BROOKLYN UTILITY ASSOCIATION INC

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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

1965

Legal Domicile

Principal Officer

WILLIE CURRY

Phone

6015821948

Tax Period

2024-07-01 to 2025-06-30

BROOKLYN UTILITY ASSOCIATION INC, founded in 1965, is a community nonprofit in the Mutual Benefit sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 104% from the prior year, signaling strong growth momentum. The organization ran a surplus of $495K, a strong 49% operating margin.

Mission

TO PROVIDE POTABLE DRINKING WATER TO ITS MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $516,224

WATER SALES TO THE MEMBERS FUNDS THE OPERATION AND MAINTENANCE OF THE PHYSICAL PLANT AND DISTRIBUTION 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 (2024)

Revenue Breakdown

Contributions & Grants $449,997

Program Service Revenue $558,341

Investment Income $3,100

Other Revenue $0

TOTAL REVENUE $1,011,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,373

Fundraising Expenses $0

Program Expenses $516,224

Other Expenses $399,851

TOTAL EXPENSES $516,224

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,011,438	$495,986	+1.0%
Expenses	$516,224	$523,072	0.0%
Net Income	$495,214	$-27,086	-19.3%

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

$720

Total Directors

$1,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRY ARMSTRONG	SECRETARY	1.00	Officer Director	$360	$0	$360
WILLIE CURRY	PRESIDENT	1.00	Officer Director	$360	$0	$360
ALLEN FLOWERS	DIRECTOR	1.00	Director	$360	$0	$360
KENT GRAHAM	DIRECTOR	1.00	Director	$360	$0	$360
RYAN NOBLES	VICE PRESIDE	1.00	Director	$360	$0	$360

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	$1,011,438	$516,224	$3,640,438	$495,214
2024	$495,986	$523,072	$1,153,814	$-27,086
2023	$760,849	$445,396	$1,220,177	$315,453
2022	$511,055	$437,697	$926,557	$73,358
2021	$427,647	$389,047	$840,839	$38,600
2020	$368,353	$356,316	$797,412	$12,037
2019	$301,699	$278,864	$923,229	$22,835