MORRIS WATER ASSOCIATION INC

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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

1968

Legal Domicile

Principal Officer

KIMBERLY PIERCE

Phone

6017332751

Tax Period

2023-07-01 to 2024-06-30

MORRIS WATER ASSOCIATION INC, founded in 1968, is a small nonprofit in the Mutual Benefit sector that reported $197K in total revenue in fiscal year 2023. Expenses of $169K left a modest 14% surplus.

Mission

PROVIDE RURAL WATER TO 336 RURAL AREA HOUSEHOLDS,FARMS FOR SAFE POTABLE WATER OTHERWISE DIFFICULT TO OBTAIN AT REASONABLE COSTS.

Program Service Accomplishments

Program 1

PROVIDE RURAL WATER TO 336 RURAL AREA HOUSEHOLDS,FARMS FOR SAFE POTABLE WATER OTHERWISE DIFFICULT TO OBTAIN AT REASONABLE COSTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $194,177

Investment Income $3,279

Other Revenue $0

TOTAL REVENUE $197,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,661

Fundraising Expenses $0

Program Expenses $169,400

Other Expenses $115,739

TOTAL EXPENSES $169,400

Year-over-Year Comparison

	2023	2022	Change
Revenue	$197,456	$185,361	+0.1%
Expenses	$169,400	$80,379	+1.1%
Net Income	$28,056	$104,982	-0.7%

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

329

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
KIMBERLY PIERCE	SECRETARY	N/A	Officer	$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	$197,456	$169,400	$630,659	$28,056
2023	$185,361	$164,672	$609,054	$20,689
2022	$170,740	$154,405	$593,974	$16,335
2021	$172,758	$163,032	$588,654	$9,726
2020	$136,873	$157,923	$585,029	$-21,050
2019	$146,804	$164,600	$612,264	$-17,796