WEST WILKES WATER ASSOCIATION INC (EIN 560819389) - 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

1964

Legal Domicile

Principal Officer

RICK ALEXANDER

Phone

3368385614

Tax Period

2023-07-01 to 2024-06-30

WEST WILKES WATER ASSOCIATION INC, founded in 1964, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $412K, a strong 19% operating margin.

Mission

TO PROVIDE WATER TO RURAL COMMUNITIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,000,388

Investment Income $165,813

Other Revenue $33,025

TOTAL REVENUE $2,199,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $314,992

Fundraising Expenses $0

Other Expenses $1,472,214

TOTAL EXPENSES $1,787,206

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,199,226	$1,835,729	+0.2%
Expenses	$1,787,206	$1,558,999	+0.1%
Net Income	$412,020	$276,730	+0.5%

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

$4,400

Total Directors

$4,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK ALEXANDER	PRESIDENT	1.00	Officer Director	$1,100	$0	$1,100
RANDY BOWLIN	VICE PRESIDE	1.00	Officer Director	$1,100	$0	$1,100
SANDY LAWRENCE	TREASURER	1.00	Officer Director	$1,100	$0	$1,100
BETTY S OWENS	SECRETARY	1.00	Officer Director	$1,100	$0	$1,100
HAYDEN CHURCH	DIRECTOR	N/A	Director	$0	$0	$0
LARRY ELLER	DIRECTOR	N/A	Director	$0	$0	$0
LINDA GOFORTH	DIRECTOR	N/A	Director	$0	$0	$0
MARTY HARRIS	DIRECTOR	N/A	Director	$0	$0	$0
FRANKLIN MCGEE	DIRECTOR	N/A	Director	$0	$0	$0
VERNON MITCHELL	DIRECTOR	N/A	Director	$0	$0	$0
DAVID REEVES	DIRECTOR	N/A	Director	$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	$2,199,226	$1,787,206	$7,637,678	$412,020
2023	$1,835,729	$1,558,999	$7,211,566	$276,730
2022	$1,773,351	$1,571,928	$6,931,953	$201,423
2021	$1,605,769	$1,525,900	$6,752,595	$79,869
2020	$1,597,544	$1,401,615	$6,614,756	$195,929
2019	$1,579,807	$1,338,505	$6,418,663	$241,302

WEST WILKES WATER ASSOCIATION INC