EAST MADISON WATER ASSOCIATION INC (EIN 640863873) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1968

Legal Domicile

Principal Officer

LEROY LACY

Phone

6018592810

Tax Period

2024-10-01 to 2025-09-30

EAST MADISON WATER ASSOCIATION INC, founded in 1968, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 48% operating margin.

Mission

PROVIDE WATER FOR THE APPROXIMATELY 2800 MEMBERS OF THE SYSTEM AT THE LOWEST POSSIBLE COST

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $777,400

Program Service Revenue $1,545,651

Investment Income $29,548

Other Revenue $0

TOTAL REVENUE $2,352,599

Expense Breakdown

Grants Paid $0

Salaries & Benefits $422,736

Fundraising Expenses $0

Program Expenses $1,183,094

Other Expenses $802,107

TOTAL EXPENSES $1,224,843

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,352,599	$1,458,435	+0.6%
Expenses	$1,224,843	$1,089,943	+0.1%
Net Income	$1,127,756	$368,492	+2.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$10,550

Total Directors

$10,600

Key Employees

$47,755

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTIE V HUGHES	GENERAL MANAGER	40.00	Key Emp	$47,755	$0	$47,755
LEROY LACY	PRESIDENT	2.00	Officer	$4,050	$0	$4,050
DOROTHY LEWIS	SECT TREAS	1.00	Officer	$3,250	$0	$3,250
ROBERT BILBREW	VICE PRESIDENT	1.00	Officer	$3,250	$0	$3,250
RITA HART	DIRECTOR	1.00	Director	$3,050	$0	$3,050
CHARLES PAGE	DIRECTOR	1.00	Director	$3,050	$0	$3,050
STANFORD BEASLEY Sr	DIRECTOR	1.00	Director	$2,250	$0	$2,250
MARCUS GOODLOE	DIRECTOR	1.00	Director	$2,250	$0	$2,250

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	$2,352,599	$1,224,843	$6,969,573	$1,127,756
2024	$1,458,435	$1,089,943	$5,507,965	$368,492
2023	$1,244,798	$1,136,646	$5,262,542	$108,152
2022	$1,199,653	$1,113,620	$5,273,756	$86,033
2021	$1,280,877	$1,034,225	$5,323,633	$246,652
2020	$1,128,809	$1,075,836	$5,281,169	$52,973
2019	$1,013,783	$1,032,888	$5,292,557	$-19,105

EAST MADISON WATER ASSOCIATION INC