Combined Water Association (EIN 274316330) - 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

2010

Legal Domicile

Principal Officer

Dave Bennitt

Phone

3603872565

Tax Period

2024-01-01 to 2024-12-31

Combined Water Association, founded in 2010, is a small nonprofit in the Mutual Benefit sector that reported $127K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $51K, a strong 40% operating margin.

Mission

Water was provided to 204 members of the water association.

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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 $126,715

Investment Income $83

Other Revenue $0

TOTAL REVENUE $126,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $75,697

TOTAL EXPENSES $75,697

Year-over-Year Comparison

	2024	2023	Change
Revenue	$126,798	$134,335	-0.1%
Expenses	$75,697	$87,961	-0.1%
Net Income	$51,101	$46,374	+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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dave Bennitt	President	2.00	Officer Director	$0	$0	$0
James Brooks	Vice President	1.00	Officer Director	$0	$0	$0
Jeff Gilmore	Secretary	1.00	Officer Director	$0	$0	$0
Jack Baker	Treasurer	2.00	Officer 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	$126,798	$75,697	$1,048,820	$51,101
2023	$134,335	$87,961	$1,032,886	$46,374
2022	$133,670	$75,431	$1,021,677	$58,239
2021	$125,689	$69,872	$998,604	$55,817
2020	$129,843	$82,962	$977,952	$46,881
2019	$124,108	$89,796	$980,328	$34,312
2018	$127,745	$113,013	$997,335	$14,732

Combined Water Association