THE ACORN RURAL WATER ASSOCIATION (EIN 710675473) - 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

1986

Legal Domicile

Principal Officer

SHAWN CARTER

Phone

4793941025

Tax Period

2024-06-01 to 2025-05-31

THE ACORN RURAL WATER ASSOCIATION, founded in 1986, is a small nonprofit that reported $536K in total revenue in fiscal year 2018. Net assets of $1.4M represent 31 months of operating reserves.

Mission

TO PROVIDE WATER TO RESIDENTS IN AND AROUND RURAL MENA, ARKANSAS.

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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 $868,257

Investment Income $16,087

Other Revenue $0

TOTAL REVENUE $884,344

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,207

Fundraising Expenses $0

Program Expenses $720,889

Other Expenses $624,408

TOTAL EXPENSES $756,615

Year-over-Year Comparison

	2024	2023	Change
Revenue	$884,344	$1,218,924	-0.3%
Expenses	$756,615	$718,164	+0.1%
Net Income	$127,729	$500,760	-0.7%

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

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
CHERYL BOYD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
SHAWN CARTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHNNY DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MAY	SECRETARY	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
2025	$884,344	$756,615	$3,139,627	$127,729
2024	$1,218,924	$718,164	$3,077,137	$500,760
2023	$703,094	$657,415	$2,634,733	$45,679
2022	$556,804	$695,628	$2,686,223	$-138,824
2021	$552,487	$610,469	$2,877,657	$-57,982
2020	$556,365	$577,526	$2,994,122	$-21,161
2019	$536,174	$535,368	$3,069,583	$806

THE ACORN RURAL WATER ASSOCIATION