DOUBLE PONDS WATER ASSOCIATION (EIN 640478760) - 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

1968

Legal Domicile

Principal Officer

TOMMY WALKER

Phone

6017928631

Tax Period

2023-06-01 to 2024-05-31

DOUBLE PONDS WATER ASSOCIATION, founded in 1968, is a small nonprofit in the Public & Societal Benefit sector that reported $580K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $2.9M represent 61 months of operating reserves.

Mission

PROVIDE WATER SERVICES TO MEMBERS OF THE ASSOCIATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $501,681

Investment Income $7,535

Other Revenue $71,000

TOTAL REVENUE $580,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $196,463

Fundraising Expenses $0

Program Expenses $627,884

Other Expenses $431,421

TOTAL EXPENSES $627,884

Year-over-Year Comparison

	2023	2022	Change
Revenue	$580,216	$517,552	+0.1%
Expenses	$627,884	$587,765	+0.1%
Net Income	$-47,668	$-70,213	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY GHOLAR	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
CALVIN GRAVES	SECRETARY	N/A	Officer Director	$0	$0	$0
JOYCELYN RAGSDALE	DIRECTOR	N/A	Director	$0	$0	$0
KATY WALKER	DIRECTOR	N/A	Director	$0	$0	$0
TOMMY WALKER	PRESIDENT	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	No data	No data	No data	No data
2024	$580,216	$627,884	$4,843,650	$-47,668
2023	$517,552	$587,765	$4,908,991	$-70,213
2022	$533,076	$576,741	$5,020,398	$-43,665
2021	$856,120	$468,142	$5,096,761	$387,978
2020	$672,245	$541,147	$4,725,581	$131,098

DOUBLE PONDS WATER ASSOCIATION