LAMPTON WATER ASSOCIATION (EIN 640510572) - 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

1976

Legal Domicile

Principal Officer

CHARLIE JAMES

Phone

6017363449

Tax Period

2024-01-01 to 2024-12-31

LAMPTON WATER ASSOCIATION, founded in 1976, is a small nonprofit that reported $836K in total revenue in fiscal year 2024. Revenue surged 125% from the prior year, signaling strong growth momentum. The organization ran a surplus of $365K, a strong 44% operating margin.

Mission

RURAL WATER ASSOCIATION ORGANIZED TO PROVIDE WATER TO RESIDENTS OF THE COMMUNITY.

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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 $378,800

Program Service Revenue $454,580

Investment Income $2,827

Other Revenue $0

TOTAL REVENUE $836,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,920

Fundraising Expenses $0

Program Expenses $376,713

Other Expenses $370,224

TOTAL EXPENSES $471,144

Year-over-Year Comparison

	2024	2023	Change
Revenue	$836,207	$372,038	+1.2%
Expenses	$471,144	$333,713	+0.4%
Net Income	$365,063	$38,325	+8.5%

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
CHARLIE JAMES	PRESIDENT	5.00	Officer Director	$0	$0	$0
JACKIE LOCKE	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
MATTIE CORKER	SECRETARY	5.00	Officer Director	$0	$0	$0
MARCUS EVERETT	DIRECTOR	3.00	Director	$0	$0	$0
EDDIE POPE	DIRECTOR	3.00	Director	$0	$0	$0
JOE BARBER	DIRECTOR	3.00	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
2024	$836,207	$471,144	$2,480,971	$365,063
2023	$372,038	$333,713	$2,163,858	$38,325
2022	$312,970	$309,149	$2,209,520	$3,821
2021	$311,346	$301,306	$2,278,874	$10,040
2020	$341,529	$290,053	$2,365,186	$51,476
2019	$301,666	$309,939	$2,415,050	$-8,273
2018	$301,144	$349,144	$2,501,884	$-48,000

LAMPTON WATER ASSOCIATION