VAN BUREN WATER INC (EIN 237048203) - 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

1964

Legal Domicile

Principal Officer

CRAIG D KOONS

Phone

8128259760

Tax Period

2024-01-01 to 2024-12-31

VAN BUREN WATER INC, founded in 1964, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.3M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROVIDE WATER SERVICE TO MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,081,932

Investment Income $-7,807

Other Revenue $37,484

TOTAL REVENUE $1,111,609

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,953

Fundraising Expenses $0

Program Expenses $1,337,264

Other Expenses $1,247,311

TOTAL EXPENSES $1,337,264

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,111,609	$997,066	+0.1%
Expenses	$1,337,264	$1,183,114	+0.1%
Net Income	$-225,655	$-186,048	+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

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

$40,500

Total Directors

$54,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG D KOONS	PRESIDENT	0.00	Officer Director	$12,000	$0	$12,000
JASON CLARK	DIRECTOR	N/A	Officer Director	$9,600	$0	$9,600
WILLIAM JAY HUMPHREY	DIRECTOR	N/A	Officer Director	$9,300	$0	$9,300
DANIEL TAYLOR	DIRECTOR	N/A	Officer Director	$9,600	$0	$9,600
RICHARD HANKINS	DIRECTOR	N/A	Director	$4,800	$0	$4,800
PERRY ROBINSON	DIRECTOR	N/A	Director	$4,500	$0	$4,500
BRIAN SHIELDS	DIRECTOR	N/A	Director	$4,800	$0	$4,800

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	$1,111,609	$1,337,264	$3,359,828	$-225,655
2023	$997,066	$1,183,114	$3,594,584	$-186,048
2022	$989,036	$1,013,067	$3,785,016	$-24,031
2021	$884,897	$919,911	$3,759,463	$-35,014
2020	$947,189	$920,093	$3,491,324	$27,096
2019	$854,290	$882,413	$3,469,386	$-28,123
2018	$872,495	$858,280	$3,478,363	$14,215

VAN BUREN WATER INC