CALHOUN WATER ASSOCIATION (EIN 640439268) - 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

Legal Domicile

Phone

6014251093

Tax Period

2024-07-01 to 2025-06-30

CALHOUN WATER ASSOCIATION is a small nonprofit in the Unknown sector that reported $862K in total revenue in fiscal year 2024. Net assets of $2.3M represent 32 months of operating reserves.

Mission

TO PROVIDE WATER SERVICE TO RESIDENTIAL AND COMMERCIAL CUSTOMERS IN THE CALHOUN AND SURROUNDING COMMUNITIES

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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 $853,312

Investment Income $8,271

Other Revenue $0

TOTAL REVENUE $861,583

Expense Breakdown

Grants Paid $0

Salaries & Benefits $362,408

Fundraising Expenses $0

Program Expenses $905,477

Other Expenses $543,069

TOTAL EXPENSES $905,477

Year-over-Year Comparison

	2024	2023	Change
Revenue	$861,583	$884,800	0.0%
Expenses	$905,477	$778,952	+0.2%
Net Income	$-43,894	$105,848	-1.4%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
JOEL BLACKWELL	Board Member	Director	$0	$0	$0
CAMERON EDWARDS	Board Member	Director	$0	$0	$0
BOBBY ASHLEY	President	Officer	$0	$0	$0
MARK BOYD	Vice President	Officer	$0	$0	$0
JAMES WALTERS	Secretary	Officer	$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	$861,583	$905,477	$2,827,372	$-43,894
2024	$884,800	$778,952	$2,906,196	$105,848
2023	$757,981	$739,001	$2,854,045	$18,980
2022	$643,562	$614,883	$2,878,582	$28,679
2021	$570,562	$488,408	$2,262,130	$82,154
2020	$532,822	$452,134	$2,170,562	$80,688
2019	$525,753	$402,800	$2,086,371	$122,953

CALHOUN WATER ASSOCIATION