TRI-LAKE RURAL WATER ASSOCIATION INC (EIN 640521686) - 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

1974

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

TRI-LAKE RURAL WATER ASSOCIATION INC, founded in 1974, is a small nonprofit that reported $219K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $62K, a strong 28% operating margin.

Mission

TO PROVIDE POTABLE WATER TO RURAL HOUSEHOLDS.

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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 $217,322

Investment Income $1,845

Other Revenue $0

TOTAL REVENUE $219,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,319

Fundraising Expenses $0

Program Expenses $157,465

Other Expenses $85,146

TOTAL EXPENSES $157,465

Year-over-Year Comparison

	2023	2022	Change
Revenue	$219,167	$199,644	+0.1%
Expenses	$157,465	$162,691	0.0%
Net Income	$61,702	$36,953	+0.7%

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

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
KEVIN MORRIS	BOARD MEMBER	0.00	Director	$0	$0	$0
CRAIG HART	BOARD MEMBER	0.00	Director	$0	$0	$0
MICHAEL SCROGGINS	BOARD MEMBER	0.00	Director	$0	$0	$0
DONALD R MORRIS	OPERATOR	40.00	Director Highest	$0	$0	$0
BILLY SAMUELS	DIRECTOR	0.00	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	No data	No data	No data	No data
2024	$219,167	$157,465	$967,050	$61,702
2023	$199,644	$162,691	$905,163	$36,953
2022	$187,783	$143,032	$867,081	$44,751
2021	$199,317	$142,276	$822,864	$57,041
2020	$189,265	$143,551	$788,590	$45,714
2019	$183,295	$212,916	$759,870	$-29,621

TRI-LAKE RURAL WATER ASSOCIATION INC