BUFFALO WATER ASSOCIATION INC (EIN 640504487) - 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

ELLIOTT HAMMOCK

Phone

6018886977

Tax Period

2024-07-01 to 2025-06-30

BUFFALO WATER ASSOCIATION INC, founded in 1968, is a small nonprofit in the Mutual Benefit sector that reported $232K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $207K left a modest 11% surplus.

Mission

RURAL WATER 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 $228,177

Investment Income $3,441

Other Revenue $0

TOTAL REVENUE $231,618

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,780

Fundraising Expenses $0

Program Expenses $206,732

Other Expenses $166,952

TOTAL EXPENSES $206,732

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,618	$244,866	-0.1%
Expenses	$206,732	$259,998	-0.2%
Net Income	$24,886	$-15,132	-2.6%

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

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

$16,704

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALLY CAVIN	DIRECTOR	5.00	Director	$16,704	$0	$16,704
ELLIOTT HAMMACK	PRESIDENT	5.00	Officer Director	$0	$0	$0
DUDLEY CARTER	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
CHARLES HENYARD	DIRECTOR	0.00	Director	$0	$0	$0
JEFFREY KNIGHT	DIRECTOR	0.00	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
2025	$231,618	$206,732	$967,718	$24,886
2024	$244,866	$259,998	$975,652	$-15,132
2023	$196,401	$283,102	$1,012,583	$-86,701
2022	$187,403	$225,280	$1,119,369	$-37,877
2021	$186,379	$293,172	$1,624,235	$-106,793
2020	$164,317	$168,501	$1,272,388	$-4,184
2019	$162,977	$184,217	$1,289,039	$-21,240

BUFFALO WATER ASSOCIATION INC