FREELANDVILLE WATER ASSOCIATION (EIN 351160066) - 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

1966

Legal Domicile

Principal Officer

JOE MCCORMICK

Phone

8123286222

Tax Period

2023-01-01 to 2023-12-31

FREELANDVILLE WATER ASSOCIATION, founded in 1966, is a small nonprofit that reported $307K in total revenue in fiscal year 2023. Net assets of $865K represent 34 months of operating reserves.

Mission

PROVIDING WATER DISTRIBUTION TO 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 $305,806

Investment Income $0

Other Revenue $1,248

TOTAL REVENUE $307,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,598

Fundraising Expenses $0

Program Expenses $317,673

Other Expenses $288,720

TOTAL EXPENSES $331,318

Year-over-Year Comparison

	2023	2022	Change
Revenue	$307,054	$288,303	+0.1%
Expenses	$331,318	$226,304	+0.5%
Net Income	$-24,264	$61,999	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY MILLER	DIRECTOR	0.50	Director	$0	$0	$0
BILL WILLIAMS	DIRECTOR	0.50	Director	$0	$0	$0
GARLAND RICHTER	DIRECTOR	0.50	Director	$0	$0	$0
GORDON CLINKENBEARD	DIRECTOR	0.50	Director	$0	$0	$0
JAMES LANE	DIRECTOR	0.50	Director	$0	$0	$0
BRUCE PEPMEIER	TREASURER	1.00	Officer	$0	$0	$0
JOE MCCORMICK	VICE PRES	1.00	Officer	$0	$0	$0
KYLE TELLIGMAN	PRESIDENT	1.00	Officer	$0	$0	$0
KENT SCHROEDER	SECRETARY	1.00	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	$307,054	$331,318	$1,012,907	$-24,264
2022	$288,303	$226,304	$1,061,486	$61,999
2021	$218,940	$232,118	$1,023,761	$-13,178
2020	$216,112	$243,673	$1,072,405	$-27,561
2019	$247,847	$259,273	$1,135,844	$-11,426
2018	$174,512	$243,490	$1,117,071	$-68,978

FREELANDVILLE WATER ASSOCIATION