COLES COMMUNITY WATER ASSOCIATION (EIN 640594951) - 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

Principal Officer

MICHAEL PERRY

Phone

6016397218

Tax Period

2024-06-01 to 2025-05-31

COLES COMMUNITY WATER ASSOCIATION, founded in 1972, is a small nonprofit in the Mutual Benefit sector that reported $154K in total revenue in fiscal year 2024. Net assets of $695K represent 54 months of operating reserves.

Mission

TO PROVIDE CLEAN WATER TO CUSTOMERS

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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 $550

Program Service Revenue $150,097

Investment Income $3,107

Other Revenue $0

TOTAL REVENUE $153,754

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,856

Fundraising Expenses $0

Other Expenses $110,679

TOTAL EXPENSES $157,535

Year-over-Year Comparison

	2024	2023	Change
Revenue	$153,754	$153,975	0.0%
Expenses	$157,535	$136,117	+0.2%
Net Income	$-3,781	$17,858	-1.2%

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
RUSSELL CALDWELL	SEC/TREAS	N/A	Officer Director	$0	$0	$0
BOBBY WAYNE JOHNSON	BOARD MEMBER	N/A	Director	$0	$0	$0
JAMES JOHNSON	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHAEL PERRY	PRESIDENT	N/A	Officer Director	$0	$0	$0
RACHELLE WILLIAMS	BOARD MEMBER	N/A	Director	$0	$0	$0
DEBBIE WILSON	VICE PRESIDE	N/A	Officer 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	$153,754	$157,535	$923,070	$-3,781
2024	$153,975	$136,117	$932,202	$17,858
2023	$135,553	$156,833	$918,589	$-21,280
2022	$122,222	$160,137	$944,367	$-37,915
2021	$134,740	$123,755	$989,903	$10,985
2020	$135,161	$148,230	$991,883	$-13,069
2019	$132,925	$144,431	$1,014,970	$-11,506

COLES COMMUNITY WATER ASSOCIATION