HORN LAKE WATER ASSOCIATION INC (EIN 640505460) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1965

Legal Domicile

Principal Officer

GLENN BROWN

Phone

6623930140

Tax Period

2024-06-01 to 2025-05-31

HORN LAKE WATER ASSOCIATION INC, founded in 1965, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 29% operating margin.

Mission

WATER AND SEWER SERVICES - RURAL

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $250,000

Program Service Revenue $3,342,412

Investment Income $304,697

Other Revenue $113,904

TOTAL REVENUE $4,011,013

Expense Breakdown

Grants Paid $0

Salaries & Benefits $299,157

Fundraising Expenses $0

Other Expenses $2,552,270

TOTAL EXPENSES $2,851,427

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,011,013	$3,653,332	+0.1%
Expenses	$2,851,427	$2,741,329	+0.0%
Net Income	$1,159,586	$912,003	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$51,670

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSIE M WARE	PRESIDENT	40.00	Officer	$48,979	$2,691	$51,670
MARK DONAHUE	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
GLENN BROWN	VICE-PRESIDE	1.00	Officer	$0	$0	$0
DANNY SHANNON	TREASURER	1.00	Officer	$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	$4,011,013	$2,851,427	$12,044,683	$1,159,586
2024	$3,653,332	$2,741,329	$10,945,032	$912,003
2023	$3,504,923	$2,358,930	$9,823,744	$1,145,993
2022	$2,970,391	$2,052,382	$9,406,569	$918,009
2021	$2,146,886	$1,880,053	$8,693,125	$266,833
2020	$1,691,908	$1,863,224	$8,634,359	$-171,316
2019	$1,681,845	$1,894,966	$8,935,925	$-213,121

HORN LAKE WATER ASSOCIATION INC