MILLENNIUM WATER ASSOCIATION (EIN 566083071) - 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

MICHAEL VAUGHAN

Phone

2523460031

Tax Period

2024-01-01 to 2024-12-31

MILLENNIUM WATER ASSOCIATION, founded in 1964, is a small nonprofit in the Mutual Benefit sector that reported $272K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE WATER TO MEMBERS OF THE CORPORATION

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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 $3,723

Program Service Revenue $267,795

Investment Income $14

Other Revenue $0

TOTAL REVENUE $271,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,074

Fundraising Expenses $0

Other Expenses $274,169

TOTAL EXPENSES $291,243

Year-over-Year Comparison

	2024	2023	Change
Revenue	$271,532	$245,458	+0.1%
Expenses	$291,243	$264,547	+0.1%
Net Income	$-19,711	$-19,089	+0.0%

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
BECKY TURNER	ORC OPERATOR	N/A	Director	$0	$0	$0
LINDA WEBB	SECRETARY/TR	N/A	Director	$0	$0	$0
EDDIE DREW	MEMBER	N/A	Officer	$0	$0	$0
BRIAN LASSITER	MEMBER	N/A	Officer	$0	$0	$0
MICHAEL LASSITER	VICE PRESIDE	N/A	Officer	$0	$0	$0
STEVEN LASSITER	MEMBER	N/A	Officer	$0	$0	$0
MICHAEL VAUGHAN	PRESIDENT	N/A	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	$271,532	$291,243	$552,561	$-19,711
2023	$245,458	$264,547	$461,554	$-19,089
2022	$236,227	$277,080	$509,757	$-40,853
2021	$228,528	$283,766	$529,862	$-55,238
2020	$245,187	$262,609	$617,097	$-17,422
2019	$248,111	$270,634	$574,126	$-22,523
2018	$292,811	$276,422	$698,892	$16,389

MILLENNIUM WATER ASSOCIATION