FREENY WATER ASSOCIATION (EIN 621373723) - 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

1968

Legal Domicile

Principal Officer

H V NEAL

Phone

6012678266

Tax Period

2024-07-01 to 2025-06-30

FREENY WATER ASSOCIATION, founded in 1968, is a small nonprofit that reported $839K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $177K, a strong 21% operating margin.

Mission

PROVIDES WATER FOR APPROXIMATELY TWO THOUSAND MEMBERS.

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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 $0

Program Service Revenue $807,945

Investment Income $30,856

Other Revenue $0

TOTAL REVENUE $838,801

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,486

Fundraising Expenses $0

Program Expenses $661,951

Other Expenses $461,465

TOTAL EXPENSES $661,951

Year-over-Year Comparison

	2024	2023	Change
Revenue	$838,801	$767,870	+0.1%
Expenses	$661,951	$607,470	+0.1%
Net Income	$176,850	$160,400	+0.1%

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

2041

Independent Members

2041

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

$3,900

Total Directors

$6,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH CLAYTON	DIRECTOR	1.00	Director	$1,300	$0	$1,300
PHILIP CROSBY	VICE PRESIDE	1.00	Officer Director	$1,300	$0	$1,300
LERAN EALY	DIRECTOR	1.00	Director	$1,300	$0	$1,300
H V NEAL	PRESIDENT	1.00	Officer Director	$1,300	$0	$1,300
JAMEY JOHNSON	SECRETARY	1.00	Officer Director	$650	$0	$650
LINDA TERRELL	SECRETARY	1.00	Officer Director	$650	$0	$650

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
2025	$838,801	$661,951	$2,939,167	$176,850
2024	No data	No data	No data	No data
2023	$760,554	$609,764	$2,794,280	$150,790
2022	$661,623	$594,208	$2,810,640	$67,415
2021	$660,065	$570,594	$2,910,710	$89,471
2020	$660,442	$586,519	$2,982,638	$73,923
2019	$662,360	$554,183	$3,057,634	$108,177

FREENY WATER ASSOCIATION