INDEPENDENCE WATER ASSOCIATION INC (EIN 640468397) - 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

Phone

6625632138

Tax Period

2024-10-01 to 2025-09-30

INDEPENDENCE WATER ASSOCIATION INC, founded in 1967, is a small nonprofit that reported $432K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $377K left a modest 13% surplus.

Mission

PROVIDE SAFE DRINKING WATER

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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 $431,185

Investment Income $577

Other Revenue $0

TOTAL REVENUE $431,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $376,957

Other Expenses $376,957

TOTAL EXPENSES $376,957

Year-over-Year Comparison

	2024	2023	Change
Revenue	$431,762	$343,623	+0.3%
Expenses	$376,957	$276,641	+0.4%
Net Income	$54,805	$66,982	-0.2%

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

N/A

Volunteers

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
STEVIE MCMINN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
MALCOM SELF JR	PRESIDENT	3.00	Officer	$0	$0	$0
GARROTT MILLS	DIRECTOR	3.00	Officer	$0	$0	$0
SCOOTIE MURPHREE	SECTREAS	3.00	Officer	$0	$0	$0
ROBERT WEBSTER	DIR	3.00	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	$431,762	$376,957	$1,446,726	$54,805
2024	$343,623	$276,641	$1,245,119	$66,982
2023	$323,359	$279,826	$836,174	$43,533
2022	$304,187	$249,745	$719,376	$54,442
2021	$279,862	$249,404	$695,081	$30,458
2020	$256,881	$235,105	$684,092	$21,776
2019	$264,223	$225,962	$675,957	$38,261

INDEPENDENCE WATER ASSOCIATION INC