FRANKLIN COUNTY WATER ASSOC INC (EIN 351281402) - 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

1972

Legal Domicile

Principal Officer

DAN CHESNUT

Phone

7656476843

Tax Period

2025-01-01 to 2025-12-31

FRANKLIN COUNTY WATER ASSOC INC, founded in 1972, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2025. Expenses of $1.9M left a modest 12% surplus.

Mission

THE PURPOSE OF THIS ORGANIZATION IS TO INSTALL, MAINTAIN AND OPERATE WATER SERVICE LINES TO RESIDENTS OF FRANKLIN COUNTY, INDIANA AND SURROUNDING AREAS AT THE LOWEST COST POSSIBLE.

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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 $2,169,270

Investment Income $10,818

Other Revenue $0

TOTAL REVENUE $2,180,088

Expense Breakdown

Grants Paid $0

Salaries & Benefits $580,788

Fundraising Expenses $0

Program Expenses $1,289,240

Other Expenses $1,332,399

TOTAL EXPENSES $1,913,187

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,180,088	$2,225,444	0.0%
Expenses	$1,913,187	$1,884,837	+0.0%
Net Income	$266,901	$340,607	-0.2%

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

$29,200

Total Directors

$38,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN CHESNUT	PRESIDENT	1.00	Officer Director	$22,400	$0	$22,400
JOHN MCGUIRE	TREASURER	1.00	Officer Director	$3,700	$0	$3,700
JERRY HESSELBROCK	DIRECTOR	1.00	Director	$3,275	$0	$3,275
NEIL LAMBERT	DIRECTOR	1.00	Director	$3,275	$0	$3,275
JENNIFER KOLB	VICE PRESIDE	1.00	Officer Director	$3,100	$0	$3,100
TIM ROSENBERGER	DIRECTOR	N/A	Director	$3,100	$0	$3,100

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	$2,180,088	$1,913,187	$7,314,882	$266,901
2024	$2,225,444	$1,884,837	$7,661,189	$340,607
2023	$1,880,025	$1,713,183	$7,213,242	$166,842
2022	$1,870,724	$1,657,277	$7,330,061	$213,447
2021	$1,825,208	$1,554,774	$7,389,723	$270,434
2020	$1,846,683	$1,527,632	$7,378,928	$319,051
2019	$1,728,987	$1,547,466	$7,196,671	$181,521
2018	$1,788,853	$1,596,812	$6,636,079	$192,041

FRANKLIN COUNTY WATER ASSOC INC