NORTHEAST ITAWAMBA WATER ASSOCIATIO

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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

1974

Legal Domicile

Principal Officer

CULLY HARTSELL

Phone

6625853480

Tax Period

2023-01-01 to 2023-12-31

NORTHEAST ITAWAMBA WATER ASSOCIATIO, founded in 1974, is a small nonprofit that reported $821K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $217K, a strong 26% operating margin.

Mission

TO PROVIDE AN AFFORDABLE AND RELIABLE WATER SUPPLY FOR RURAL RESIDENTS WITHIN THE BOUNDARIES OF THE SYSTEM

Program Service Accomplishments

Program 1

Expenses: $603,510 Revenue: $737,454

TO PROVIDE AN AFFORDABLE AND RELIABLE WATER SUPPLY FOR RURAL RESIDENTS WITHIN THE BOUNDARIES OF THE SYSTEM

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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 $76,388

Program Service Revenue $737,454

Investment Income $6,395

Other Revenue $309

TOTAL REVENUE $820,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $226,330

Fundraising Expenses $0

Program Expenses $603,510

Other Expenses $377,180

TOTAL EXPENSES $603,510

Year-over-Year Comparison

	2023	2022	Change
Revenue	$820,546	$750,710	+0.1%
Expenses	$603,510	$590,864	+0.0%
Net Income	$217,036	$159,846	+0.4%

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
ANDY GRAHAM	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CULLY HARTSELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
LEON HAYES	DIRECTOR	1.00	Director	$0	$0	$0
EDDIE HOOD	DIRECTOR	1.00	Director	$0	$0	$0
DOUG LILES JR	DIRECTOR	1.00	Officer Director	$0	$0	$0
STEPHEN MOTICHEK	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN WOOD	SECRETARY	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	No data	No data	No data	No data
2023	$820,546	$603,510	$2,434,925	$217,036
2022	$750,710	$590,864	$2,219,788	$159,846
2021	$795,303	$524,955	$2,027,069	$270,348
2020	$690,782	$606,344	$2,306,440	$84,438
2019	$779,264	$695,668	$2,254,710	$83,596
2018	$745,637	$728,629	$2,263,208	$17,008