OLD STRAITSVILLE WATER ASSOCIATION (EIN 310894044) - 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

1971

Legal Domicile

Principal Officer

BARRY HOY

Phone

7403850120

Tax Period

2023-01-01 to 2023-12-31

OLD STRAITSVILLE WATER ASSOCIATION, founded in 1971, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Net assets of $3.6M represent 31 months of operating reserves.

Mission

THE ASSOCIATION'S MISSION IS TO CONSTRUCT, MAINTAIN AND OPERATE A PRIVATE WATER SYSTEM FOR 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 $28,800

Program Service Revenue $1,350,236

Investment Income $3,871

Other Revenue $0

TOTAL REVENUE $1,382,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $361,292

Fundraising Expenses $0

Program Expenses $1,092,029

Other Expenses $993,582

TOTAL EXPENSES $1,354,874

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,382,907	$1,338,894	+0.0%
Expenses	$1,354,874	$1,433,989	-0.1%
Net Income	$28,033	$-95,095	-1.3%

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

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

$4,080

Total Directors

$23,535

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HARRIS	TRUSTEE	3.00	Director	$14,255	$0	$14,255
JOHN TROVATO	VICE PRESIDE	3.00	Officer Director	$1,440	$0	$1,440
ROBERT YOUR	TRUSTEE	3.00	Director	$1,440	$0	$1,440
PATRICIA EDWARDS	SECRETARY	3.00	Officer Director	$1,360	$0	$1,360
BARRY HOY	PRESIDENT	3.00	Officer Director	$1,280	$0	$1,280
DENNIS LECKRONE	TRUSTEE	3.00	Director	$1,280	$0	$1,280
FRED WALTER	TRUSTEE	3.00	Director	$1,280	$0	$1,280
JAMES STIMMEL	TRUSTEE	3.00	Director	$1,200	$0	$1,200

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	$1,382,907	$1,354,874	$5,185,171	$28,033
2022	$1,338,894	$1,433,989	$5,303,174	$-95,095
2021	$1,221,343	$1,271,708	$5,412,685	$-50,365
2020	$1,153,905	$1,169,188	$5,539,323	$-15,283
2019	$1,096,586	$1,126,363	$5,643,175	$-29,777
2018	$978,075	$1,019,263	$5,788,044	$-41,188

OLD STRAITSVILLE WATER ASSOCIATION