WILBURN WATER ASSOCIATION (EIN 710588758) - 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

1982

Legal Domicile

Principal Officer

BRIAN MOOREHEAD

Phone

5013622689

Tax Period

2024-01-01 to 2024-12-31

WILBURN WATER ASSOCIATION, founded in 1982, is a small nonprofit that reported $214K in total revenue in fiscal year 2018. Expenses of $235K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO MAINTAIN THE WATER SYSTEM AND TO PROVIDE WATER TO RURAL CUSTOMERS

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,472,248

Program Service Revenue $326,889

Investment Income $100

Other Revenue $4,821

TOTAL REVENUE $1,804,058

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,748

Fundraising Expenses $0

Other Expenses $201,533

TOTAL EXPENSES $341,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,804,058	$317,487	+4.7%
Expenses	$341,281	$317,699	+0.1%
Net Income	$1,462,777	$-212	-6900.9%

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

N/A

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
BO GALLEGLY	BOARD MEMBER	N/A	Director	$0	$0	$0
JOHNNY HAGGARD	BOARD MEMBER	N/A	Director	$0	$0	$0
LINDA LONG	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
BRIAN MOOREHEAD	PRESIDENT	N/A	Officer Director	$0	$0	$0
BECCA VAUGHAN	SEC/TREAS	N/A	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	$1,804,058	$341,281	$2,496,278	$1,462,777
2023	$317,487	$317,699	$1,044,518	$-212
2022	$295,506	$302,639	$1,056,679	$-7,133
2021	$282,789	$257,536	$1,074,313	$25,253
2020	$236,150	$204,179	$1,059,531	$31,971
2019	$208,934	$250,282	$1,092,242	$-41,348
2018	$213,563	$235,048	$1,145,550	$-21,485

WILBURN WATER ASSOCIATION