HARDIN WATER ASSOCIATION INC (EIN 710394475) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1965

Legal Domicile

Principal Officer

PHILLIP SMITH

Phone

8702479639

Tax Period

2018-10-01 to 2019-09-30

HARDIN WATER ASSOCIATION INC is a small nonprofit that reported $864K in total revenue in fiscal year 2017. Expenses of $816K left a modest 6% surplus.

Mission

RURAL WATER ASSOCIATION FORMED TO PROVIDE A WATER SUPPLY FOR THE BENEFIT OF THOSE PERSONS WHO ARE MEMBERS OF THE ASSOCIATION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $805,245

Investment Income $16,924

Other Revenue $2,557

TOTAL REVENUE $824,726

Expense Breakdown

Grants Paid $0

Salaries & Benefits $241,955

Fundraising Expenses $0

Other Expenses $530,665

TOTAL EXPENSES $772,620

Year-over-Year Comparison

	2018	2017	Change
Revenue	$824,726	$863,864	0.0%
Expenses	$772,620	$815,505	-0.1%
Net Income	$52,106	$48,359	+0.1%

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

$1,797

Total Directors

$2,995

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILLIP SMITH	PRESIDENT	5.00	Officer Director	$599	$0	$599
RICHARD RHODEN	VICE PRESIDE	N/A	Officer Director	$599	$0	$599
MIKE HOLLAND	SECRETARY/TR	N/A	Officer Director	$599	$0	$599
EUGENE MEYER	DIRECTOR	N/A	Director	$599	$0	$599
GARY GOLDMAN	DIRECTOR	N/A	Director	$599	$0	$599
CURTIS WHITE	DIRECTOR	N/A	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
2019	$824,726	$772,620	$3,479,020	$52,106
2019	$169,684	$139,594	No data	$30,090
2018	$863,864	$815,505	$3,445,637	$48,359

HARDIN WATER ASSOCIATION INC