HOT SPRING COUNTY WATER ASSOCIATION (EIN 710465391) - 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

1975

Legal Domicile

Principal Officer

JAMES PENNINGTON

Phone

8553845540

Tax Period

2025-01-01 to 2025-12-31

HOT SPRING COUNTY WATER ASSOCIATION, founded in 1975, is a small nonprofit that reported $659K in total revenue in fiscal year 2018. Net assets of $1.4M represent 25 months of operating reserves.

Mission

CONSTRUCTING, OPERATING AND MAINTAINING A RURAL WATER DISTRIBUTION SYSTEM FOR THE SUPPLYING OF WATER TO ITS 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $911,990

Investment Income $20,708

Other Revenue $0

TOTAL REVENUE $932,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $235,353

Fundraising Expenses $0

Program Expenses $933,809

Other Expenses $698,456

TOTAL EXPENSES $933,809

Year-over-Year Comparison

	2025	2024	Change
Revenue	$932,698	$886,700	+0.1%
Expenses	$933,809	$911,388	+0.0%
Net Income	$-1,111	$-24,688	-1.0%

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	Role	Reportable Comp	Other Comp	Total
ARVIN SHUFFIELD	DIRECTOR	Director	$0	$0	$0
MILTON PAREDES	DIRECTOR	Director	$0	$0	$0
BARRY CHANCELLOR	DIRECTOR	Director	$0	$0	$0
MATT WILLIAMS	DIRECTOR	Director	$0	$0	$0
JAMES PENNINGTON	PRESIDENT	Officer Director	$0	$0	$0
JOHN CHINE	VICE PRESIDENT	Officer Director	$0	$0	$0
ADAM JESTER	DIRECTOR	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
2025	$932,698	$933,809	$2,047,100	$-1,111
2024	$886,700	$911,388	$2,072,423	$-24,688
2023	$811,717	$824,047	$2,131,430	$-12,330
2022	$782,172	$814,108	$2,151,062	$-31,936
2021	$745,985	$725,178	$2,191,617	$20,807
2020	$686,913	$645,854	$2,183,347	$41,059
2019	$674,769	$667,276	$2,159,385	$7,493
2018	$659,344	$659,270	$2,166,694	$74

HOT SPRING COUNTY WATER ASSOCIATION