C & C WATER ASSOCIATION INC (EIN 640502162) - 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

1967

Legal Domicile

Principal Officer

JESSICA RASCO

Phone

6016687643

Tax Period

2023-04-01 to 2024-03-31

C & C WATER ASSOCIATION INC, founded in 1967, is a small nonprofit that reported $268K in total revenue in fiscal year 2023. Expenses of $228K left a modest 15% surplus.

Mission

WATER SALES TO RURAL RESIDENTS

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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 $261,038

Investment Income $6,909

Other Revenue $0

TOTAL REVENUE $267,947

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $182,656

Other Expenses $228,190

TOTAL EXPENSES $228,190

Year-over-Year Comparison

	2023	2022	Change
Revenue	$267,947	$253,794	+0.1%
Expenses	$228,190	$235,266	0.0%
Net Income	$39,757	$18,528	+1.1%

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

N/A

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
JESSICA RASCO	PRESIDENT	5.00	Officer Director	$0	$0	$0
VERNER RAY GATEWOOD	SECRETARY	1.00	Officer Director	$0	$0	$0
RANDY POPE	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
ROY MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
LORAINE DOZIER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS FISHER	DIRECTOR	1.00	Director	$0	$0	$0
CURTIS STEWART	DIRECTOR	1.00	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
2026	No data	No data	No data	No data
2025	No data	No data	No data	No data
2024	$267,947	$228,190	$1,352,209	$39,757
2023	$253,794	$235,266	$1,328,539	$18,528
2022	$245,285	$232,359	$1,324,665	$12,926
2021	$249,500	$220,745	$1,424,978	$28,755
2020	$233,882	$201,019	$1,453,981	$32,863
2019	$238,635	$214,744	$1,428,489	$23,891

C & C WATER ASSOCIATION INC