Western Wayne Water District (EIN 371263094) - 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

1991

Legal Domicile

Principal Officer

Tiffany Davis

Phone

6188952813

Tax Period

2024-04-01 to 2025-03-31

Western Wayne Water District, founded in 1991, is a community nonprofit in the Mutual Benefit sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Net assets of $3.8M represent 35 months of operating reserves.

Mission

Water Distribution System: The District provides drinking water to rural residents of Western Wayne, IL.

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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 $1,250,027

Investment Income $27,738

Other Revenue $0

TOTAL REVENUE $1,277,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $183,548

Fundraising Expenses $0

Program Expenses $1,349,748

Other Expenses $1,186,560

TOTAL EXPENSES $1,370,108

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,277,765	$1,179,781	+0.1%
Expenses	$1,370,108	$1,247,554	+0.1%
Net Income	$-92,343	$-67,773	+0.4%

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

$44,644

Total Directors

$2,831

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Larry Reed	President	2.00	Officer Director	$1,481	$0	$1,481
Brad Greenwalt	Vice President	1.00	Officer Director	$225	$0	$225
Cody Ehrhart	Director	1.00	Director	$275	$0	$275
Elijah Ellis	Director	1.00	Director	$100	$0	$100
Jason McKinney	Director	1.00	Director	$250	$0	$250
Steve Jordan	Director	1.00	Director	$275	$0	$275
Larry Frazier	Director	1.00	Director	$225	$0	$225
Tiffany Davis	Secretary/Treasurer	30.00	Officer	$42,938	$0	$42,938

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	$1,277,765	$1,370,108	$7,571,474	$-92,343
2024	$1,179,781	$1,247,554	$7,916,229	$-67,773
2023	$1,060,011	$1,218,587	$8,224,735	$-158,576
2022	$1,059,385	$1,219,521	$8,626,198	$-160,136
2021	$1,068,290	$1,147,636	$8,937,304	$-79,346
2020	$1,030,497	$1,126,999	$9,167,598	$-96,502
2019	$1,067,984	$1,160,991	$9,410,244	$-93,007
2018	$1,052,674	$1,154,585	$9,642,303	$-101,911

Western Wayne Water District