WEST ASHLEY COUNTY WATER ASSOCIATION (EIN 710804008) - 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

1999

Legal Domicile

Principal Officer

GREGORY SIVILS

Phone

8703646748

Tax Period

2022-07-01 to 2023-06-30

WEST ASHLEY COUNTY WATER ASSOCIATION, founded in 1999, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $259K in total revenue in fiscal year 2017. Net assets of $896K represent 41 months of operating reserves.

Mission

ORGAINIZATION MAINTAINS AND OPERATES A PRIVATE WATER SYSTEM FOR SUPPLYING WATER TO ITS MEMBERS

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $322,068

Investment Income $630

Other Revenue $0

TOTAL REVENUE $322,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $277,641

TOTAL EXPENSES $277,641

Year-over-Year Comparison

	2022	2021	Change
Revenue	$322,698	$315,156	+0.0%
Expenses	$277,641	$285,361	0.0%
Net Income	$45,057	$29,795	+0.5%

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

N/A

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
EDDIE CHEATHAM	BOARD MEMBER	N/A	Director	$0	$0	$0
DON GREEN	BOARD MEMBER	N/A	Director	$0	$0	$0
MIKE HERRINGTON	BOARD MEMBER	N/A	Director	$0	$0	$0
ALBERT MILLS	BOARD MEMBER	N/A	Director	$0	$0	$0
HERMAN WHITE	BOARD MEMBER	N/A	Director	$0	$0	$0
MIKE SENNEMA	SECRETARY/TR	N/A	Officer	$0	$0	$0
GREGORY SIVILS	PRESIDENT	N/A	Officer	$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	$322,698	$277,641	$2,276,923	$45,057
2021	$282,094	$276,189	$2,326,121	$5,905
2020	$276,971	$272,824	$2,387,096	$4,147
2019	$267,210	$268,419	$2,430,552	$-1,209
2018	$259,244	$266,729	$2,507,162	$-7,485

WEST ASHLEY COUNTY WATER ASSOCIATION