WEST MARION WATER ASSOCIATION (EIN 640653152) - 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

1979

Legal Domicile

Principal Officer

KASEY PITTMAN

Phone

6017312601

Tax Period

2024-04-01 to 2025-03-31

WEST MARION WATER ASSOCIATION, founded in 1979, is a community nonprofit in the Mutual Benefit sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 157% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 81% operating margin.

Mission

PROVIDE WATER SERVICE TO RURAL MARION COUNTY RESIDENTS.

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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 $1,380,307

Program Service Revenue $366,735

Investment Income $9,301

Other Revenue $0

TOTAL REVENUE $1,756,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,267

Fundraising Expenses $0

Program Expenses $296,331

Other Expenses $210,603

TOTAL EXPENSES $334,870

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,756,343	$684,240	+1.6%
Expenses	$334,870	$356,114	-0.1%
Net Income	$1,421,473	$328,126	+3.3%

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

N/A

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
JACOB POUNDS	DIRECTOR	5.00	Director	$0	$0	$0
GRACE MILLER	DIRECTOR	5.00	Director	$0	$0	$0
KASEY PITTMAN	PRESIDENT	5.00	Officer	$0	$0	$0
GENNETT DANIELS BROWN	SECRETARY	5.00	Officer	$0	$0	$0
SHANE MILLER	VICE PRESIDENT	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	$1,756,343	$334,870	$3,602,731	$1,421,473
2024	$684,240	$356,114	$2,231,874	$328,126
2023	$341,300	$313,163	$2,041,637	$28,137
2022	$309,337	$273,117	$1,975,850	$36,220
2021	$283,915	$223,292	$1,310,133	$60,623

WEST MARION WATER ASSOCIATION