SOUTH SHORE WATER ASSOCIATION INC (EIN 591141578) - 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

1966

Legal Domicile

Principal Officer

DWIGHT HATFIELD

Phone

8639832323

Tax Period

2024-01-01 to 2024-12-31

SOUTH SHORE WATER ASSOCIATION INC, founded in 1966, is a small nonprofit that reported $683K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $655K left a modest 4% surplus.

Mission

THE ASSOCIATION'S EXEMPT PURPOSE IS TO PROVIDE WATER SERVICES TO A RURAL AREA.

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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 $0

Investment Income $32,300

Other Revenue $650,933

TOTAL REVENUE $683,233

Expense Breakdown

Grants Paid $0

Salaries & Benefits $309,651

Fundraising Expenses $0

Other Expenses $345,807

TOTAL EXPENSES $655,458

Year-over-Year Comparison

	2024	2023	Change
Revenue	$683,233	$526,380	+0.3%
Expenses	$655,458	$630,646	+0.0%
Net Income	$27,775	$-104,266	-1.3%

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

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
DWIGHT HATFIELD	DIRECTOR	N/A	Officer	$0	$0	$0
TIMOTHY LOWMAN	DIRECTOR	N/A	Officer	$0	$0	$0
LINDA PELHAM	DIRECTOR	N/A	Officer	$0	$0	$0
TOMMY PERRY	PRESIDENT	N/A	Officer	$0	$0	$0
MORRIS RIDGDILL	DIRECTOR	N/A	Officer	$0	$0	$0
WAYNE C SMITH	VICE PRESIDE	N/A	Officer	$0	$0	$0
STEVE STILES	DIRECTOR	N/A	Officer	$0	$0	$0
AMY SWINDLE	SEC - TREAS	N/A	Officer	$0	$0	$0
H DYOLL TURNER	DIRECTOR	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	$683,233	$655,458	$2,670,272	$27,775
2023	$526,380	$630,646	$2,628,375	$-104,266
2022	$632,920	$566,269	$2,736,783	$66,651
2021	$555,057	$539,632	$2,673,495	$15,425
2020	$520,664	$466,888	$2,670,910	$53,776
2019	$536,855	$427,189	$2,623,651	$109,666
2018	$431,363	$468,983	$2,596,503	$-37,620

SOUTH SHORE WATER ASSOCIATION INC