Fayette Township Water Association Inc (EIN 356040577) - 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

1962

Legal Domicile

Principal Officer

Doug Dreher

Phone

8125354208

Tax Period

2024-01-01 to 2024-12-31

Fayette Township Water Association Inc, founded in 1962, is a small nonprofit that reported $424K in total revenue in fiscal year 2024. Expenses of $478K exceeded revenue, resulting in a 13% operating deficit.

Mission

To provide water service to members and customers living in western Vigo county.

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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 $15,000

Program Service Revenue $408,668

Investment Income $150

Other Revenue $0

TOTAL REVENUE $423,818

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,175

Fundraising Expenses $0

Program Expenses $478,037

Other Expenses $450,862

TOTAL EXPENSES $478,037

Year-over-Year Comparison

	2024	2023	Change
Revenue	$423,818	$407,144	+0.0%
Expenses	$478,037	$488,582	0.0%
Net Income	$-54,219	$-81,438	-0.3%

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

N/A

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

$27,175

Total Directors

$27,175

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matt Haymaker	Vice President	1.00	Officer Director	$650	$0	$650
Doug Dreher	Treasurer	2.00	Officer Director	$18,850	$0	$18,850
Mike Webster	President	1.00	Officer Director	$650	$0	$650
Paul Elkins	Secretary	1.00	Officer Director	$7,025	$0	$7,025

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	$423,818	$478,037	$1,680,805	$-54,219
2023	$407,144	$488,582	$1,771,586	$-81,438
2022	$349,972	$444,497	$1,863,868	$-94,525
2021	$377,372	$434,281	$2,009,644	$-56,909
2020	$376,945	$437,146	$2,066,812	$-60,201
2019	$303,300	$415,997	$2,149,874	$-112,697

Fayette Township Water Association Inc