SMITH CROSSING WATER ASSOCIATION INC (EIN 640474972) - 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

Principal Officer

JOHN KILPATRICK

Tax Period

2024-01-01 to 2024-12-31

SMITH CROSSING WATER ASSOCIATION INC is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $307K, a strong 26% operating margin.

Mission

PRODUCTION OF WATER FOR RURAL WATER CUSTOMERS.

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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 $207,562

Program Service Revenue $916,532

Investment Income $51,970

Other Revenue $4,766

TOTAL REVENUE $1,180,830

Expense Breakdown

Grants Paid $0

Salaries & Benefits $326,955

Fundraising Expenses $0

Program Expenses $873,781

Other Expenses $546,826

TOTAL EXPENSES $873,781

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,180,830	$980,559	+0.2%
Expenses	$873,781	$915,941	0.0%
Net Income	$307,049	$64,618	+3.8%

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

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

$5,650

Total Directors

$14,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN KILPATRICK	PRESIDENT	1.00	Officer Director	$3,600	$0	$3,600
JIMMIE ADCOX	DIRECTOR	1.00	Director	$2,150	$0	$2,150
ROCHEA JOHNSON	VICE PRESIDE	1.00	Officer Director	$2,050	$0	$2,050
LEEANNE LEWIS	SECRETARY	1.00	Director	$2,050	$0	$2,050
LOUIS MCGEE	DIRECTOR	1.00	Director	$1,800	$0	$1,800
JOHNNY C RANKIN	DIRECTOR	1.00	Director	$1,800	$0	$1,800
GEORGE WARREN	DIRECTOR	1.00	Director	$1,500	$0	$1,500

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	$1,180,830	$873,781	$3,479,874	$307,049
2023	$980,559	$915,941	$3,069,648	$64,618
2022	$864,965	$781,657	$3,003,215	$83,308
2021	$804,239	$732,065	$2,927,193	$72,174
2020	$778,315	$729,263	$2,844,502	$49,052
2019	$724,585	$686,821	$2,795,676	$37,764
2018	$738,261	$692,908	$2,765,606	$45,353

SMITH CROSSING WATER ASSOCIATION INC