SOUTH 43 WATER ASSOCIATION INC

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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

Principal Officer

MAURICE MCKEE

Phone

7656575000

Tax Period

2025-01-01 to 2025-12-31

SOUTH 43 WATER ASSOCIATION INC is a small nonprofit that reported $187K in total revenue in fiscal year 2025. Expenses of $208K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDE POTABLE WATER TO UNDERSERVED, RURAL AREAS OF PUTNAM COUNTY, INDIANA WHICH ARE LOCATED OUTSIDE OF ANY MUNICIPAL WATER SERVICE AREAS.

Program Service Accomplishments

Program 1

PROVIDE POTABLE WATER TO AREAS SOUTH AND NORTH OF GREENCASTLE, INDIANA NOT SERVED BY A MUNICIPAL WATER SERVICE.

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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 $17,492

Investment Income $21,432

Other Revenue $147,808

TOTAL REVENUE $186,732

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,179

Fundraising Expenses $0

Other Expenses $189,549

TOTAL EXPENSES $207,728

Year-over-Year Comparison

	2025	2024	Change
Revenue	$186,732	$194,335	0.0%
Expenses	$207,728	$218,583	0.0%
Net Income	$-20,996	$-24,248	-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

$800

Total Directors

$1,640

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAURICE MCKEE	PRESIDENT	1.00	Officer Director	$280	$0	$280
TREVOR HUBER	VICE PRESIDE	1.00	Officer Director	$200	$0	$200
JAMES PRITCHARD	SECRETARY	1.00	Officer Director	$320	$0	$320
JEROD L CHEW	DIRECTOR	1.00	Director	$240	$0	$240
DAWN PUCKETT	DIRECTOR	1.00	Director	$280	$0	$280
RYAN STEVENS	DIRECTOR	1.00	Director	$320	$0	$320

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	$186,732	$207,728	$3,219,630	$-20,996
2024	$194,335	$218,583	$3,236,818	$-24,248
2023	$1,430,856	$160,313	$3,261,212	$1,270,543
2022	$1,481,233	$166,010	$1,982,284	$1,315,223
2021	$221,093	$205,584	$667,876	$15,509
2020	$158,239	$155,247	$648,871	$2,992
2019	$166,797	$147,405	$635,940	$19,392
2018	$190,940	$126,799	$614,844	$64,141