FANNIN WATER ASSOCIATION INC

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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

Phone

6018293343

Tax Period

2025-01-01 to 2025-12-31

FANNIN WATER ASSOCIATION INC, founded in 1966, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2025. The organization ran a surplus of $587K, a strong 36% operating margin.

Mission

TO CONSTRUCT MAINTAIN AND OPERATE A PRIVATE RURAL WATER SYSTEM.

Program Service Accomplishments

Program 1

Expenses: $1,059,436 Revenue: $1,646,173

TO ASSOCIATE ITS MEMBERS TOGETHER FOR THEIR MUTUAL BENEFIT AND 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,588,424

Investment Income $57,749

Other Revenue $0

TOTAL REVENUE $1,646,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $131,044

Fundraising Expenses $0

Program Expenses $1,059,436

Other Expenses $928,392

TOTAL EXPENSES $1,059,436

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,646,173	$1,654,612	0.0%
Expenses	$1,059,436	$1,452,513	-0.3%
Net Income	$586,737	$202,099	+1.9%

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

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 JEFFERIS	VICE PRESIDENT	0.10	Director	$0	$0	$0
RICKY LEFLORE	SECRETARY	0.10	Director	$0	$0	$0
BOBBY STAPLETON	BOARD MEMBER	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
2025	$1,646,173	$1,059,436	$7,029,780	$586,737
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