LEVEE ROAD WATER ASSOCIATION INC (EIN 610736993) - 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

1970

Legal Domicile

Principal Officer

ARTIE GIBSON

Phone

8594988710

Tax Period

2024-01-01 to 2024-12-31

LEVEE ROAD WATER ASSOCIATION INC, founded in 1970, is a small nonprofit that reported $248K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Net assets of $1.2M represent 57 months of operating reserves.

Mission

LEVEE ROAD WATER ASSOCIATION PROVIDES WATER UTILITY SERVICE TO CUSTOMERS IN MONTGOMERY COUNTY, KENTUCKY

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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 $0

Investment Income $198

Other Revenue $247,824

TOTAL REVENUE $248,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,640

Fundraising Expenses $0

Other Expenses $195,576

TOTAL EXPENSES $248,216

Year-over-Year Comparison

	2024	2023	Change
Revenue	$248,022	$352,743	-0.3%
Expenses	$248,216	$253,721	0.0%
Net Income	$-194	$99,022	-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
BEVERLY CARPENTER	TREASURER	N/A	Officer Director	$0	$0	$0
RUSTY DUNN	DIRECTOR	N/A	Director	$0	$0	$0
ARTIE GIBSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
BRENDA MURPHY	SECRETARY	N/A	Officer Director	$0	$0	$0
JAMES SHIPP	DIRECTOR	N/A	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	$248,022	$248,216	$2,264,593	$-194
2023	$352,743	$253,721	$2,289,025	$99,022
2022	$406,454	$262,767	$2,212,562	$143,687
2021	$164,623	$240,803	$2,091,708	$-76,180
2020	$104,393	$189,310	$1,118,714	$-84,917
2019	$114,106	$184,993	$1,177,409	$-70,887
2018	$131,074	$191,965	$1,247,625	$-60,891

LEVEE ROAD WATER ASSOCIATION INC