Ingomar Water Association Inc (EIN 640686776) - 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

1972

Legal Domicile

Phone

6625343335

Tax Period

2025-04-01 to 2026-03-31

Ingomar Water Association Inc, founded in 1972, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $707K in total revenue in fiscal year 2025. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $299K, a strong 42% operating margin.

Mission

Provide water to rural customers

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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 (2025)

Revenue Breakdown

Contributions & Grants $148,333

Program Service Revenue $501,066

Investment Income $57,902

Other Revenue $0

TOTAL REVENUE $707,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,115

Fundraising Expenses $0

Program Expenses $371,149

Other Expenses $300,265

TOTAL EXPENSES $408,380

Year-over-Year Comparison

	2025	2024	Change
Revenue	$707,301	$1,633,397	-0.6%
Expenses	$408,380	$396,084	+0.0%
Net Income	$298,921	$1,237,313	-0.8%

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
Mike Browning	Vice President	1.00	Director	$0	$0	$0
Tom Haynes	President	2.00	Director	$0	$0	$0
Sonny Cornelius	Board Member	1.00	Director	$0	$0	$0
Johnny Thompson	Board Member	1.00	Director	$0	$0	$0
John Weeden	Sec/Treas	2.00	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
2026	$707,301	$408,380	$5,060,961	$298,921
2025	No data	No data	No data	No data
2024	$703,080	$316,742	$3,812,742	$386,338
2023	$379,865	$306,681	$3,186,546	$73,184
2022	$344,154	$276,679	$3,130,223	$67,475
2021	$344,305	$265,398	$3,078,219	$78,907
2020	$310,228	$213,825	$2,957,336	$96,403
2019	$286,593	$214,310	$1,792,548	$72,283

Ingomar Water Association Inc