WEST LAUREL WATER ASSOCIATION INC (EIN 611039994) - 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

JOHN GILL

Phone

6068789420

Tax Period

2024-01-01 to 2024-12-31

WEST LAUREL WATER ASSOCIATION INC, founded in 1970, is a community nonprofit in the Mutual Benefit sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 25% operating margin.

Mission

WE PROVIDE WATER UTILITY SERVICES TO MEMBERS IN WESTERN LAUREL 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 $835,957

Program Service Revenue $3,155,438

Investment Income $28,913

Other Revenue $100,237

TOTAL REVENUE $4,120,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,820

Fundraising Expenses $0

Other Expenses $3,056,294

TOTAL EXPENSES $3,096,114

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,120,545	$3,104,839	+0.3%
Expenses	$3,096,114	$2,945,560	+0.1%
Net Income	$1,024,431	$159,279	+5.4%

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

$36,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN GILL	PRESIDENT	10.00	Officer	$12,300	$0	$12,300
MONTY TURNER	SECRETARY/TR	10.00	Officer	$12,300	$0	$12,300
JAY WILLIAMS	VICE-PRESIDE	10.00	Officer	$12,300	$0	$12,300

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	$4,120,545	$3,096,114	$8,139,430	$1,024,431
2023	$3,104,839	$2,945,560	$7,223,916	$159,279
2022	$2,881,649	$2,824,435	$7,161,296	$57,214
2021	$2,712,671	$2,785,736	$7,194,602	$-73,065
2020	$2,659,858	$2,814,340	$7,354,135	$-154,482

WEST LAUREL WATER ASSOCIATION INC