LOVEJOY WATER ASSOCIATION INC (EIN 640595587) - 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

1967

Legal Domicile

Tax Period

2023-11-01 to 2024-10-31

LOVEJOY WATER ASSOCIATION INC, founded in 1967, is a small nonprofit that reported $116K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $35K, a strong 30% operating margin.

Mission

IT IS OUR PURPOSE TO PROVIDE SAFE DRINKING WATER AT A REASONABLE RATE TO OUR 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $114,406

Investment Income $1,642

Other Revenue $0

TOTAL REVENUE $116,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $80,819

Other Expenses $80,819

TOTAL EXPENSES $80,819

Year-over-Year Comparison

	2023	2022	Change
Revenue	$116,048	$123,507	-0.1%
Expenses	$80,819	$78,206	+0.0%
Net Income	$35,229	$45,301	-0.2%

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

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
DOROTHY BISHOP	DIRECTOR	3.00	Director	$0	$0	$0
DIANE CARLINI	DIR	3.00	Officer Director	$0	$0	$0
JOSH GRIFFIS	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
E J ROBISON	DIRECTOR	3.00	Officer Director	$0	$0	$0
TIMOTHY PITTMAN	PRESIDENT	3.00	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
2024	$116,048	$80,819	$670,517	$35,229
2023	$123,507	$78,206	$635,698	$45,301
2022	$122,924	$86,104	$600,328	$36,820
2021	$110,070	$92,316	$570,622	$17,754
2020	$100,794	$88,229	$561,378	$12,565
2019	$114,197	$105,849	$559,785	$8,348

LOVEJOY WATER ASSOCIATION INC