LITTLE HOCKING WATER ASSOCIATION INC (EIN 310791098) - 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

1980

Legal Domicile

Principal Officer

ROBERT ALLEN

Phone

7409892181

Tax Period

2023-01-01 to 2023-12-31

LITTLE HOCKING WATER ASSOCIATION INC, founded in 1980, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.6M left a modest 9% surplus.

Mission

LHWA EXISTS TO PROVIDE WATER TO THE ASSOCIATION'S 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,842,973

Investment Income $66,773

Other Revenue $0

TOTAL REVENUE $2,909,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $657,502

Fundraising Expenses $0

Other Expenses $1,981,245

TOTAL EXPENSES $2,638,747

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,909,746	$2,678,950	+0.1%
Expenses	$2,638,747	$2,457,749	+0.1%
Net Income	$270,999	$221,201	+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

N/A

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

$100,489

Total Directors

$9,415

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBBIE L SCHULTZ	BOARD MEMBER	1.00	Director	$1,104	$0	$1,104
DARREL HUCK	BOARD MEMBER	1.00	Director	$276	$0	$276
CHARLES SEAMAN	BOARD MEMBER	1.00	Director	$1,311	$0	$1,311
JOHN RAUCH	PRESIDENT	2.00	Officer Director	$1,311	$0	$1,311
ROBERT POWELL	VICE PRESIDENT	2.00	Officer Director	$1,411	$0	$1,411
KEVIN PLACE	BOARD MEMBER	1.00	Director	$276	$0	$276
KYLE VLASAK	BOARD MEMBER	1.00	Director	$1,104	$0	$1,104
ROBERT ALLEN	TREASURER	2.00	Officer Director	$1,311	$0	$1,311
MICHAEL MOORE	SECRETARY	1.00	Officer Director	$1,311	$0	$1,311
JOHN SMITH	GENERAL MANAGER	40.00	Officer	$95,145	$0	$95,145

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	No data	No data	No data	No data
2023	$2,909,746	$2,638,747	$9,186,417	$270,999
2022	$2,678,950	$2,457,749	$9,158,269	$221,201
2021	$2,581,424	$2,132,751	$9,115,401	$448,673
2020	$2,325,983	$1,856,109	$8,991,561	$469,874
2019	$2,248,736	$2,202,985	$8,590,011	$45,751
2019	$2,248,736	$2,202,985	$8,590,011	$45,751
2018	$2,118,372	$1,927,274	$8,628,799	$191,098

LITTLE HOCKING WATER ASSOCIATION INC