RIVER PARK UTILITIES MANAGEMENT ASSOCIAT (EIN 593108001) - 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

1992

Legal Domicile

Principal Officer

JOHN JACKSON

Phone

3864679113

Tax Period

2023-10-01 to 2024-09-30

RIVER PARK UTILITIES MANAGEMENT ASSOCIAT, founded in 1992, is a small nonprofit that reported $505K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Net assets of $2.0M represent 48 months of operating reserves.

Mission

THE ORGANIZATION PROVIDES WATER AND WASTEWATER SERVICES TO THE RESIDENT MEMBERS OF RIVER PARK SUBDIVISION. THESE SERVICES WOULD NOT OTHERWISE BE AVAILABLE TO THESE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $497,046

Investment Income $7,947

Other Revenue $0

TOTAL REVENUE $504,993

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,069

Fundraising Expenses $0

Program Expenses $471,713

Other Expenses $421,524

TOTAL EXPENSES $527,593

Year-over-Year Comparison

	2023	2022	Change
Revenue	$504,993	$554,218	-0.1%
Expenses	$527,593	$537,607	0.0%
Net Income	$-22,600	$16,611	-2.4%

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
BOBBY CARTWRIGHT	PRESIDENT	1.00	Director	$0	$0	$0
CONNIE HOLLEY	VICE PRESIDENT	1.00	Director	$0	$0	$0
MARY HARREL	TREASURER	1.00	Director	$0	$0	$0
MANCY KOWALSKI	SECRETARY	1.00	Director	$0	$0	$0
ROBERT JODWAY	DIRECTOR	1.00	Director	$0	$0	$0
LOGAN DICKERSON	DIRECTOR	1.00	Director	$0	$0	$0
DON HAWTHORN	DIRECTOR	1.00	Director	$0	$0	$0
PEGGY ANNICH	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
2024	$504,993	$527,593	$3,339,498	$-22,600
2023	$554,218	$537,607	$3,414,162	$16,611
2022	$461,450	$535,290	$3,450,501	$-73,840
2021	$475,602	$504,225	$3,575,111	$-28,623
2020	$450,547	$539,169	$3,653,990	$-88,622
2019	$425,914	$475,191	$3,788,084	$-49,277
2018	$420,382	$467,821	$3,885,287	$-47,439

RIVER PARK UTILITIES MANAGEMENT ASSOCIAT