BLACK BAYOU WATER ASSOCIATION INC (EIN 640767713) - 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

Principal Officer

DAVID KOEHN

Phone

6626867150

Tax Period

2023-01-01 to 2023-12-31

BLACK BAYOU WATER ASSOCIATION INC is a community nonprofit that reported $4.5M in total revenue in fiscal year 2023. Revenue surged 116% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 48% operating margin.

Mission

TO PROVIDE WATER SERVICE TO RURAL RESIDENTS

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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 $2,490,000

Program Service Revenue $1,830,690

Investment Income $3,560

Other Revenue $132,499

TOTAL REVENUE $4,456,749

Expense Breakdown

Grants Paid $0

Salaries & Benefits $546,718

Fundraising Expenses $0

Other Expenses $1,779,742

TOTAL EXPENSES $2,326,460

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,456,749	$2,060,438	+1.2%
Expenses	$2,326,460	$2,172,209	+0.1%
Net Income	$2,130,289	$-111,771	-20.1%

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
RAY BROOKS	TRUSTEE	N/A	Officer	$0	$0	$0
LARRY CLEGG	VICE- PRESID	N/A	Officer	$0	$0	$0
DONLEY DRAKES	TRUSTEE	N/A	Officer	$0	$0	$0
JEFF INGRAM	TRUSTEE	N/A	Officer	$0	$0	$0
KENDRICK PROCTOR	SECRETARY/TR	N/A	Officer	$0	$0	$0
RICKY REXRODE	TRUSTEE	N/A	Officer	$0	$0	$0
DAVID VAUGHN	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
2024	No data	No data	No data	No data
2023	$4,456,749	$2,326,460	$13,747,058	$2,130,289
2022	$2,060,438	$2,172,209	$11,063,426	$-111,771
2021	$1,803,678	$1,856,185	$11,365,007	$-52,507
2020	$1,806,517	$1,788,373	$11,543,106	$18,144
2019	$2,135,244	$1,614,797	$11,869,694	$520,447
2018	$1,233,951	$1,398,782	$10,038,691	$-164,831

BLACK BAYOU WATER ASSOCIATION INC