Combined Water System

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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

James Brooks

Phone

3603872565

Tax Period

2025-01-01 to 2025-12-31

Combined Water System, founded in 2010, is a small nonprofit in the Mutual Benefit sector that reported $134K in total revenue in fiscal year 2025. The organization ran a surplus of $40K, a strong 30% operating margin.

Mission

The mission of the organization is to provide water and associated services to the members of the water association.

Program Service Accomplishments

Program 1

The association provided water to 191 active members and has 13 members who have not yet built a home.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $134,263

Investment Income $67

Other Revenue $0

TOTAL REVENUE $134,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $94,302

TOTAL EXPENSES $94,302

Year-over-Year Comparison

	2025	2024	Change
Revenue	$134,330	$126,798	+0.1%
Expenses	$94,302	$75,697	+0.2%
Net Income	$40,028	$51,101	-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

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	Vice President	1.00	Officer Director	$0	$0	$0
James Brooks	President	2.00	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
2025	$134,330	$94,302	$1,053,682	$40,028
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