FLORAL CITY WATER ASSOCIATION INC (EIN 591320143) - 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

1969

Legal Domicile

Principal Officer

DOUG MASON

Phone

3527263366

Tax Period

2024-01-01 to 2024-12-31

FLORAL CITY WATER ASSOCIATION INC, founded in 1969, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 7% surplus.

Mission

THE ASSOCIATION PROVIDES WATER SERVICE TO APPROXIMATELY 2335 MEMBERS.

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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 $1,128,785

Investment Income $81,560

Other Revenue $82,669

TOTAL REVENUE $1,293,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $507,682

Fundraising Expenses $0

Program Expenses $1,196,587

Other Expenses $688,905

TOTAL EXPENSES $1,196,587

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,293,014	$1,173,204	+0.1%
Expenses	$1,196,587	$1,184,509	+0.0%
Net Income	$96,427	$-11,305	-9.5%

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

$124,797

Total Directors

$124,797

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS MASON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BARBARA DONNELLY	TREASURER	1.50	Officer Director	$0	$0	$0
JAMES JOHNSON	VICE-PRESIDENT	1.50	Officer Director	$0	$0	$0
JANIE STEWART	SECRETARY	1.00	Officer Director	$0	$0	$0
RALPH JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MITCHELTREE	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY WILSON	CEO	40.00	Officer Director	$124,797	$0	$124,797

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	$1,293,014	$1,196,587	$6,610,093	$96,427
2023	$1,173,204	$1,184,509	$6,881,214	$-11,305
2022	$1,099,883	$1,059,768	$6,972,761	$40,115
2021	$968,927	$941,516	$7,012,684	$27,411
2020	$962,541	$864,544	$7,074,103	$97,997
2019	$940,876	$921,174	$7,034,045	$19,702
2018	$926,435	$908,931	$7,088,374	$17,504

FLORAL CITY WATER ASSOCIATION INC