KIRKSVILLE WATER ASSOCIATION INC (EIN 610913668) - 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

PAUL AARON OWENS

Phone

8596241735

Tax Period

2024-01-01 to 2024-12-31

KIRKSVILLE WATER ASSOCIATION INC, founded in 1970, is a community nonprofit in the Mutual Benefit sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $4.1M represent 37 months of operating reserves.

Mission

TO SERVE THE CITIZENS OF MADISON COUNTY WHO DO NOT HAVE ACCESS TO WATER THROUGH OTHER UTILITY DISTRICTS

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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 $64,685

Program Service Revenue $1,248,752

Investment Income $7,239

Other Revenue $1,814

TOTAL REVENUE $1,322,490

Expense Breakdown

Grants Paid $0

Salaries & Benefits $279,188

Fundraising Expenses $0

Other Expenses $1,040,877

TOTAL EXPENSES $1,320,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,322,490	$1,216,911	+0.1%
Expenses	$1,320,065	$1,289,987	+0.0%
Net Income	$2,425	$-73,076	-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

$70,112

Total Directors

$16,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL AARON OWENS	MANAGER	40.00	Officer	$61,662	$0	$61,662
WAYNE LONG	CHAIRMAN	5.00	Officer Director	$4,550	$0	$4,550
WINKLER ALFRED	VICE-CHAIRMA	5.00	Officer Director	$3,900	$0	$3,900
BOBBY POWELL	TREASURER	5.00	Director	$3,900	$0	$3,900
SHANNON YOUNG	BOARD MEMBER	5.00	Director	$3,900	$0	$3,900
JOANNA JONES	SECRETARY	5.00	Officer 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	$1,322,490	$1,320,065	$4,680,762	$2,425
2023	$1,216,911	$1,289,987	$4,747,021	$-73,076
2022	$1,413,512	$1,223,821	$4,879,549	$189,691
2021	$2,383,613	$1,046,140	$4,878,304	$1,337,473
2020	$1,019,764	$998,645	$3,405,239	$21,119
2019	$990,557	$964,749	$3,434,886	$25,808
2018	$957,576	$938,416	$3,406,172	$19,160

KIRKSVILLE WATER ASSOCIATION INC