TROY TOWNSHIP WATER ASSOCIATION INC (EIN 310903851) - 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

1976

Legal Domicile

Principal Officer

LOU ANN BACKER

Phone

8128362020

Tax Period

2024-01-01 to 2024-12-31

TROY TOWNSHIP WATER ASSOCIATION INC, founded in 1976, is a small nonprofit that reported $238K in total revenue in fiscal year 2024. Expenses of $217K left a modest 9% surplus.

Mission

TO INSTALL, MAINTAIN AND PROVIDE WATER 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $237,515

Investment Income $243

Other Revenue $16

TOTAL REVENUE $237,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $266

Fundraising Expenses $0

Other Expenses $216,438

TOTAL EXPENSES $216,704

Year-over-Year Comparison

	2024	2023	Change
Revenue	$237,774	$234,977	+0.0%
Expenses	$216,704	$202,588	+0.1%
Net Income	$21,070	$32,389	-0.3%

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

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
LOU ANN BACKER	PRESIDENT	2.00	Officer	$0	$0	$0
DAVE MCINERNEY	VICE PRESIDE	1.00	Officer	$0	$0	$0
LISA WANHAINEN	TREASURER/SE	1.00	Officer	$0	$0	$0
PAUL BERGER	BOARD MEMBER	1.00	Director	$0	$0	$0
SHIRLEY FLAMION	BOARD MEMBER	1.00	Director	$0	$0	$0
ROGER PETER	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF VARNER	BOARD MEMBER	1.00	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
2024	$237,774	$216,704	$431,949	$21,070
2023	$234,977	$202,588	$411,675	$32,389
2022	$240,128	$234,469	$379,127	$5,659
2021	$260,028	$190,445	$386,103	$69,583
2020	$260,063	$146,923	$327,635	$113,140
2019	$262,433	$163,558	$229,201	$98,875
2018	$266,813	$273,479	$203,009	$-6,666

TROY TOWNSHIP WATER ASSOCIATION INC