DORSEY WATER ASSOCIATION (EIN 640442647) - 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

1965

Legal Domicile

Principal Officer

FG WIYGUL

Phone

6622824406

Tax Period

2024-01-01 to 2024-12-31

DORSEY WATER ASSOCIATION, founded in 1965, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 268% from the prior year, signaling strong growth momentum. The organization ran a surplus of $969K, a strong 69% operating margin.

Mission

THE ORGANIZATION EXISTS TO OPERATE AND MAINTAIN A RURAL WATER SYSTEM TO PROVIDE CLEAN, SAFE AND AFFORDABLE WATER TO ITS 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 $972,050

Program Service Revenue $398,471

Investment Income $10,523

Other Revenue $28,969

TOTAL REVENUE $1,410,013

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,211

Fundraising Expenses $0

Program Expenses $429,356

Other Expenses $400,084

TOTAL EXPENSES $441,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,410,013	$383,121	+2.7%
Expenses	$441,295	$416,323	+0.1%
Net Income	$968,718	$-33,202	-30.2%

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
DANIEL BETHAY	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
RICKY DUNCAN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
KEITH KNIGHT	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
TIM MILES	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
ANDY TATUM	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
FG WIYGUL	PRESIDENT	N/A	Officer Director	$0	$0	$0
MEGAN WILEMON	SECRETARY	N/A	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
2024	$1,410,013	$441,295	$2,669,686	$968,718
2023	$383,121	$416,323	$1,539,764	$-33,202
2022	$332,352	$423,067	$1,572,530	$-90,715
2021	$401,819	$290,916	$1,672,073	$110,903
2020	$303,534	$283,309	$1,621,382	$20,225
2019	$384,566	$296,753	$1,600,148	$87,813
2018	$317,691	$242,470	$1,512,335	$75,221

DORSEY WATER ASSOCIATION