New Carroll Water Association Inc (EIN 237376561) - 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

1970

Legal Domicile

Principal Officer

James E Stephens

Phone

3184283663

Tax Period

2024-01-01 to 2024-12-31

New Carroll Water Association Inc, founded in 1970, is a small nonprofit in the Mutual Benefit sector that reported $598K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year.

Mission

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 $27,150

Program Service Revenue $551,358

Investment Income $19,217

Other Revenue $0

TOTAL REVENUE $597,725

Expense Breakdown

Grants Paid $0

Salaries & Benefits $185,408

Fundraising Expenses $0

Program Expenses $636,055

Other Expenses $450,647

TOTAL EXPENSES $636,055

Year-over-Year Comparison

	2024	2023	Change
Revenue	$597,725	$746,612	-0.2%
Expenses	$636,055	$662,564	0.0%
Net Income	$-38,330	$84,048	-1.5%

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

Total Directors

$17,032

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
VICKI KELLY	Director	Director	$17,032	$0	$17,032
JAMES E STEPHENS	Vice President	Officer Director	$0	$0	$0
MIKE WHITNEY	Director	Director	$0	$0	$0
BYRON LEWIS	Vice President	Officer Director	$0	$0	$0
RANDY FULLER	Director	Director	$0	$0	$0
DONAL ROBINSON	Director	Director	$0	$0	$0
JOHN DAVIS	Director	Director	$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
2024	$597,725	$636,055	$958,729	$-38,330
2023	$746,612	$662,564	$972,676	$84,048
2022	$566,893	$657,857	$903,675	$-90,964
2021	$568,672	$516,416	$981,756	$52,256
2020	$635,115	$604,949	$927,288	$30,166

New Carroll Water Association Inc