NORTH HINDS WATER ASSOCIATION INC (EIN 640560337) - 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

Phone

6019811657

Tax Period

2024-01-01 to 2024-12-31

NORTH HINDS WATER ASSOCIATION INC, founded in 1971, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $343K, a strong 17% operating margin.

Mission

PROVIDING WATER SERVICES TO MEMBERS INCLUDING OPERATIONS, MAINTENANCE, ADMINISTRATION, BILLING AND COLLECTION.

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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 $432,177

Program Service Revenue $1,539,889

Investment Income $0

Other Revenue $77,525

TOTAL REVENUE $2,049,591

Expense Breakdown

Grants Paid $0

Salaries & Benefits $274,535

Fundraising Expenses $0

Program Expenses $1,706,469

Other Expenses $1,431,934

TOTAL EXPENSES $1,706,469

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,049,591	$1,617,068	+0.3%
Expenses	$1,706,469	$1,496,664	+0.1%
Net Income	$343,122	$120,404	+1.8%

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	Role	Reportable Comp	Other Comp	Total
JOE L BIGGERS	DIRECTOR	Director	$0	$0	$0
DONALD R CORNELIUS	DIRECTOR	Director	$0	$0	$0
KARL HOLCOMB	DIRECTOR	Director	$0	$0	$0
PHILLIP PENDLETON	DIRECTOR	Director	$0	$0	$0
DERRICK B MILNER	VICE PRESIDENT	Officer Director	$0	$0	$0
RANDY RUSSELL	PRESIDENT	Officer Director	$0	$0	$0
DOUG WINDSTEAD	SECRETARYTREASURER	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
2024	No data	No data	No data	No data
2024	$2,049,591	$1,706,469	$8,059,097	$343,122
2023	$1,617,068	$1,496,664	$7,605,929	$120,404
2022	$1,412,312	$1,447,307	$7,323,090	$-34,995
2021	$1,408,506	$1,344,803	$7,476,191	$63,703
2020	$1,435,045	$1,332,114	$7,568,449	$102,931
2019	$1,320,242	$1,311,004	$7,662,499	$9,238
2018	$1,331,095	$1,065,382	$7,754,482	$265,713

NORTH HINDS WATER ASSOCIATION INC