LEESBURG WATER ASSOCIATION INC (EIN 640689064) - 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

1967

Legal Domicile

Phone

6018548729

Tax Period

2025-01-01 to 2025-12-31

LEESBURG WATER ASSOCIATION INC, founded in 1967, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2025. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $253K, a strong 19% operating margin.

Mission

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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,200,111

Investment Income $36,137

Other Revenue $74,163

TOTAL REVENUE $1,310,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $358,181

Fundraising Expenses $0

Program Expenses $1,057,259

Other Expenses $699,078

TOTAL EXPENSES $1,057,259

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,310,411	$1,697,398	-0.2%
Expenses	$1,057,259	$953,226	+0.1%
Net Income	$253,152	$744,172	-0.7%

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	Role	Reportable Comp	Other Comp	Total
KAREN LAMPKIN	PRESIDENT	Officer Director	$0	$0	$0
ALVIN WILLEY	VICE PRESIDENT	Officer Director	$0	$0	$0
JEFF ADAMS	BOARD MEMBER	Director	$0	$0	$0
SHELLY CUMBERLAND	SECRETARY	Director	$0	$0	$0
COREY R LUM	BOARD MEMBER	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
2025	$1,310,411	$1,057,259	$7,540,598	$253,152
2024	No data	No data	No data	No data
2023	$1,217,754	$945,504	$6,915,534	$272,250
2022	$1,100,277	$898,097	$4,612,167	$202,180
2021	$920,850	$806,965	$2,275,813	$113,885
2020	$844,198	$720,504	$2,024,059	$123,694
2019	$773,936	$680,148	$2,205,770	$93,788
2018	$749,938	$678,740	$2,101,584	$71,198

LEESBURG WATER ASSOCIATION INC