PLEASANT RIDGE WATER ASSOCIATION (EIN 646037809) - 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

KIMBLE SHOWS

Phone

6017638515

Tax Period

2024-07-01 to 2025-06-30

PLEASANT RIDGE WATER ASSOCIATION, founded in 1966, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. The organization ran a surplus of $212K, a strong 18% operating margin.

Mission

TO PROVIDE WATER TO THE MEMBERS OF PLEASANT RIDGE 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 $1,069,987

Investment Income $28,144

Other Revenue $57,786

TOTAL REVENUE $1,155,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $477,164

Fundraising Expenses $0

Other Expenses $466,428

TOTAL EXPENSES $943,592

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,155,917	$1,158,884	0.0%
Expenses	$943,592	$952,553	0.0%
Net Income	$212,325	$206,331	+0.0%

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
BILLY HERRINGTON	DIRECTOR	1.00	Officer	$0	$0	$0
JOHN DAVID JEFCOAT	DIRECTOR	1.00	Officer	$0	$0	$0
JAMES THOMAS PICKERING	VICE PRESIDE	1.00	Officer	$0	$0	$0
KIMBLE SHOWS	PRESIDENT	1.00	Officer	$0	$0	$0
WILLIAM T SHOWS	DIRECTOR	1.00	Officer	$0	$0	$0
SCOTT TEW	DIRECTOR	1.00	Officer	$0	$0	$0
FREDDIE WELCH	SEC-TREASURE	1.00	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	$1,155,917	$943,592	$3,156,480	$212,325
2024	$1,158,884	$952,553	$2,911,406	$206,331
2023	$1,047,415	$885,343	$2,694,364	$162,072
2022	$914,158	$823,568	$2,585,059	$90,590
2021	$920,908	$773,719	$2,484,931	$147,189
2020	$868,997	$786,126	$2,335,444	$82,871
2019	$899,573	$732,005	$2,248,524	$167,568

PLEASANT RIDGE WATER ASSOCIATION