HILL WATER CORPORATION (EIN 237296931) - 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

1973

Legal Domicile

Principal Officer

ROSS HOLLOWAY

Phone

3178311675

Tax Period

2024-01-01 to 2024-12-31

HILL WATER CORPORATION, founded in 1973, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $772K, a strong 25% operating margin.

Mission

PUMP, TREAT AND DISTRIBUTE POTABLE WATER TO ITS 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 $2,978,971

Investment Income $115,010

Other Revenue $3,000

TOTAL REVENUE $3,096,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $516,282

Fundraising Expenses $0

Other Expenses $1,808,632

TOTAL EXPENSES $2,324,914

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,096,981	$2,285,100	+0.4%
Expenses	$2,324,914	$1,572,505	+0.5%
Net Income	$772,067	$712,595	+0.1%

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

$15,000

Total Directors

$3,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARYL SWINNEY	MEMBER	1.00	Director	$3,900	$0	$3,900
RON WRIGHT	SECRETARY	1.00	Officer	$3,300	$0	$3,300
ROSS HOLLOWAY	PRESIDENT	1.00	Officer	$3,600	$0	$3,600
TIM STANDEFORD	TREASURER	1.00	Officer	$4,200	$0	$4,200
LARRY LONG	VICE PRESIDENT	2.00	Officer	$3,900	$0	$3,900
HERB COOK	GENERAL MANAGER	40.00	Highest	$124,155	$0	$124,155

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	$3,096,981	$2,324,914	$24,229,294	$772,067
2023	$2,285,100	$1,572,505	$23,511,447	$712,595
2022	$1,694,492	$1,125,767	$8,646,211	$568,725
2021	$1,330,387	$1,127,099	$7,990,983	$203,288
2020	$1,224,013	$1,082,702	$7,257,855	$141,311
2019	$1,201,973	$1,088,050	$6,959,461	$113,923
2018	$1,216,336	$1,046,152	$6,728,198	$170,184

HILL WATER CORPORATION