NORTH CAROLINA RURAL WATER ASSOCIATION INC (EIN 561152393) - 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

1976

Legal Domicile

Phone

3367316963

Tax Period

2025-01-01 to 2025-12-31

NORTH CAROLINA RURAL WATER ASSOCIATION INC, founded in 1976, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2025. Expenses of $4.2M left a modest 11% surplus.

Mission

TO PROVIDE WATER AND WASTEWATER MEMBERSHIP WITH THE HIGHEST QUALITY SUPPORT SERVICES POSSIBLE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,323,090

Program Service Revenue $0

Investment Income $153,578

Other Revenue $2,211,228

TOTAL REVENUE $4,687,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,586,490

Fundraising Expenses $0

Program Expenses $4,181,575

Other Expenses $1,595,085

TOTAL EXPENSES $4,181,575

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,687,896	$4,363,084	+0.1%
Expenses	$4,181,575	$3,756,965	+0.1%
Net Income	$506,321	$606,119	-0.2%

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
WILMER MELTON	DIRECTOR	2.00	Director	$0	$0	$0
LISA SMITH-PERRI	DIRECTOR	1.00	Director	$0	$0	$0
JON PONS	DIRECTOR	1.00	Director	$0	$0	$0
JEFF EVANS	DIRECTOR	1.00	Director	$0	$0	$0
JOSH NICKOL	DIRECTOR	1.00	Director	$0	$0	$0
TIM HOLLOMAN	DIRECTOR	1.00	Director	$0	$0	$0
MARIE STRANDWITZ	DIRECTOR	1.00	Director	$0	$0	$0
JASON HERBERT	DIRECTOR	1.00	Director	$0	$0	$0
SCHUMATA BROWN	DIRECTOR	1.00	Director	$0	$0	$0
TODD TAYLOR	TREASURER	4.00	Officer	$0	$0	$0
MARIA HUNNICUTT	PRESIDENT	1.00	Officer	$0	$0	$0
DANNY SLOAN	SENIOR VP	2.00	Officer	$0	$0	$0
CHRISTINA SMITH	SECRETARY	1.00	Officer	$0	$0	$0
HEATHER SOMERS	EXECUTIVE DIRECTOR - CURRENT	40.00	Key Emp	$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	$4,687,896	$4,181,575	$5,569,613	$506,321
2024	$4,363,084	$3,756,965	$5,003,299	$606,119
2023	$4,125,426	$3,525,590	$4,358,870	$599,836
2022	$3,900,212	$3,340,858	$3,754,509	$559,354
2021	$3,286,739	$2,765,733	$3,212,310	$521,006
2020	$2,614,012	$2,582,478	$2,728,511	$31,534
2019	$3,116,446	$3,059,914	$2,581,780	$56,532
2018	$3,086,496	$2,746,809	$2,488,659	$339,687

NORTH CAROLINA RURAL WATER ASSOCIATION INC