HARMONTOWN WATER ASSOCIATION (EIN 640474791) - 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

1969

Legal Domicile

Principal Officer

LAWRENCE TRINE III

Phone

9014909612

Tax Period

2024-07-01 to 2025-06-30

HARMONTOWN WATER ASSOCIATION, founded in 1969, is a small nonprofit that reported $282K in total revenue in fiscal year 2024.

Mission

TO PROVIDE SAFE CLEAN WATER TO RURAL 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $270,843

Investment Income $1,563

Other Revenue $9,817

TOTAL REVENUE $282,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,918

Fundraising Expenses $0

Other Expenses $218,080

TOTAL EXPENSES $286,998

Year-over-Year Comparison

	2024	2023	Change
Revenue	$282,223	$285,859	0.0%
Expenses	$286,998	$254,336	+0.1%
Net Income	$-4,775	$31,523	-1.2%

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

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

$50,305

Total Directors

$50,305

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAWRENCE TRINE III	PRESIDENT	20.00	Officer Director	$26,305	$0	$26,305
MARY CLAY	SECRETARY/TR	20.00	Officer Director	$24,000	$0	$24,000
PAMELA ARENDALE	SECRETARY	N/A	Officer Director	$0	$0	$0
LEE BEACH	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
REANON HUGHES	DIRECTOR	N/A	Director	$0	$0	$0
MELANIE TODD	TREASURER	N/A	Officer 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	$282,223	$286,998	$285,486	$-4,775
2024	$285,859	$254,336	$285,128	$31,523
2023	$221,675	$251,954	$262,485	$-30,279
2022	$208,101	$196,657	$300,986	$11,444
2021	$163,106	$169,813	$296,668	$-6,707
2020	$127,766	$181,508	$311,264	$-53,742
2019	$97,401	$117,084	$371,301	$-19,683

HARMONTOWN WATER ASSOCIATION