HIWANNEE WATER ASSOCIATION INC (EIN 640581734) - 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

1973

Principal Officer

CLAYTON RAINWATER

Tax Period

2023-04-01 to 2024-03-31

HIWANNEE WATER ASSOCIATION INC, founded in 1973, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 6% surplus.

Mission

PROVIDE CLEAN DRINKING WATER AT EFFICIENT PRICE.

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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 $1,117,713

Investment Income $942

Other Revenue $10,969

TOTAL REVENUE $1,129,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $304,462

Fundraising Expenses $0

Other Expenses $753,447

TOTAL EXPENSES $1,057,909

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,129,624	$878,915	+0.3%
Expenses	$1,057,909	$960,609	+0.1%
Net Income	$71,715	$-81,694	-1.9%

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

N/A

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
CLAYTON RAINWATER	PRESIDENT	N/A	Officer	$0	$0	$0
GEORGE BARNETT	VICE-PRESIDE	N/A	Officer	$0	$0	$0
ROGERS JORDAN	DIRECTOR	N/A	Officer	$0	$0	$0
NANCY LOPER	DIRECTOR	N/A	Officer	$0	$0	$0
CHARLES CHAPMAN	DIRECTOR	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
2025	No data	No data	No data	No data
2024	$1,129,624	$1,057,909	$5,915,028	$71,715
2023	$878,915	$960,609	$5,954,492	$-81,694
2022	$877,883	$904,714	$6,157,699	$-26,831
2021	$912,190	$918,294	$5,646,129	$-6,104
2020	$886,248	$898,564	$5,732,872	$-12,316
2019	$892,857	$986,221	$5,831,741	$-93,364

HIWANNEE WATER ASSOCIATION INC