SOUTHEASTERN WATER ASSOCIATION INC (EIN 611282354) - 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

1993

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

SOUTHEASTERN WATER ASSOCIATION INC, founded in 1993, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2023. The organization ran a surplus of $891K, a strong 16% operating margin.

Mission

TO PROVIDE WATER SUPPLY AND SERVICES TO THE MEMBERS OF THE ASSOCIATION

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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 $163,138

Program Service Revenue $5,194,768

Investment Income $94,683

Other Revenue $226,569

TOTAL REVENUE $5,679,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $639,279

Fundraising Expenses $0

Program Expenses $4,453,231

Other Expenses $4,149,376

TOTAL EXPENSES $4,788,655

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,679,158	N/A	N/A
Expenses	$4,788,655	N/A	N/A
Net Income	$890,503	N/A	N/A

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
MARK O DAVIS	DIRECTOR	5.00	Director	$0	$0	$0
GRANT TREADO	DIRECTOR	5.00	Director	$0	$0	$0
DENNIS R FAULKNER	DIRECTOR	5.00	Director	$0	$0	$0
DWIGHT FAULKNER	DIRECTOR	5.00	Director	$0	$0	$0
BOBBY CROW	DIRECTOR	5.00	Director	$0	$0	$0
ERNEST STOUT JR	DIRECTOR	5.00	Director	$0	$0	$0
JOE D CRAWFORD	DIRECTOR	5.00	Director	$0	$0	$0
WADE BUMGARDNER	DIRECTOR	5.00	Director	$0	$0	$0
MORRIS VAUGHN	MANAGER	40.00	Highest	$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	No data	No data	No data	No data
2023	$5,679,158	$4,788,655	$30,607,991	$890,503
2022	$5,680,102	$5,036,694	$31,125,318	$643,408
2021	$5,722,292	$4,656,360	$31,183,377	$1,065,932
2020	$5,087,693	$4,052,819	$28,342,307	$1,034,874
2019	$4,310,534	$4,335,148	$27,378,132	$-24,614
2018	$2,177,958	$2,306,888	$27,719,230	$-128,930

SOUTHEASTERN WATER ASSOCIATION INC