HAYWOOD WATERWAYS ASSOCIATION INC

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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

1998

Legal Domicile

Principal Officer

SUZANNE KLIMEK

Phone

8285504869

Tax Period

2024-01-01 to 2024-12-31

HAYWOOD WATERWAYS ASSOCIATION INC, founded in 1998, is a small nonprofit in the Environment sector that reported $640K in total revenue in fiscal year 2024. Revenue surged 152% from the prior year, signaling strong growth momentum. The organization ran a surplus of $125K, a strong 20% operating margin.

Mission

TO WORK TO IMPROVE & PROTECT SURFACE WATER IN HAYWOOD COUNTY, NORTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $472,930 Revenue: $472,930

TO IMPROVE THE QUALITY OF SURFACE WATER IN HAYWOOD COUNTY, NORTH CAROLINA. INITIATED NUMEROUS PROJECTS AND HAVE PARTNERED WITH OTHERS TO DEVELOP PROJECTS AND LOCATE SOURCES OF FUNDING FOR PROGRAMS

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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 $581,236

Program Service Revenue $22,800

Investment Income $460

Other Revenue $35,972

TOTAL REVENUE $640,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $170,632

Fundraising Expenses $0

Program Expenses $472,930

Other Expenses $344,357

TOTAL EXPENSES $514,989

Year-over-Year Comparison

	2024	2023	Change
Revenue	$640,468	$254,653	+1.5%
Expenses	$514,989	$292,445	+0.8%
Net Income	$125,479	$-37,792	-4.3%

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

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
LAUREN BISHOP	DIRECTOR	1.00	Director	$0	$0	$0
TOMMY CABE	DIRECTOR	1.00	Director	$0	$0	$0
BILL EAKER	DIRECTOR	1.00	Director	$0	$0	$0
MARK ETHRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
JESSE FOWLER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
TIM GARRETT	TREASURER	2.00	Officer Director	$0	$0	$0
ANDREW ISENHOWER	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE KLIMEK	PRESIDENT	2.00	Officer Director	$0	$0	$0
YVONNE KOLOMECHUK	DIRECTOR	1.00	Director	$0	$0	$0
HANNI MUERDTER	DIRECTOR	1.00	Director	$0	$0	$0
CORY NUCKOLLS	DIRECTOR	1.00	Director	$0	$0	$0
KEIFFER OWEN	DIRECTOR	1.00	Director	$0	$0	$0
MARTY PREVOST	DIRECTOR	1.00	Director	$0	$0	$0
ERIC WERNER	SECRETARY	2.00	Officer Director	$0	$0	$0
BILL YARBOROUGH	DIRECTOR	1.00	Director	$0	$0	$0
PRESTON JACOBSEN	EXECUTIVE DI	40.00	Officer	$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
2024	$640,468	$514,989	$328,597	$125,479
2023	$254,653	$292,445	$203,134	$-37,792
2022	$231,119	$266,406	$243,975	$-35,287
2021	$349,003	$285,156	$279,066	$63,847
2020	$285,884	$258,119	$215,357	$27,765
2019	$297,513	$287,139	$187,492	$10,374
2018	$263,295	$286,222	$168,638	$-22,927