PROGRESS COMMUNITY WATER ASSOCIATION (EIN 640638593) - 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

1969

Legal Domicile

Principal Officer

ROBERT MORRIS

Phone

6017948664

Tax Period

2024-07-01 to 2025-06-30

PROGRESS COMMUNITY WATER ASSOCIATION, founded in 1969, is a community nonprofit that reported $6.1M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.1M, a strong 68% operating margin.

Mission

COMMUNITY WATER ASSOCIATION

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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 $4,492,000

Program Service Revenue $0

Investment Income $7,674

Other Revenue $1,568,585

TOTAL REVENUE $6,068,259

Expense Breakdown

Grants Paid $0

Salaries & Benefits $442,204

Fundraising Expenses $0

Program Expenses $1,929,864

Other Expenses $1,487,660

TOTAL EXPENSES $1,929,864

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,068,259	$5,580,394	+0.1%
Expenses	$1,929,864	$1,237,059	+0.6%
Net Income	$4,138,395	$4,343,335	0.0%

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

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
ROBERT MORRIS	PRESIDENT	5.00	Officer	$0	$0	$0
BRAD COURTNEY	DIRECTOR	5.00	Officer	$0	$0	$0
BLAKE BARNES	DIRECTOR	5.00	Officer	$0	$0	$0
JAKE KEITH	VICE PRESIDENT	5.00	Officer	$0	$0	$0
DANIEL DIFATA	DIRECTOR	5.00	Officer	$0	$0	$0
JACK SMITH	SECRETARY TREASURER	5.00	Officer	$0	$0	$0
DEBRA MONTAGUE	DIRECTOR	5.00	Officer	$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	$6,068,259	$1,929,864	$13,229,729	$4,138,395
2024	$5,580,394	$1,237,059	$13,106,334	$4,343,335
2023	$1,327,527	$1,227,065	$5,640,363	$100,462
2022	$931,175	$1,115,036	$5,346,079	$-183,861
2021	$1,686,317	$1,030,457	$4,315,319	$655,860
2020	$890,572	$956,335	$3,473,703	$-65,763
2019	$915,380	$931,725	$2,940,602	$-16,345

PROGRESS COMMUNITY WATER ASSOCIATION