HIGHWAY 4 & 24 WATER ASSOCIATION (EIN 710640343) - 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

1984

Legal Domicile

Principal Officer

DAVID RICHARDSON

Phone

8708367331

Tax Period

2024-08-01 to 2025-07-31

HIGHWAY 4 & 24 WATER ASSOC INC is a small nonprofit in the Mutual Benefit sector that reported $414K in total revenue in fiscal year 2018. Revenue decreased 9% compared to the prior year. Expenses of $463K exceeded revenue, resulting in a 12% operating deficit.

Mission

Providing water services to 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 $0

Program Service Revenue $0

Investment Income $14,260

Other Revenue $646,970

TOTAL REVENUE $661,230

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,300

Fundraising Expenses $0

Program Expenses $517,049

Other Expenses $688,147

TOTAL EXPENSES $694,447

Year-over-Year Comparison

	2024	2023	Change
Revenue	$661,230	$641,499	+0.0%
Expenses	$694,447	$651,674	+0.1%
Net Income	$-33,217	$-10,175	+2.3%

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

$6,300

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DAVID RICHARDSON	President	Director	$4,400	$0	$4,400
GEMETA PURIFOY	Director	Director	$350	$0	$350
JOHN MCGILL	Director	Director	$350	$0	$350
CALREECE WILLIAMS	Vice President	Director	$325	$0	$325
CORBET LAMKIN	Secretary	Director	$325	$0	$325
GWEN ROBINSON	Director	Director	$300	$0	$300
CHRIS LUTMAN	Director	Director	$250	$0	$250

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	$661,230	$694,447	$2,059,361	$-33,217
2020	$526,160	$418,950	$1,482,701	$107,210
2019	$414,433	$463,450	$1,433,985	$-49,017

HIGHWAY 4 & 24 WATER ASSOCIATION