TAYLORSVILLE WATER ASSOCIATION INC (EIN 640444263) - 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

ROBERT SUTTON JR

Phone

6018249726

Tax Period

2024-01-01 to 2024-12-31

TAYLORSVILLE WATER ASSOCIATION INC, founded in 1965, is a small nonprofit that reported $309K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Net assets of $1.7M represent 65 months of operating reserves.

Mission

PROVIDED QUALITY WATER SERVICE TO THE COMMUNITY

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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 $300,395

Investment Income $8,875

Other Revenue $0

TOTAL REVENUE $309,270

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,785

Fundraising Expenses $0

Other Expenses $264,994

TOTAL EXPENSES $310,779

Year-over-Year Comparison

	2024	2023	Change
Revenue	$309,270	$370,192	-0.2%
Expenses	$310,779	$287,311	+0.1%
Net Income	$-1,509	$82,881	-1.0%

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
VERNON REDD JR	OFFICER	2.00	Officer	$0	$0	$0
ROBERT SUTTON JR	OFFICER	2.00	Officer	$0	$0	$0
WALTER MURRIEL	SECRETARYTREASURER	2.00	Officer	$0	$0	$0
DAVID JONES	OFFICER	2.00	Officer	$0	$0	$0
KARL WALKER	PRESIDENT	2.00	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
2024	$309,270	$310,779	$2,239,709	$-1,509
2023	$370,192	$287,311	$1,693,221	$82,881
2022	$861,631	$866,410	$1,649,166	$-4,779
2021	$242,921	$228,165	$1,688,016	$14,756
2020	$251,230	$247,378	$1,710,962	$3,852
2019	$221,711	$216,092	$1,708,164	$5,619
2018	$194,986	$218,050	$1,525,037	$-23,064

TAYLORSVILLE WATER ASSOCIATION INC