CHINQUAPIN WATER ASSOCIATION INC (EIN 561425662) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Phone

9102852478

Tax Period

2024-01-01 to 2024-12-31

CHINQUAPIN WATER ASSOCIATION INC, founded in 1990, is a small nonprofit that reported $762K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $3.1M represent 48 months of operating reserves.

Mission

PROVIDE WATER SYSTEM

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $728,188

Investment Income $34,173

Other Revenue $0

TOTAL REVENUE $762,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $233,276

Fundraising Expenses $0

Program Expenses $661,118

Other Expenses $525,914

TOTAL EXPENSES $759,190

Year-over-Year Comparison

	2024	2023	Change
Revenue	$762,361	$679,905	+0.1%
Expenses	$759,190	$766,089	0.0%
Net Income	$3,171	$-86,184	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$12,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID MAREADY	PRESIDENT	1.00	Director	$2,400	$0	$2,400
DORIS HATCHER	VICE-PRESIDENT	1.00	Director	$1,800	$0	$1,800
TRACEY PARKER	SECRETARY	1.00	Director	$1,650	$0	$1,650
HAL WILLIAMS	MEMBER	1.00	Director	$1,800	$0	$1,800
ROSEMARY BATTS	MEMBER	1.00	Director	$1,500	$0	$1,500
GENEVA PICKETT	MEMBER	1.00	Director	$1,800	$0	$1,800
AUSTIN BROWN	MEMBER	1.00	Director	$1,650	$0	$1,650

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	$762,361	$759,190	$3,823,641	$3,171
2023	$679,905	$766,089	$3,873,494	$-86,184
2022	$731,769	$799,403	$4,020,465	$-67,634
2021	$742,874	$699,058	$4,141,285	$43,816
2020	$734,044	$702,917	$4,147,599	$31,127
2019	$762,501	$704,506	$4,160,684	$57,995
2018	$786,793	$701,855	$4,215,795	$84,938

CHINQUAPIN WATER ASSOCIATION INC