BOGGAN RIDGE RURAL WATER ASSOCIATION INC (EIN 640565159) - 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

1983

Legal Domicile

Principal Officer

TALLY BERRY

Phone

6018471729

Tax Period

2024-07-01 to 2025-06-30

BOGGAN RIDGE RURAL WATER ASSOCIATION INC, founded in 1983, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $561K, a strong 48% operating margin.

Mission

TO PROVIDE CLEAN WATER TO RURAL COMMUNITIES

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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 $581,718

Program Service Revenue $590,596

Investment Income $5,803

Other Revenue $2,823

TOTAL REVENUE $1,180,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $186,386

Fundraising Expenses $0

Other Expenses $433,308

TOTAL EXPENSES $619,694

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,180,940	$661,009	+0.8%
Expenses	$619,694	$671,604	-0.1%
Net Income	$561,246	$-10,595	-54.0%

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
TALLY BERRY	PRESIDENT	N/A	Officer Director	$0	$0	$0
LUTHER BOGGAN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CARL BURTON	DIRECTOR	N/A	Director	$0	$0	$0
JERRY GRAY	DIRECTOR	N/A	Director	$0	$0	$0
JONATHAN JONES	DIRECTOR	N/A	Director	$0	$0	$0
MIKE SULLIVAN	SECRETARY-TR	N/A	Officer Director	$0	$0	$0
SAMMY WELCH	DIRECTOR	N/A	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	$1,180,940	$619,694	$2,127,017	$561,246
2024	$661,009	$671,604	$1,587,720	$-10,595
2023	$559,605	$557,572	$1,640,380	$2,033
2022	$451,860	$527,799	$1,666,358	$-75,939
2021	$431,125	$491,307	$1,775,829	$-60,182
2020	$410,740	$477,967	$1,822,333	$-67,227
2019	$414,204	$462,704	$1,925,579	$-48,500

BOGGAN RIDGE RURAL WATER ASSOCIATION INC