Carbon Hill Water Association (EIN 310797244) - 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

Tax Period

2023-01-01 to 2023-12-31

Carbon Hill Water Association, founded in 1970, is a micro nonprofit that reported $65K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $90K exceeded revenue, resulting in a 38% operating deficit.

Mission

Mutually Organized Water Distribution Services

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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 $0

Investment Income $642

Other Revenue $64,411

TOTAL REVENUE $65,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,465

Fundraising Expenses $0

Program Expenses $89,670

Other Expenses $69,205

TOTAL EXPENSES $89,670

Year-over-Year Comparison

	2023	2022	Change
Revenue	$65,053	$57,721	+0.1%
Expenses	$89,670	$80,601	+0.1%
Net Income	$-24,617	$-22,880	+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

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

$17,365

Total Directors

Key Employees

$5,880

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Krystal K Joyce	Treasurer	10.00	Officer	$11,040	$0	$11,040
Jeff Traugh	Bd Member	10.00	Officer	$6,325	$0	$6,325
Thomas L Snyder	Mtr Reader	10.00	Key Emp	$5,880	$0	$5,880
James Mount	Bd Member	2.00	Officer	$0	$0	$0
Mike Kinneer	President	2.00	Officer	$0	$0	$0
Leah Whitmore	V President	2.00	Officer	$0	$0	$0
Terry Courtney	Bd Member	2.00	Officer	$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	No data	No data	No data	No data
2023	$65,053	$89,670	$108,819	$-24,617
2022	$57,721	$80,601	$135,237	$-22,880
2021	$76,716	$73,189	$156,311	$3,527
2020	$70,297	$98,441	$154,939	$-28,144
2019	$98,674	$72,765	$177,011	$25,909
2018	$98,736	$75,084	$150,501	$23,652

Carbon Hill Water Association