THRASHER WATER ASSOCIATION (EIN 237021479) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1960

Legal Domicile

Principal Officer

ROY TAYLOR

Phone

6627289830

Tax Period

2023-08-01 to 2024-07-31

THRASHER WATER ASSOCIATION, founded in 1960, is a small nonprofit that reported $224K in total revenue in fiscal year 2023. Expenses of $262K exceeded revenue, resulting in a 17% operating deficit.

Mission

WATER SERVICE TO THRASHER COMMUNITY

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $219,991

Investment Income $3,854

Other Revenue $90

TOTAL REVENUE $223,935

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,909

Fundraising Expenses $0

Program Expenses $262,409

Other Expenses $211,500

TOTAL EXPENSES $262,409

Year-over-Year Comparison

	2023	2022	Change
Revenue	$223,935	$224,838	0.0%
Expenses	$262,409	$226,345	+0.2%
Net Income	$-38,474	$-1,507	+24.5%

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

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

$2,490

Total Directors

$4,840

Key Employees

$15,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY JOHNSON	DIRECTOR	10	Director	$0	$0	$0
HORACE HUDDLESTON	PRIOR PRESIDENT	10	Director	$1,350	$0	$1,350
JONATHON DODDS	VICE PRESIDENT	10	Officer Director	$1,100	$0	$1,100
TONY CHRISTIAN	PRESIDENT	10	Officer Director	$1,390	$0	$1,390
GLENN WILLIAMS	DIRECTOR	10	Director	$300	$0	$300
CECIL WEATHERBEE	PRIOR DIRECTOR	10	Director	$700	$0	$700
JERRY COX	DIRECTOR	10	Director	$0	$0	$0
DONNIE REECE	DIRECTOR	10	Director	$0	$0	$0
ROY TAYLOR	MANAGER	20	Key Emp	$15,000	$0	$15,000

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	$223,935	$262,409	$762,785	$-38,474
2023	$224,838	$226,345	$788,093	$-1,507
2022	$247,299	$309,906	$789,538	$-62,607
2021	$209,576	$264,962	$889,270	$-55,386
2020	$227,069	$203,067	$927,715	$24,002

THRASHER WATER ASSOCIATION