HAYES CREEK WATER ASSOCIATION INC (EIN 640680425) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

JAMES R BENNETT

Phone

6622833506

Tax Period

2024-07-01 to 2025-06-30

HAYES CREEK WATER ASSOCIATION INC, founded in 1972, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $584K, a strong 44% operating margin.

Mission

PROVISION OF WATER

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $693,940

Investment Income $9,764

Other Revenue $634,084

TOTAL REVENUE $1,337,788

Expense Breakdown

Grants Paid $0

Salaries & Benefits $202,404

Fundraising Expenses $0

Other Expenses $551,314

TOTAL EXPENSES $753,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,337,788	$751,480	+0.8%
Expenses	$753,718	$773,058	0.0%
Net Income	$584,070	$-21,578	-28.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$3,120

Total Directors

$5,580

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES R BENNETT	PRESIDENT & DIRECTOR	3.00	Officer Director	$1,500	$0	$1,500
DAVID NEWTON	DIRECTOR	0.50	Director	$780	$0	$780
SAM PITTMAN	DIRECTOR	0.50	Director	$780	$0	$780
JACK BLAKELY	DIRECTOR	0.50	Director	$120	$0	$120
KENNETH LOGGINS	BOARD SECRETARY	0.50	Officer Director	$780	$0	$780
DANIEL KING	VICE-PRESIDENT & DIRECTOR	0.50	Officer Director	$840	$0	$840
BESSIE MOORE	DIRECTOR	0.50	Director	$780	$0	$780

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	$1,337,788	$753,718	$3,378,853	$584,070
2024	$751,480	$773,058	$2,827,057	$-21,578
2023	$625,486	$703,728	$2,754,863	$-78,242
2022	$566,760	$667,778	$2,765,518	$-101,018
2021	$585,289	$612,211	$2,809,283	$-26,922
2020	$526,745	$547,813	$2,642,212	$-21,068
2019	$533,756	$582,912	$2,681,293	$-49,156

HAYES CREEK WATER ASSOCIATION INC