ST THOMAS WATER ASSOCIATION INC (EIN 640707776) - 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

VERONICA FRANKLIN

Phone

6018664105

Tax Period

2024-07-01 to 2025-06-30

ST THOMAS WATER ASSOCIATION INC, founded in 1968, is a small nonprofit that reported $113K in total revenue in fiscal year 2024. Expenses of $129K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE ST. THOMAS WATER ASSOCIATION PROVIDES SERVICES FOR THE ENTIRE RURAL COMMUNITY

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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 $0

Program Service Revenue $111,636

Investment Income $1,169

Other Revenue $0

TOTAL REVENUE $112,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,061

Fundraising Expenses $0

Program Expenses $129,302

Other Expenses $110,143

TOTAL EXPENSES $129,302

Year-over-Year Comparison

	2024	2023	Change
Revenue	$112,805	$108,828	+0.0%
Expenses	$129,302	$354,097	-0.6%
Net Income	$-16,497	$-245,269	-0.9%

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

$4,721

Total Directors

Key Employees

$12,300

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VERONICA FRANKLIN	PRESIDENT	N/A	Officer	$3,183	$0	$3,183
EDDIE HARPER	VICE PRESIDENT	N/A	Officer	$808	$0	$808
ELAINE HOPKINS	LAY MEMBER	N/A		$240	$0	$240
STEVE ADAMS	LAY MEMBER	N/A		$567	$0	$567
KYNA MCCALPIN	SECRETARY	N/A	Officer	$730	$0	$730
STEPHANIE MURRAY	BILLING CLERK OFFICE MANAGER	040.00	Key Emp	$12,300	$0	$12,300
HOPE PEARSON	LAY MEMBER	N/A		$120	$0	$120

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	$112,805	$129,302	$220,371	$-16,497
2024	$108,828	$354,097	$244,853	$-245,269
2024	$108,828	$354,097	$244,853	$-245,269
2023	$113,363	$138,891	$115,363	$-25,528
2023	$113,363	$138,891	$115,363	$-25,528
2022	$110,627	$122,615	$140,891	$-11,988
2021	$113,767	$115,058	$152,879	$-1,291

ST THOMAS WATER ASSOCIATION INC