Prairie Water Association Inc (EIN 640700990) - 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

1984

Legal Domicile

Principal Officer

Mike Hainsey

Phone

6622451150

Tax Period

2024-07-01 to 2025-06-30

Prairie Water Association Inc, founded in 1984, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $533K, a strong 29% operating margin.

Mission

PROVIDE WATER/SEWER SALES AND SERVICES TO MEMBERS

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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 $473,485

Program Service Revenue $1,247,759

Investment Income $73,254

Other Revenue $12,878

TOTAL REVENUE $1,807,376

Expense Breakdown

Grants Paid $0

Salaries & Benefits $347,589

Fundraising Expenses $0

Other Expenses $927,166

TOTAL EXPENSES $1,274,755

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,807,376	$2,156,488	-0.2%
Expenses	$1,274,755	$1,130,287	+0.1%
Net Income	$532,621	$1,026,201	-0.5%

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

$4,200

Total Directors

$2,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David M Stephens	General Manager	40.00		$114,925	$0	$114,925
BILLY PICKENS	Vice President	0.50	Officer	$1,600	$0	$1,600
Greg Hill	Director	0.50	Director	$1,400	$0	$1,400
Nick Hairston	Sec/Treasurer	0.50	Officer	$1,400	$0	$1,400
Dr David K Curtis	President	0.50	Officer	$1,200	$0	$1,200
CHUCK YOUNGER	Director	0.50	Director	$800	$0	$800
Mike Hainsey	Sec/Treasurer	0.50	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	$1,807,376	$1,274,755	$11,002,254	$532,621
2024	$2,156,488	$1,130,287	$10,558,782	$1,026,201
2023	$1,076,223	$1,241,850	$10,348,938	$-165,627
2022	$980,536	$962,766	$9,947,233	$17,770
2021	$912,225	$894,214	$9,469,504	$18,011
2020	$869,249	$832,265	$6,675,169	$36,984
2019	$862,758	$832,642	$5,841,262	$30,116

Prairie Water Association Inc