TAFT WATER ASSOCIATION INC DOMINY

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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

ALAN DOMINY

Phone

4078558712

Tax Period

2024-05-01 to 2025-04-30

TAFT WATER ASSOCIATION INC DOMINY, founded in 1964, is a small nonprofit that reported $408K in total revenue in fiscal year 2024. Expenses of $454K exceeded revenue, resulting in a 11% operating deficit.

Mission

ORGANIZATION PROVIDES WATER SERVICES TO RESIDENCES AND BUSINESSES IN RURAL ORLANDO, FLORIDA AREA.

Program Service Accomplishments

Program 1

Expenses: $454,098 Revenue: $398,998

ORGANIZATION PROVIDES WATER SERVICE TO ABOUT 1,200 RURAL AREA BUSINESSES AND RESIDENCES IN ORLANDO, FLORIDA.

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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 $0

Program Service Revenue $398,998

Investment Income $11,262

Other Revenue $-2,078

TOTAL REVENUE $408,182

Expense Breakdown

Grants Paid $127

Salaries & Benefits $165,480

Fundraising Expenses $0

Program Expenses $454,098

Other Expenses $288,491

TOTAL EXPENSES $454,098

Year-over-Year Comparison

	2024	2023	Change
Revenue	$408,182	$390,041	+0.0%
Expenses	$454,098	$407,152	+0.1%
Net Income	$-45,916	$-17,111	+1.7%

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

$89,250

Total Directors

$95,022

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT PIERCE	DIRECTOR	6.35	Director	$5,772	$0	$5,772
SAMUEL HARKEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALAN DOMINY	SECRETARY/TR	48.35	Officer Director	$89,250	$0	$89,250
KEITH CRENSHAW	DIRECTOR	1.00	Director	$0	$0	$0
JOY ALEXANDER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
WILLIAM PETRIK	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MICHAEL	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	$408,182	$454,098	$1,290,053	$-45,916
2024	$390,041	$407,152	$1,344,925	$-17,111
2023	$409,757	$405,759	$1,378,888	$3,998
2022	$416,956	$348,426	$1,387,330	$68,530
2021	$373,065	$348,799	$1,341,216	$24,266
2020	$380,976	$324,198	$1,248,330	$56,778
2019	$355,418	$308,355	$1,198,307	$47,063
2018	$350,807	$330,259	$1,156,138	$20,548