WASHINGTON TOWNSHIP WATER CORP (EIN 356037692) - 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

1963

Legal Domicile

Principal Officer

TIM COCHRAN

Phone

8122933044

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON TOWNSHIP WATER CORP, founded in 1963, is a small nonprofit that reported $696K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $606K left a modest 13% surplus.

Mission

DISTRIBUTE WATER TO RESIDENTS IN SURROUNDING AREA

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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 $680,493

Investment Income $3,350

Other Revenue $11,719

TOTAL REVENUE $695,562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,404

Fundraising Expenses $0

Program Expenses $603,357

Other Expenses $399,473

TOTAL EXPENSES $605,877

Year-over-Year Comparison

	2024	2023	Change
Revenue	$695,562	$952,874	-0.3%
Expenses	$605,877	$597,308	+0.0%
Net Income	$89,685	$355,566	-0.7%

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

$600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY HARBIN	SCE/TREAS.	1.00	Officer	$600	$0	$600
GREG HOSTETTLER	DIRECTOR	N/A	Director	$0	$0	$0
TIM COCHRAN	PRESIDENT	N/A	Officer	$0	$0	$0
JEFF HALL	DIRECTOR	N/A	Officer	$0	$0	$0
RICK WHEELER	VICE PRESIDE	N/A	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
2025	No data	No data	No data	No data
2024	$695,562	$605,877	$4,670,488	$89,685
2023	$952,874	$597,308	$4,586,103	$355,566
2022	$1,405,749	$910,258	$4,909,479	$495,491
2021	$595,671	$555,250	$3,312,665	$40,421
2020	$547,735	$501,508	$3,226,096	$46,227

WASHINGTON TOWNSHIP WATER CORP