DIXIE COMMUNITY UTILITY ASSOCIATION INC (EIN 640476190) - 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

1966

Legal Domicile

Principal Officer

DAVID ARMSTRONG

Phone

6015840875

Tax Period

2024-09-01 to 2025-08-31

DIXIE COMMUNITY UTILITY ASSOCIATION INC, founded in 1966, is a community nonprofit in the Mutual Benefit sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $1.2M left a modest 6% surplus.

Mission

WATER SERVICE IS PROVIDED TO ALL MEMBERS OF THE SYSTEM

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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 $1,270,759

Investment Income $463

Other Revenue $0

TOTAL REVENUE $1,271,222

Expense Breakdown

Grants Paid $0

Salaries & Benefits $352,485

Fundraising Expenses $0

Program Expenses $1,190,466

Other Expenses $837,981

TOTAL EXPENSES $1,190,466

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,271,222	$1,393,329	-0.1%
Expenses	$1,190,466	$1,171,057	+0.0%
Net Income	$80,756	$222,272	-0.6%

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

$13,406

Total Directors

$16,625

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAT MARTIN	TREASURER	1.00	Officer Director	$5,213	$0	$5,213
DAVID WALKER	VICE-PRESIDENT	1.00	Officer Director	$3,082	$0	$3,082
ROY TUCKER	TRUSTEE	1.00	Director	$1,977	$0	$1,977
DAVID ARMSTRONG	PRESIDENT	1.00	Officer Director	$5,111	$0	$5,111
DAVID HOGAN	TRUSTEE	1.00	Director	$1,242	$0	$1,242

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	$1,271,222	$1,190,466	$5,924,625	$80,756
2024	$1,393,329	$1,171,057	$5,864,089	$222,272
2023	$1,251,540	$1,111,407	$5,435,661	$140,133
2022	$1,153,354	$1,006,280	$4,284,308	$147,074
2021	$1,145,513	$951,540	$4,208,738	$193,973
2020	$1,158,162	$877,666	$3,964,159	$280,496
2019	$964,621	$881,227	$4,086,473	$83,394

DIXIE COMMUNITY UTILITY ASSOCIATION INC