NORTH PIKE WATER ASSOCIATION INC (EIN 640574368) - 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

1972

Legal Domicile

Principal Officer

MARK WALLACE

Phone

6012493502

Tax Period

2024-04-01 to 2025-03-31

NORTH PIKE WATER ASSOCIATION INC, founded in 1972, is a community nonprofit in the Public & Societal Benefit sector that reported $1.1M in total revenue in fiscal year 2024. The organization ran a surplus of $338K, a strong 31% operating margin.

Mission

RURAL WATER ASSOCIATION

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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 $0

Program Service Revenue $990,930

Investment Income $93,738

Other Revenue $19,178

TOTAL REVENUE $1,103,846

Expense Breakdown

Grants Paid $0

Salaries & Benefits $248,849

Fundraising Expenses $0

Other Expenses $517,040

TOTAL EXPENSES $765,889

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,103,846	$1,115,292	0.0%
Expenses	$765,889	$819,266	-0.1%
Net Income	$337,957	$296,026	+0.1%

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
MARK WALLACE	PRESIDENT	1.00	Officer Director	$0	$0	$0
LEE BARKDULL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
URIAH COLLINS	SECRETARY TREASURER	1.00	Officer Director	$0	$0	$0
MIKE ENNIS	DIRECTOR	1.00	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	$1,103,846	$765,889	$8,427,427	$337,957
2024	$1,115,292	$819,266	$5,903,148	$296,026
2023	$990,262	$759,735	$5,645,941	$230,527
2022	$935,377	$742,432	$5,536,288	$192,945
2021	$979,357	$665,058	$5,464,203	$314,299
2021	$992,304	$665,058	$5,470,795	$327,246
2020	$836,108	$617,788	$4,853,525	$218,320
2019	$775,798	$638,840	$3,203,255	$136,958

NORTH PIKE WATER ASSOCIATION INC