturnHeader/Filer/BusinessNameControlTxt0WATE
ReturnHeader/Filer/EIN0060724637
ReturnHeader/Filer/PhoneNum08604390299
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 51
ReturnHeader/Filer/USAddress/CityNm0WATERFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006385
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/ReturnTs02025-03-30T13:29:38-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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