BLUE RIDGE WATER ASSOCIATION INC (EIN 560858860) - 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

ROBERT PREVETTE

Phone

3366964713

Tax Period

2023-07-01 to 2024-06-30

BLUE RIDGE WATER ASSOCIATION INC, founded in 1964, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Net assets of $4.1M represent 34 months of operating reserves.

Mission

TO PROVIDE RURAL WATER SUPPLY

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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 $1,379,476

Investment Income $30,586

Other Revenue $15,849

TOTAL REVENUE $1,425,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $246,729

Fundraising Expenses $0

Other Expenses $1,192,166

TOTAL EXPENSES $1,438,895

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,425,911	$1,389,631	+0.0%
Expenses	$1,438,895	$1,434,700	+0.0%
Net Income	$-12,984	$-45,069	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT PREVETTE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES WOOD	VICE-PRESIDE	1.00	Officer Director	$0	$0	$0
MINOR BYRD	DIRECTOR	1.00	Director	$0	$0	$0
MARTY GARRIS	DIRECTOR	1.00	Director	$0	$0	$0
BARRY BLEVINS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL COTHREN	DIRECTOR	1.00	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	$1,425,911	$1,438,895	$4,232,561	$-12,984
2023	$1,389,631	$1,434,700	$4,259,302	$-45,069
2022	$1,294,335	$1,287,963	$4,302,213	$6,372
2021	$1,218,087	$1,222,279	$4,286,189	$-4,192
2020	$1,226,558	$1,159,238	$4,274,241	$67,320
2019	$1,251,893	$1,193,737	$4,225,283	$58,156

BLUE RIDGE WATER ASSOCIATION INC