LUDWIG WATER USERS ASSOCIATION INC (EIN 710455252) - 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

1973

Legal Domicile

Principal Officer

BEVERLY MARTIN

Phone

4797058800

Tax Period

2023-01-01 to 2023-12-31

LUDWIG WATER USERS ASSOCIATION INC, founded in 1973, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $303K in total revenue in fiscal year 2018. Expenses of $275K left a modest 9% surplus.

Mission

PROVIDE TREATED WATER TO RURAL AREAS SURROUNDING LUDWIG ARKANSAS, SERVING APPROXIMATELY 2500 PERSONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $399,920

Investment Income $9,308

Other Revenue $0

TOTAL REVENUE $409,228

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $309,862

Other Expenses $340,172

TOTAL EXPENSES $340,172

Year-over-Year Comparison

	2023	2022	Change
Revenue	$409,228	$370,007	+0.1%
Expenses	$340,172	$327,000	+0.0%
Net Income	$69,056	$43,007	+0.6%

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

$19,100

Total Directors

$19,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN MORGAN	OFFICE MANAG	20.00	Officer Director	$19,100	$0	$19,100
DENE FEIKEMA	BOARD MEMBER	0.50	Director	$0	$0	$0
BEVERLY MARTIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
YVONNE MARVEL	BOARD MEMBER	0.50	Director	$0	$0	$0
KEVIN PATTERMANN	VICE PRESIDE	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$409,228	$340,172	$1,628,358	$69,056
2022	$370,007	$327,000	$1,576,323	$43,007
2021	$347,884	$321,438	$1,553,498	$26,446
2020	$360,867	$300,903	$1,532,551	$59,964
2019	$309,864	$288,206	$1,487,860	$21,658
2018	$303,211	$275,193	$1,518,071	$28,018

LUDWIG WATER USERS ASSOCIATION INC