WESTERN ROCKCASTLE WATER ASSCO INC (EIN 610904314) - 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

1972

Legal Domicile

Principal Officer

PAULA DEBORDE

Phone

6062568283

Tax Period

2023-01-01 to 2023-12-31

WESTERN ROCKCASTLE WATER ASSCO INC, founded in 1972, is a community nonprofit in the Mutual Benefit sector that reported $2.2M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $2.5M exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVIDING WATER SOURCES AND SERVICES TO WESTERN ROCKCASTLE CUSTOMERS THAT ARE LOCATED IN ROCKCASTLE COUNTY AND SURROUNDING COUNTINES IN 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,971,227

Investment Income $2,708

Other Revenue $235,350

TOTAL REVENUE $2,209,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $625,195

Fundraising Expenses $0

Other Expenses $1,850,481

TOTAL EXPENSES $2,475,676

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,209,285	$2,556,629	-0.1%
Expenses	$2,475,676	$2,499,304	0.0%
Net Income	$-266,391	$57,325	-5.6%

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

N/A

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

$91,566

Total Directors

$36,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA DEBORDE	EXXCUTIVE DI	40.00	Officer	$69,966	$0	$69,966
EDDIE J HAMM	PRESIDENT	1.00	Officer Director	$7,200	$0	$7,200
ALBERT MARTIN	BOARD MEMBER	1.00	Director	$7,200	$0	$7,200
JULIE PIGG	SECRETARY/TR	1.00	Officer Director	$7,200	$0	$7,200
DARRELL WHITAKER	VICE PRESIDE	1.00	Officer Director	$7,200	$0	$7,200
JERRY WOODALL	BOARD MEMBER	1.00	Director	$7,200	$0	$7,200

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	No data	No data	No data	No data
2023	$2,209,285	$2,475,676	$6,047,453	$-266,391
2022	$2,556,629	$2,499,304	$6,374,167	$57,325
2021	$2,109,846	$2,287,391	$7,209,280	$-177,545
2020	$2,059,338	$2,225,761	$7,133,061	$-166,423
2019	$2,064,814	$2,337,930	$7,361,450	$-273,116
2018	$1,997,455	$1,956,517	$7,618,104	$40,938

WESTERN ROCKCASTLE WATER ASSCO INC