OAK GROVE WATER ASSOCIATION (EIN 640944834) - 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

1972

Legal Domicile

Principal Officer

JOBY EVANS

Phone

6013194999

Tax Period

2024-04-01 to 2025-03-31

OAK GROVE WATER ASSOCIATION, founded in 1972, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $206K in total revenue in fiscal year 2024. The organization ran a surplus of $91K, a strong 44% operating margin.

Mission

ACQURE WATER FOR 526 CUSTOMERS BY PUMPING AND TREATING WATER, OPERATING, MAINTAINING AND REPAIRING EQUIPMENT AND WATER LINES NECESSARY FOR A RUAL WATER ASSOCIATION.

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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 $203,351

Investment Income $2,332

Other Revenue $0

TOTAL REVENUE $205,683

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $114,252

Other Expenses $114,258

TOTAL EXPENSES $114,258

Year-over-Year Comparison

	2024	2023	Change
Revenue	$205,683	$192,200	+0.1%
Expenses	$114,258	N/A	N/A
Net Income	$91,425	$192,200	-0.5%

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

N/A

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
FRED WALTERS	PRESIDENT	10.00	Officer	$0	$0	$0
JOBIE EVANS	VICE PRESIDENT	10.00	Officer	$0	$0	$0
PERNELL SMITH	SECRETARY/TREASURER	10.00	Officer	$0	$0	$0
ROSS SMITH	BOARD OF DIRECTOR	10.00	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	$205,683	$114,258	$523,562	$91,425

OAK GROVE WATER ASSOCIATION