NESBIT WATER ASSOCIATION (EIN 640439565) - 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

Principal Officer

DAVID MARK HARRIS

Phone

6014298800

Tax Period

2024-10-01 to 2025-09-30

NESBIT WATER ASSOCIATION is a community nonprofit that reported $4.8M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.7M, a strong 76% operating margin.

Mission

PROVIDE WATER TO ASSOCIATION 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 $1,645,889

Program Service Revenue $3,165,057

Investment Income $32,831

Other Revenue $0

TOTAL REVENUE $4,843,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $394,610

Fundraising Expenses $0

Other Expenses $791,279

TOTAL EXPENSES $1,185,889

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,843,777	$3,370,237	+0.4%
Expenses	$1,185,889	$947,215	+0.3%
Net Income	$3,657,888	$2,423,022	+0.5%

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
TOMMY COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
PERRY DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
RANDALL BARNES	SECY/TREAS	1.00	Officer	$0	$0	$0
DAVID MARK HARRIS	PRESIDENT	1.00	Officer	$0	$0	$0
LAWRENCE LOOMIS	VICE PRESIDE	1.00	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	$4,843,777	$1,185,889	$14,753,545	$3,657,888
2024	$3,370,237	$947,215	$9,659,275	$2,423,022
2023	$1,294,823	$894,077	$6,124,557	$400,746
2022	$1,115,682	$704,345	$5,800,751	$411,337
2021	$1,033,721	$636,340	$5,455,906	$397,381
2020	$970,826	$578,744	$5,119,791	$392,082
2019	$892,013	$558,679	$4,798,760	$333,334

NESBIT WATER ASSOCIATION