LYDESDALE WATER ASSOCIATION INC (EIN 710599391) - 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

1983

Legal Domicile

Principal Officer

TOMMY JACKS

Phone

8705962634

Tax Period

2024-01-01 to 2024-12-31

LYDESDALE WATER ASSOCIATION INC, founded in 1983, is a micro nonprofit in the Mutual Benefit sector that reported $79K in total revenue in fiscal year 2018. Expenses of $89K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO CONSTRUCT, MAINTAIN AND OPERATE A WATER DISTRIBUTION SYSTEM FOR RESIDENTS OF THE COMMUNITY LOCATED IN COLUMBIA COUNTY, AR

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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 $0

Program Service Revenue $86,480

Investment Income $24

Other Revenue $0

TOTAL REVENUE $86,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $67,243

TOTAL EXPENSES $67,243

Year-over-Year Comparison

	2024	2023	Change
Revenue	$86,504	$87,237	0.0%
Expenses	$67,243	$87,027	-0.2%
Net Income	$19,261	$210	+90.7%

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

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
TOMMY JACKS	CHAIRMAN OF THE BOARD	2.00	Officer Director	$0	$0	$0
JIMMY WILSON	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
KEVIN MILLER	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID DANIEL	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS EVANS	BOARD MEMBER	2.00	Director	$0	$0	$0
BARBARA STAGGS	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREW MOFFETT	BOARD MEMBER	2.00	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	$86,504	$67,243	$234,597	$19,261
2023	$87,237	$87,027	$208,494	$210
2022	$78,898	$88,482	$208,377	$-9,584
2021	$76,598	$88,043	$217,442	$-11,445
2020	$73,603	$76,912	$227,481	$-3,309
2019	$88,625	$70,677	$247,231	$17,948
2018	$78,662	$88,701	$235,845	$-10,039

LYDESDALE WATER ASSOCIATION INC