CALHOUN COUNTY WATER ASSOCIATION INC (EIN 200679304) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

PAM NEWTON

Phone

8707982422

Tax Period

2024-01-01 to 2024-12-31

CALHOUN COUNTY WATER ASSOCIATION INC, founded in 2003, is a small nonprofit in the Mutual Benefit sector that reported $278K in total revenue in fiscal year 2018. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $430K exceeded revenue, resulting in a 54% operating deficit.

Mission

THE ORGANIZATION WAS ESTABLISHED TO PROVIDE SAFE CLEAN POTABLE WATER TO RESIDENTS IN THE OUTLYING RURAL AREAS OF CALHOUN COUNTY ARKANSAS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $343,261

Investment Income $1,850

Other Revenue $3,628

TOTAL REVENUE $348,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,901

Fundraising Expenses $0

Program Expenses $426,886

Other Expenses $459,496

TOTAL EXPENSES $465,397

Year-over-Year Comparison

	2024	2023	Change
Revenue	$348,739	$297,675	+0.2%
Expenses	$465,397	$450,200	+0.0%
Net Income	$-116,658	$-152,525	-0.2%

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

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

$4,751

Total Directors

$1,150

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE MILLER	BOARD MEMBER	0.50	Director	$600	$0	$600
LA JOYCE WILLIAMS	BOARD MEMBER	0.50	Director	$550	$0	$550
BILLY FRANK WILLIAMS	PRESIDENT	0.50	Officer	$550	$0	$550
THOM MEANS	VICE PRESIDENT	0.50	Officer	$450	$0	$450
PAM NEWTON	SECRETARY/TREASURER	2.00	Officer	$3,751	$0	$3,751

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
2024	$348,739	$465,397	$1,834,437	$-116,658
2023	$297,675	$450,200	$2,002,130	$-152,525
2022	$276,717	$470,911	$2,221,223	$-194,194
2021	$278,006	$452,976	$2,469,333	$-174,970
2020	$291,782	$458,173	$2,465,648	$-166,391
2019	$337,434	$435,597	$2,668,658	$-98,163
2018	$278,443	$429,916	$2,812,120	$-151,473

CALHOUN COUNTY WATER ASSOCIATION INC