HOPEWELL WATER ASSOCIATION INC (EIN 640582513) - 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

Legal Domicile

Principal Officer

LIBBY LYTLE

Phone

6622348940

Tax Period

2024-01-01 to 2024-12-31

HOPEWELL WATER ASSOCIATION INC, founded in 1973, is a small nonprofit in the Public & Societal Benefit sector that reported $649K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $380K, a strong 59% operating margin.

Mission

Rural Water Association formed to provide potable water for an area of 17 1/2 square miles serving approximately 510 members.

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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 $4,987

Program Service Revenue $633,644

Investment Income $10,270

Other Revenue $0

TOTAL REVENUE $648,901

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $269,083

TOTAL EXPENSES $269,083

Year-over-Year Comparison

	2024	2023	Change
Revenue	$648,901	$499,373	+0.3%
Expenses	$269,083	$312,474	-0.1%
Net Income	$379,818	$186,899	+1.0%

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

N/A

Volunteers

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
LIBBY LYTLE	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOHN JARRETT	VICE-PRESIDENT	4.00	Officer Director	$0	$0	$0
GLORIA SMITH	TREASURER	4.00	Officer Director	$0	$0	$0
AMANDA SMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT IVERSON	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
2024	$648,901	$269,083	$2,801,247	$379,818
2023	$499,373	$312,474	$2,439,339	$186,899
2022	$467,224	$348,097	$2,265,556	$119,127
2021	$467,018	$271,985	$2,185,260	$195,033
2020	$254,374	$204,906	$2,042,823	$49,468

HOPEWELL WATER ASSOCIATION INC