NORTH MANCHESTER WATER ASSOC INC (EIN 610868182) - 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

1975

Legal Domicile

Principal Officer

STEVE DAVIS

Phone

6065985403

Tax Period

2023-01-01 to 2023-12-31

NORTH MANCHESTER WATER ASSOC INC, founded in 1975, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 13% operating deficit.

Mission

PROVIDE WATER TO RURAL COMMUNITY IN A DEPRESSED PART OF THE COUNTRY.

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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 $1,034,742

Investment Income $19

Other Revenue $0

TOTAL REVENUE $1,034,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $246,542

Fundraising Expenses $0

Other Expenses $925,397

TOTAL EXPENSES $1,171,939

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,034,761	$1,007,892	+0.0%
Expenses	$1,171,939	$1,086,932	+0.1%
Net Income	$-137,178	$-79,040	+0.7%

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

1963

Independent Members

1963

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
STEVE DAVIS	PRESIDENT	Officer	$0	$0	$0
CARL DAVID CRAWFORD	VICE PRESIDENT	Officer	$0	$0	$0
BOBBY WOLFE	TREASURER	Officer	$0	$0	$0
CARL HOSKINS	SECRETARY	Officer	$0	$0	$0
MICHAEL COMBS	BOARD MEMBER	Director	$0	$0	$0
HENRY SMITH	BOARD MEMBER	Director	$0	$0	$0
RODNEY JACKSON	BOARD MEMBER	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
2023	$1,034,761	$1,171,939	$2,376,644	$-137,178
2022	$1,007,892	$1,086,932	$2,528,419	$-79,040
2021	$1,024,826	$1,146,689	$2,595,466	$-121,863
2020	$936,279	$908,745	$2,749,633	$27,534
2019	$948,363	$982,545	$2,783,800	$-34,182
2018	$893,833	$914,785	$2,838,313	$-20,952

NORTH MANCHESTER WATER ASSOC INC