PRINCETON-TULIP WATER ASSOCIATION (EIN 710718280) - 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

1992

Legal Domicile

Principal Officer

RANDY HARRIS

Phone

8702542424

Tax Period

2025-01-01 to 2025-12-31

PRINCETON-TULIP WATER ASSOCIATION, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $217K in total revenue in fiscal year 2018. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $278K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO PROVIDE WATER TO RESIDENTS AND BUSINESSES IN THE LOCAL, RURAL AREA OF LEOLA, 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $341,136

Investment Income $2,575

Other Revenue $0

TOTAL REVENUE $343,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $296,412

Other Expenses $301,092

TOTAL EXPENSES $301,092

Year-over-Year Comparison

	2025	2024	Change
Revenue	$343,711	$321,938	+0.1%
Expenses	$301,092	$288,614	+0.0%
Net Income	$42,619	$33,324	+0.3%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE GAGE	DIRECTOR	1.00	Director	$0	$0	$0
RANDY HARRIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN HEARD	DIRECTOR	1.00	Director	$0	$0	$0
VERNA JONES	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MAC NICHOL	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
RODNEY OWENS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL RAMSEY	DIRECTOR	1.00	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
2025	$343,711	$301,092	$1,866,061	$42,619
2024	No data	No data	No data	No data
2023	$442,080	$319,772	$1,860,795	$122,308
2022	$257,706	$308,540	$1,772,822	$-50,834
2021	$233,354	$290,354	$1,859,936	$-57,000
2020	$232,940	$255,029	$1,949,293	$-22,089
2019	$227,306	$327,698	$2,003,488	$-100,392
2018	$216,630	$278,321	$2,142,010	$-61,691

PRINCETON-TULIP WATER ASSOCIATION