OZELLO WATER ASSOCIATION INC (EIN 591208603) - 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

1967

Legal Domicile

Principal Officer

MICHAEL WHETSTONE

Phone

3527955331

Tax Period

2024-09-01 to 2025-08-31

OZELLO WATER ASSOCIATION INC, founded in 1967, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Net assets of $4.9M represent 34 months of operating reserves.

Mission

TO PROVIDE WATER SERVICE TO THE UNINCORPORATED AREA OF OZELLO, 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 $1,690,229

Investment Income $7,204

Other Revenue $0

TOTAL REVENUE $1,697,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $748,323

Fundraising Expenses $0

Other Expenses $954,594

TOTAL EXPENSES $1,702,917

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,697,433	$1,405,887	+0.2%
Expenses	$1,702,917	$1,562,561	+0.1%
Net Income	$-5,484	$-156,674	-1.0%

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
DANIEL DEVILLEZ	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN MURPHY	FINANCIAL DI	N/A	Director	$0	$0	$0
MICHAEL ROSSELET	DIRECTOR	N/A	Officer Director	$0	$0	$0
TONIA COOK	SEC / TREASU	N/A	Officer	$0	$0	$0
PETER VANDENBERGH	VICE PRESIDE	N/A	Officer	$0	$0	$0
MICHAEL WHETSTONE	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
2025	$1,697,433	$1,702,917	$5,089,791	$-5,484
2024	$1,405,887	$1,562,561	$5,127,797	$-156,674
2023	$1,400,521	$1,476,304	$5,248,624	$-75,783
2022	$1,301,621	$1,316,180	$5,304,900	$-14,559
2021	$1,299,420	$1,399,031	$5,323,992	$-99,611
2020	$1,287,333	$1,284,540	$5,379,869	$2,793
2019	$1,210,168	$1,165,211	$5,383,361	$44,957
2018	$1,265,465	$1,212,303	$5,327,525	$53,162

OZELLO WATER ASSOCIATION INC