TOPISAW CREEK WATER ASSOCIATIONINC (EIN 640712732) - 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

1985

Legal Domicile

Principal Officer

TRAVIS WRIGHT

Phone

6018350712

Tax Period

2024-05-01 to 2025-04-30

TOPISAW CREEK WATER ASSOCIATIONINC, founded in 1985, is a small nonprofit that reported $998K in total revenue in fiscal year 2024. Net assets of $2.4M represent 29 months of operating reserves.

Mission

TO PROVIDE SAFE CLEAN WATER TO RURAL COMMUNITIES.

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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 $992,327

Investment Income $5,447

Other Revenue $0

TOTAL REVENUE $997,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $320,816

Fundraising Expenses $0

Program Expenses $1,026,579

Other Expenses $705,763

TOTAL EXPENSES $1,026,579

Year-over-Year Comparison

	2024	2023	Change
Revenue	$997,774	$1,017,431	0.0%
Expenses	$1,026,579	$968,930	+0.1%
Net Income	$-28,805	$48,501	-1.6%

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

1983

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
NEOMIA BOYTE	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS CLOSE	DIRECTOR	N/A	Director	$0	$0	$0
CHERLY DILLON	DIRECTOR	N/A	Director	$0	$0	$0
TIM KING	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
JEFF DAVIS	VICE PRESIDE	N/A	Officer	$0	$0	$0
TONYA FORET	SECRETARY/TR	N/A	Officer	$0	$0	$0
TRAVIS WRIGHT	PRESIDENT	N/A	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	$997,774	$1,026,579	$4,277,036	$-28,805
2024	$1,017,431	$968,930	$4,399,609	$48,501
2023	$921,871	$945,880	$4,446,675	$-24,009
2022	$855,911	$846,016	$4,556,347	$9,895
2021	$843,243	$899,833	$4,631,947	$-56,590

TOPISAW CREEK WATER ASSOCIATIONINC