FANNIN WATER ASSOCIATION INC (EIN 640723763) - 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

1966

Legal Domicile

Principal Officer

JAMES GOULD

Phone

6018293343

Tax Period

2024-01-01 to 2024-12-31

FANNIN WATER ASSOCIATION INC, founded in 1966, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Expenses of $1.5M left a modest 12% surplus.

Mission

TO CONSTRUCT, MAINTAIN, AND OPERATE A PRIVATE RURAL WATER SYSTEM.

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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 $1,567,725

Investment Income $86,887

Other Revenue $0

TOTAL REVENUE $1,654,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $170,766

Fundraising Expenses $0

Other Expenses $1,281,747

TOTAL EXPENSES $1,452,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,654,612	$1,614,585	+0.0%
Expenses	$1,452,513	$1,364,704	+0.1%
Net Income	$202,099	$249,881	-0.2%

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

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
JAMES GOULD	PRESIDENT	0.10	Director	$0	$0	$0
BILL JEFFERIES	VICE-PRESIDENT	0.10	Director	$0	$0	$0
BOBBY STAPLETON	BOARD MEMBER	0.10	Director	$0	$0	$0
RICKY LEFLORE	SECRETARY	0.10	Director	$0	$0	$0
CHUCK EDWARDS	BOARD MEMBER	0.10	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
2024	$1,654,612	$1,452,513	$6,073,396	$202,099
2023	$1,614,585	$1,364,704	$5,672,445	$249,881
2022	$1,714,642	$1,246,036	$5,632,611	$468,606
2021	$1,344,864	$999,974	$6,095,835	$344,890
2020	$1,084,501	$878,061	$5,954,564	$206,440
2019	$1,069,323	$859,636	$4,950,155	$209,687
2018	$1,142,368	$1,286,767	$3,771,620	$-144,399

FANNIN WATER ASSOCIATION INC