LAKE VILLAGE WATER ASSOCIATION INC (EIN 610716901) - 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

1973

Legal Domicile

Principal Officer

JAMES BOYD

Phone

8597485642

Tax Period

2024-01-01 to 2024-12-31

LAKE VILLAGE WATER ASSOCIATION INC, founded in 1973, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

THE ORGANIZATION'S SOLE MISSION IS THE SALE OF WATER TO RURAL CUSTOMERS.

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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 $52,500

Program Service Revenue $41,400

Investment Income $7,921

Other Revenue $1,210,817

TOTAL REVENUE $1,312,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $610,625

Fundraising Expenses $0

Other Expenses $740,724

TOTAL EXPENSES $1,351,349

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,312,638	$1,533,131	-0.1%
Expenses	$1,351,349	$1,225,707	+0.1%
Net Income	$-38,711	$307,424	-1.1%

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

$18,000

Total Directors

$30,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNY CAREY	VICE CHAIR	2.00	Officer Director	$6,000	$0	$6,000
ANDREA GROSS	SEC/TREAS	2.00	Officer Director	$6,000	$0	$6,000
JAMES BOYD	CHAIRMAN	2.00	Officer Director	$6,000	$0	$6,000
JEFF HUGHES	DIRECTOR	2.00	Director	$6,000	$0	$6,000
THOMAS HAGER	DIRECTOR	2.00	Director	$6,000	$0	$6,000
MIKE SANFORD	EXECUTIVE DIRECTOR	40.00	Highest	$127,679	$0	$127,679

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	$1,312,638	$1,351,349	$7,084,706	$-38,711
2023	$1,533,131	$1,225,707	$7,093,383	$307,424
2022	$966,719	$1,169,678	$5,017,414	$-202,959
2021	$987,516	$1,143,427	$5,315,664	$-155,911
2020	$936,392	$1,160,117	$5,506,238	$-223,725
2019	$950,160	$1,173,551	$5,815,116	$-223,391
2018	$877,086	$1,199,957	$5,980,579	$-322,871

LAKE VILLAGE WATER ASSOCIATION INC