COLLINSVILLE WATER ASSOCIATION INC (EIN 640439171) - 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

1964

Legal Domicile

Principal Officer

JACK COOK

Phone

6016935919

Tax Period

2024-07-01 to 2025-06-30

COLLINSVILLE WATER ASSOCIATION INC, founded in 1964, is a small nonprofit in the Mutual Benefit sector that reported $980K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $420K, a strong 43% operating margin.

Mission

WATER 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 (2024)

Revenue Breakdown

Contributions & Grants $97,650

Program Service Revenue $831,674

Investment Income $50,196

Other Revenue $110

TOTAL REVENUE $979,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $144,882

Fundraising Expenses $0

Program Expenses $559,925

Other Expenses $415,042

TOTAL EXPENSES $559,924

Year-over-Year Comparison

	2024	2023	Change
Revenue	$979,630	$839,822	+0.2%
Expenses	$559,924	$513,531	+0.1%
Net Income	$419,706	$326,291	+0.3%

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
JACK COOK	PRESIDENT	5.00	Officer Director	$0	$0	$0
MIKE SHELBY	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
JOE WILLIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
BOB LAWSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RICKY MCKAY	BOARD MEMBER	2.00	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
2025	$979,630	$559,924	$3,386,665	$419,706
2024	$839,822	$513,531	$3,001,768	$326,291
2023	$777,179	$499,040	$2,680,473	$278,139
2022	$728,175	$510,042	$2,583,308	$218,133

COLLINSVILLE WATER ASSOCIATION INC