SOUTH NEWTON RURAL WATER ASSOCIATION (EIN 640541262) - 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

1969

Legal Domicile

Principal Officer

CHARLES GODWIN

Phone

6016836907

Tax Period

2025-01-01 to 2025-12-31

SOUTH NEWTON RURAL WATER ASSOCIATION, founded in 1969, is a community nonprofit in the Public & Societal Benefit sector that reported $2.2M in total revenue in fiscal year 2025. Revenue surged 106% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 78% operating margin.

Mission

PROVIDE WATER TO RURAL RESIDENTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,752,513

Program Service Revenue $567,632

Investment Income $-84,478

Other Revenue $0

TOTAL REVENUE $2,235,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,480

Fundraising Expenses $0

Other Expenses $316,287

TOTAL EXPENSES $488,767

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,235,667	$1,083,024	+1.1%
Expenses	$488,767	$498,210	0.0%
Net Income	$1,746,900	$584,814	+2.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN LYLES	PRESIDENT	3.00	Officer Director	$0	$0	$0
DAVID JOE USRY	DIRECTOR	1.00	Director	$0	$0	$0
MIKE DEARING	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLES GODWIN	DIRECTOR	1.00	Director	$0	$0	$0
MELVIN NICHOLSON	VICE-PRESIDENT	1.00	Officer 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	$2,235,667	$488,767	$3,519,642	$1,746,900
2024	$1,083,024	$498,210	$1,831,405	$584,814
2023	$557,773	$499,060	$1,268,398	$58,713
2022	$553,984	$503,060	$1,282,059	$50,924
2021	$521,886	$487,644	$1,049,632	$34,242
2020	$491,271	$441,145	$1,112,001	$50,126
2019	$500,801	$462,035	$1,371,544	$38,766
2018	$483,448	$418,085	$1,408,086	$65,363

SOUTH NEWTON RURAL WATER ASSOCIATION