BLACKLAND WATER ASSOCIATION SYSTEM (EIN 640530405) - 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

1971

Legal Domicile

Principal Officer

GENE GILLEY

Phone

6627284091

Tax Period

2023-07-01 to 2024-06-30

BLACKLAND WATER ASSOCIATION SYSTEM, founded in 1971, is a small nonprofit that reported $357K in total revenue in fiscal year 2023. Revenue surged 118% from the prior year, signaling strong growth momentum. The organization ran a surplus of $178K, a strong 50% operating margin.

Mission

PROVIDE WATER TO MEMBERS

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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 $195,922

Program Service Revenue $160,569

Investment Income $336

Other Revenue $0

TOTAL REVENUE $356,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,307

Fundraising Expenses $0

Program Expenses $159,804

Other Expenses $172,440

TOTAL EXPENSES $178,747

Year-over-Year Comparison

	2023	2022	Change
Revenue	$356,827	$163,569	+1.2%
Expenses	$178,747	$181,393	0.0%
Net Income	$178,080	$-17,824	-11.0%

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

$1,950

Total Directors

$2,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GENE GILLEY	PRESIDENT	2.00	Officer Director	$1,000	$0	$1,000
YOLANDA LOWERY	SECRETARY	1.00	Officer Director	$500	$0	$500
BILLY YOUNG	DIRECTOR	1.00	Director	$500	$0	$500
MARGIE BAGGETT	DIRECTOR	1.00	Director	$450	$0	$450
JERMEY PAGE	VICE PRESIDE	1.00	Officer Director	$450	$0	$450

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	$356,827	$178,747	$1,513,758	$178,080
2023	$163,569	$181,393	$1,159,361	$-17,824
2022	$171,813	$153,704	$1,200,254	$18,109
2021	$157,766	$143,709	$1,201,683	$14,057
2020	$136,889	$133,018	$1,207,862	$3,871
2019	$139,745	$145,445	$1,215,790	$-5,700

BLACKLAND WATER ASSOCIATION SYSTEM