MIDWAY CANAAN COMMUNITY WATER ASSOC

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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

1966

Legal Domicile

Principal Officer

VIOLA POSLEY

Tax Period

2023-01-01 to 2023-12-31

MIDWAY CANAAN COMMUNITY WATER ASSOC, founded in 1966, is a small nonprofit in the Mutual Benefit sector that reported $242K in total revenue in fiscal year 2023. The organization ran a surplus of $158K, a strong 65% operating margin.

Mission

THE WATER ASSOCIATION IS A COMMUNITY WATER UTILITIES ORAGAIZATION COMPRISED OF THE CIIIZENS OF MIDWAY ITS MISSION IS TO PROVIDE SAFE AND CLEAN DRINKING WATER SERVICES TO THE COMMUNITY OF MIDWAY.

Program Service Accomplishments

Program 1

Expenses: $84,082

FORM 990 PART VI, SEC B LINE 11A A COPY OF FORM 990 IS PROVIDED TO THE BOARD OF DIRECTIORS PRIOR TO AM MEETING

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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 $4,900

Program Service Revenue $3,000

Investment Income $0

Other Revenue $234,418

TOTAL REVENUE $242,318

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,716

Fundraising Expenses $0

Program Expenses $84,082

Other Expenses $62,366

TOTAL EXPENSES $84,082

Year-over-Year Comparison

	2023	2022	Change
Revenue	$242,318	$231,413	+0.0%
Expenses	$84,082	$140,355	-0.4%
Net Income	$158,236	$91,058	+0.7%

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

N/A

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIOLA POSLEY	CHAIRMAN	0.00	Officer	$0	$0	$0

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
2023	$242,318	$84,082	$158,236	$158,236
2022	$231,413	$74,703	$156,710	$156,710
2021	$197,067	$56,717	$140,350	$140,350
2020	$175,826	$109,109	$173,921	$66,717
2019	$230,653	$123,449	$376,474	$107,204
2018	$227,076	$172,784	$215,030	$54,292