OKATOMA WATER ASSOCIATION (EIN 640470084) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1966

Legal Domicile

Principal Officer

DANNY KING

Phone

6017332363

Tax Period

2023-07-01 to 2024-06-30

OKATOMA WATER ASSOCIATION, founded in 1966, is a community nonprofit in the Public & Societal Benefit sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $658K, a strong 28% operating margin.

Mission

OPERATION OF A RURAL WATER SYSTEM

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $432,248

Program Service Revenue $1,829,962

Investment Income $52,041

Other Revenue $23,487

TOTAL REVENUE $2,337,738

Expense Breakdown

Grants Paid $0

Salaries & Benefits $706,074

Fundraising Expenses $0

Other Expenses $973,204

TOTAL EXPENSES $1,679,278

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,337,738	$1,769,900	+0.3%
Expenses	$1,679,278	$1,607,619	+0.0%
Net Income	$658,460	$162,281	+3.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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
LARRY BARNES	DIRECTOR	N/A	Director	$0	$0	$0
PAUL COCKRELL	DIRECTOR	N/A	Director	$0	$0	$0
ETHEL COLEMAN	SECRETARY	N/A	Officer Director	$0	$0	$0
DOYLE ETHERIDGE	DIRECTOR	N/A	Director	$0	$0	$0
HENRY JONES	DIRECTOR	N/A	Director	$0	$0	$0
DANNY KING	PRESIDENT	N/A	Officer Director	$0	$0	$0
KASH MILLER	DIRECTOR	N/A	Director	$0	$0	$0
GARY NICHOLS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
SHANNON POWELL	DIRECTOR	N/A	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	No data	No data	No data	No data
2024	$2,337,738	$1,679,278	$8,939,057	$658,460
2023	$1,769,900	$1,607,619	$8,085,606	$162,281
2022	$1,724,270	$1,451,795	$7,929,628	$272,475
2021	$1,824,011	$1,356,405	$8,081,180	$467,606
2020	$1,744,310	$1,432,612	$7,317,923	$311,698
2019	$1,681,830	$1,308,581	$6,746,570	$373,249

OKATOMA WATER ASSOCIATION