WILK-AMITE WATER ASSOCIATION INC (EIN 640546832) - 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

WILLIAM L HANDY

Phone

6012254072

Tax Period

2024-05-01 to 2025-04-30

WILK-AMITE WATER ASSOCIATION INC, founded in 1971, is a community nonprofit in the Public & Societal Benefit sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 230% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 76% operating margin.

Mission

SUPPLYING POTABLE 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 (2024)

Revenue Breakdown

Contributions & Grants $1,167,253

Program Service Revenue $536,007

Investment Income $13,524

Other Revenue $0

TOTAL REVENUE $1,716,784

Expense Breakdown

Grants Paid $0

Salaries & Benefits $151,501

Fundraising Expenses $0

Other Expenses $253,989

TOTAL EXPENSES $405,490

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,716,784	$520,504	+2.3%
Expenses	$405,490	$501,872	-0.2%
Net Income	$1,311,294	$18,632	+69.4%

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

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
DOUGLAS STEWART	BOARD MEMBER	1.00	Director	$0	$0	$0
ROY PERRY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TAMMIE JAMES	BOARD MEMBER	1.00	Director	$0	$0	$0
TARA THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TRENEASE CAUSEY DAY	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM L HANDY	PRESIDENT	2.00	Officer Director	$0	$0	$0
YOLANDA MCDOWELL	SECRETARY	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	$1,716,784	$405,490	$3,302,003	$1,311,294
2024	$520,504	$501,872	$1,596,926	$18,632
2023	$496,911	$482,441	$1,587,440	$14,470
2022	$444,713	$456,859	$1,577,221	$-12,146

WILK-AMITE WATER ASSOCIATION INC