CASON WATER DISTRICT (EIN 640704500) - 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

1968

Legal Domicile

Principal Officer

DONALD YOUNG

Tax Period

2023-07-01 to 2024-06-30

CASON WATER DISTRICT, founded in 1968, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Expenses of $980K left a modest 8% surplus.

Mission

CASON WATER DISTRICT, INC.'S EXEMPT PURPOSE IS TO PROVIDE WATER TO THE RESIDENTS OF THE CASON COMMUNITY, A RURAL AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $169,787

Program Service Revenue $896,207

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,065,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $190,850

Fundraising Expenses $0

Other Expenses $789,016

TOTAL EXPENSES $979,866

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,065,994	$1,113,721	0.0%
Expenses	$979,866	$947,240	+0.0%
Net Income	$86,128	$166,481	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE FARRIS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
JEFF KNOWLES	DIRECTOR	1.00	Director	$0	$0	$0
BENNIE NEAL	PRESIDENT	1.00	Officer Director	$0	$0	$0
LATHAN WALTON	TREASURER	1.00	Officer 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	No data	No data	No data	No data
2024	$1,065,994	$979,866	$6,158,294	$86,128
2023	$1,113,721	$947,240	$6,352,263	$166,481
2022	$1,199,858	$651,942	$5,981,961	$547,916
2021	$1,751,764	$609,916	$5,216,750	$1,141,848
2020	$724,258	$617,642	$3,851,704	$106,616
2019	$706,150	$617,856	$1,911,857	$88,294

CASON WATER DISTRICT