WHITE OAK ESTATES WATER ASSOCIATION INC

EIN: 363065213

DIXON, IL

Total Revenue
$82,087
Total Expenses
$34,439
Total Assets
$581,662
Net Assets
$578,122
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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
1979
Legal Domicile
IL
Principal Officer
MATT HECKMAN
Phone
8156524502
Tax Period
2023-01-01 to 2023-12-31

WHITE OAK ESTATES WATER ASSOCIATION INC, founded in 1979, is a micro nonprofit that reported $70K in total revenue in fiscal year 2021. The organization ran a surplus of $31K, a strong 45% operating margin.

Mission

OPERATION OF WATER SYSTEM FOR GENERAL & DOMESTIC USE FOR THE WHITE OAK ESTATES SUBDIVISION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $825
Program Service Revenue $77,938
Investment Income $3,324
Other Revenue $0
TOTAL REVENUE $82,087

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,700
Fundraising Expenses $0
Other Expenses $28,739
TOTAL EXPENSES $34,439

Year-over-Year Comparison

2023 2022 Change
Revenue $82,087 $81,602 +0.0%
Expenses $34,439 $55,436 -0.4%
Net Income $47,648 $26,166 +0.8%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
3

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
4
$5,700
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT HECKMAN PRESIDENT 1.00
Officer
$0 $0 $0
BARB WIEMKEN TREASURER 1.00
Officer
$5,700 $0 $5,700
TOM SHAW SECRETARY 1.00
Officer
$0 $0 $0
KEVIN SCHMITT VP, OPERATIONS 1.00
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
2024 No data No data No data No data
2023 $82,087 $34,439 $581,662 $47,648
2022 $81,602 $55,436 $505,185 $26,166
2021 $70,155 $38,752 $510,390 $31,403
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