LEE COUNTY WATER ASSOCIATION INC (EIN 710446632) - 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

1970

Legal Domicile

Principal Officer

BOBBY HOLMES

Phone

8702956019

Tax Period

2022-11-01 to 2023-10-31

LEE COUNTY WATER ASSOCIATION INC, founded in 1970, is a small nonprofit that reported $656K in total revenue in fiscal year 2017. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $595K left a modest 9% surplus.

Mission

PROVIDING PORTABLE WATER TO MEMBERS

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $604,536

Investment Income $2,459

Other Revenue $0

TOTAL REVENUE $606,995

Expense Breakdown

Grants Paid $0

Salaries & Benefits $263,328

Fundraising Expenses $0

Program Expenses $653,902

Other Expenses $390,574

TOTAL EXPENSES $653,902

Year-over-Year Comparison

	2022	2021	Change
Revenue	$606,995	$592,374	+0.0%
Expenses	$653,902	$624,450	+0.0%
Net Income	$-46,907	$-32,076	+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

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

$4,200

Total Directors

$6,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOBBY HOLMES	DIRECTOR/PRE	1.00	Officer Director	$1,150	$0	$1,150
EARNEST SPARKS	DIRECTOR/V-P	N/A	Officer Director	$1,525	$0	$1,525
DANNY ODLE	DIRECTOR/SEC	N/A	Officer Director	$1,525	$0	$1,525
CHRISTOPHER WHITEHEAD	DIRECTOR	N/A	Director	$1,275	$0	$1,275
KEITH FREELAND	DIRECTOR	N/A	Director	$1,275	$0	$1,275

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	$606,995	$653,902	$3,686,126	$-46,907
2022	$592,374	$624,450	$3,766,529	$-32,076
2021	$638,526	$667,575	$3,847,780	$-29,049
2020	$614,477	$585,627	$4,052,925	$28,850
2020	$615,532	$637,981	$3,894,739	$-22,449
2019	$612,391	$607,169	$3,951,792	$5,222
2018	$656,239	$594,870	$4,007,571	$61,369

LEE COUNTY WATER ASSOCIATION INC