HECLA WATER ASSOCIATION INC (EIN 310808512) - 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

1969

Legal Domicile

Principal Officer

TONY HOWARD

Phone

7405330526

Tax Period

2024-01-01 to 2024-12-31

HECLA WATER ASSOCIATION INC, founded in 1969, is a community nonprofit that reported $8.9M in total revenue in fiscal year 2024. The organization ran a surplus of $2.7M, a strong 30% operating margin.

Mission

WATER TREATMENT AND DISTRIBUTION TO RURAL BUSINESSES AND RESIDENTS IN LAWRENCE COUNTY OHIO.

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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 $1,474,593

Program Service Revenue $0

Investment Income $138,526

Other Revenue $7,319,787

TOTAL REVENUE $8,932,906

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,764,873

Fundraising Expenses $0

Program Expenses $4,190,452

Other Expenses $2,472,321

TOTAL EXPENSES $6,237,194

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,932,906	$8,650,856	+0.0%
Expenses	$6,237,194	$5,718,098	+0.1%
Net Income	$2,695,712	$2,932,758	-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

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

$161,373

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENT BROWN	CHAIRMAN	0.50	Officer Director	$0	$0	$0
TROY HARDY	ASST. CHAIRMAN	0.50	Director	$0	$0	$0
GENE NANCE	BOARD MEMBER	0.50	Director	$0	$0	$0
JB FINLAY	BOARD MEMBER	0.50	Director	$0	$0	$0
PAUL DAVID KNIPP	BOARD MEMBER	0.50	Director	$0	$0	$0
BRENT SIAS	TREASURER	0.50	Officer Director	$0	$0	$0
JIM HERRELL	BOARD MEMBER	0.50	Director	$0	$0	$0
TONY HOWARD	SECRETARY/GENERAL MANAGER	40.00	Officer	$124,579	$36,794	$161,373

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	$8,932,906	$6,237,194	$45,368,845	$2,695,712
2023	$8,650,856	$5,718,098	$42,656,156	$2,932,758
2022	$8,262,678	$5,613,783	$39,770,416	$2,648,895
2021	$6,939,099	$5,252,504	$36,856,921	$1,686,595
2020	$7,554,214	$5,195,785	$31,852,474	$2,358,429
2019	$6,147,660	$4,795,502	$29,730,860	$1,352,158
2018	$6,005,703	$4,964,774	$30,186,979	$1,040,929

HECLA WATER ASSOCIATION INC