WESTOVER WATER ASSOCIATION INC WESTOVER WATER ASSOCIATION (EIN 640468112) - 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

1967

Legal Domicile

Principal Officer

WALTER LOCKE

Tax Period

2025-01-01 to 2025-12-31

WESTOVER WATER ASSOCIATION INC WESTOVER WATER ASSOCIATION, founded in 1967, is a small nonprofit that reported $707K in total revenue in fiscal year 2025. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $298K, a strong 42% operating margin.

Mission

PROVIDE SAFE DRINKING 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $600,145

Investment Income $12,991

Other Revenue $93,855

TOTAL REVENUE $706,991

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,315

Fundraising Expenses $0

Other Expenses $378,080

TOTAL EXPENSES $409,395

Year-over-Year Comparison

	2025	2024	Change
Revenue	$706,991	$558,306	+0.3%
Expenses	$409,395	$350,482	+0.2%
Net Income	$297,596	$207,824	+0.4%

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

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
WALTER LOCKE	PRESIDENT	15.00	Officer Director	$0	$0	$0
ANTHONY BLAKE	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
ROY BUNCH	SECRETARY	10.00	Officer Director	$0	$0	$0
JULIAN SMITH	TRUSTEE	5.00	Director	$0	$0	$0
STEVE CROWE	TRUSTEE	5.00	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	$706,991	$409,395	$4,030,700	$297,596
2024	$558,306	$350,482	$3,781,097	$207,824
2023	$337,295	$349,097	$3,639,291	$-11,802
2022	$313,370	$340,688	$3,685,248	$-27,318
2021	$280,413	$344,920	$3,759,969	$-64,507
2020	$350,178	$340,761	$3,860,627	$9,417
2019	$1,088,165	$446,214	$3,886,950	$641,951
2018	$283,302	$308,674	$3,562,014	$-25,372

WESTOVER WATER ASSOCIATION INC WESTOVER WATER ASSOCIATION