FREEDOM WATER ASSOCIATION (EIN 710682761) - 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

1987

Legal Domicile

Principal Officer

JOHN DAVENPORT

Phone

4793947500

Tax Period

2023-01-01 to 2023-12-31

FREEDOM WATER ASSOCIATION, founded in 1987, is a small nonprofit that reported $471K in total revenue in fiscal year 2018. Expenses of $537K exceeded revenue, resulting in a 14% operating deficit.

Mission

PROVIDE WATER TO RURAL AREAS IN AND AROUND 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $296,233

Investment Income $224

Other Revenue $1,844

TOTAL REVENUE $298,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,767

Fundraising Expenses $0

Program Expenses $295,420

Other Expenses $258,403

TOTAL EXPENSES $303,170

Year-over-Year Comparison

	2023	2022	Change
Revenue	$298,301	$603,464	-0.5%
Expenses	$303,170	$703,440	-0.6%
Net Income	$-4,869	$-99,976	-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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY JOE CRAWFORD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DAVENPORT	PRESIDENT	1.00	Officer Director	$0	$0	$0
WINGO JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
WES LYLE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MONTGOMERY	DIRECTOR	1.00	Director	$0	$0	$0
RANDALL WHORTON	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
GRADY WILDS	VICE PRESIDE	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
2023	$298,301	$303,170	No data	$-4,869
2022	$603,464	$703,440	$2,592,915	$-99,976
2021	$494,540	$629,089	$2,676,854	$-134,549
2020	$459,538	$513,902	$2,832,426	$-54,364
2019	$456,575	$492,420	$2,924,442	$-35,845
2018	$470,562	$537,273	$2,985,476	$-66,711

FREEDOM WATER ASSOCIATION