FREELANDVILLE WATER ASSOCIATION

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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

GARLAND RICHTER

Phone

8123286222

Tax Period

2025-01-01 to 2025-12-31

FREELANDVILLE WATER ASSOCIATION, founded in 1966, is a small nonprofit that reported $279K in total revenue in fiscal year 2025. The organization ran a surplus of $73K, a strong 26% operating margin.

Mission

MEMBERSHIP COOPERATIVE FOR WATER DISTRITUION AND SALES TO MEMEBERS

Program Service Accomplishments

Program 1

Expenses: $191,394 Revenue: $277,297

PROVIDING WATER DISTRIBTUION TO MEMEBERS

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $277,297

Investment Income $0

Other Revenue $1,717

TOTAL REVENUE $279,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,930

Fundraising Expenses $0

Program Expenses $191,394

Other Expenses $167,245

TOTAL EXPENSES $206,175

Year-over-Year Comparison

	2025	2024	Change
Revenue	$279,014	$278,447	+0.0%
Expenses	$206,175	$209,129	0.0%
Net Income	$72,839	$69,318	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GORDON CLINKENBEARD	DIRECTOR	N/A	Officer Director	$0	$0	$0
JAMES LANE	DIRECTOR	N/A	Director	$0	$0	$0
JOE MCCORMICK	VICE PRES	N/A	Officer Director	$0	$0	$0
ANDY MILLER	DIRECTOR	N/A	Director	$0	$0	$0
BRUCE PEPMEIER	TREASURER	N/A	Officer Director	$0	$0	$0
GARLAND RICHTER	PRESIDENT	N/A	Officer Director	$0	$0	$0
KENT SCHROEDER	SECRETARY	N/A	Officer Director	$0	$0	$0
KYLE TELLIGMAN	DIRECTOR	N/A	Director	$0	$0	$0
BILL WILLIAMS	DIRECTOR	N/A	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
2025	$279,014	$206,175	$1,017,448	$72,839
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