WALLS WATER ASSOCIATION INC

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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

1965

Legal Domicile

Principal Officer

JAN KNIGHT

Phone

6627813722

Tax Period

2024-06-01 to 2025-05-31

WALLS WATER ASSOCIATION INC, founded in 1965, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.2M left a modest 13% surplus.

Mission

TO PROVIDE QUALITY WATER SERVICES TO ITS MEMBERS AND TO EXPAND AND MAINTAIN THE WATER SYSTEM.

Program Service Accomplishments

Program 1

Expenses: $2,053,108 Revenue: $2,418,145

THE ASSOCIATION PROVIDED WATER AND SEWER SERVICES TO ITS MEMBERS AND PROVIDED FOR EXPANSION AND MAINTENANCE OF THE SYSTEM.

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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 $2,418,145

Investment Income $149,797

Other Revenue $0

TOTAL REVENUE $2,567,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $195,515

Fundraising Expenses $0

Program Expenses $2,053,108

Other Expenses $2,046,143

TOTAL EXPENSES $2,241,658

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,567,942	$2,362,924	+0.1%
Expenses	$2,241,658	$2,163,117	+0.0%
Net Income	$326,284	$199,807	+0.6%

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

$11,550

Total Directors

$15,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES NORMAN	DIRECTOR	1.00	Director	$1,900	$0	$1,900
LEE MURPHY	VICE-PRESIDENT	1.00	Officer Director	$1,600	$0	$1,600
JAN KNIGHT	TREASURER	1.00	Officer Director	$1,825	$0	$1,825
RONALD JAMES	PRESIDENT	10.00	Officer Director	$8,125	$0	$8,125
CINDY SCOTT	DIRECTOR	1.00	Director	$1,900	$0	$1,900

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	$2,567,942	$2,241,658	$13,012,290	$326,284
2024	$2,362,924	$2,163,117	$12,659,595	$199,807
2023	$2,170,805	$1,870,766	$11,056,605	$300,039
2022	$2,436,422	$1,390,005	$10,627,565	$1,046,417
2021	$1,994,147	$1,399,156	$9,990,143	$594,991
2020	$1,424,874	$1,485,265	$9,401,010	$-60,391
2019	$1,468,548	$1,249,525	$9,582,532	$219,023