CLARA WATER ASSOCIATION (EIN 640467281) - 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 DEAN

Phone

6017352428

Tax Period

2024-10-01 to 2025-09-30

CLARA WATER ASSOCIATION, founded in 1965, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 353% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 80% operating margin.

Mission

CONSTRUCTING, MAINTAINING, OPERATING A WATER SYSTEM FOR CLARA 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 $2,011,350

Program Service Revenue $448,883

Investment Income $9,279

Other Revenue $6,697

TOTAL REVENUE $2,476,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,927

Fundraising Expenses $0

Other Expenses $294,146

TOTAL EXPENSES $486,073

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,476,209	$546,485	+3.5%
Expenses	$486,073	$449,601	+0.1%
Net Income	$1,990,136	$96,884	+19.5%

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
DELORIA BRADLEY	SEC/TRES	1.00	Director	$0	$0	$0
JAMES BUSBY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT DEAN	PRESIDENT	1.00	Director	$0	$0	$0
DAVID OVERSTREET	DIRECTOR	1.00	Director	$0	$0	$0
STEVE PITTMAN	VICE-PRESIDE	1.00	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	$2,476,209	$486,073	$4,347,389	$1,990,136
2024	$546,485	$449,601	$2,424,780	$96,884
2023	$460,105	$417,902	$2,381,799	$42,203
2022	$416,564	$406,117	$2,401,485	$10,447
2021	$349,638	$370,844	$2,349,758	$-21,206
2020	$377,119	$357,853	$1,414,155	$19,266
2019	$339,076	$380,416	$1,319,730	$-41,340
2018	$306,275	$351,203	$1,372,905	$-44,928

CLARA WATER ASSOCIATION