POLLOCK AREA WATER SYSTEM INC (EIN 720987513) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Principal Officer

RANDY DAVIS

Phone

3186411601

Tax Period

2024-10-01 to 2025-09-30

POLLOCK AREA WATER SYSTEM INC, founded in 1970, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $571K, a strong 41% operating margin.

Mission

TO PROVIDE POTABLE WATER TO RURAL CUSTOMERS IN CENTRAL LA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $801,430

Investment Income $1,364

Other Revenue $577,152

TOTAL REVENUE $1,379,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $295,815

Fundraising Expenses $0

Program Expenses $809,086

Other Expenses $513,271

TOTAL EXPENSES $809,086

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,379,946	$1,170,818	+0.2%
Expenses	$809,086	$730,404	+0.1%
Net Income	$570,860	$440,414	+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

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

$6,000

Total Directors

$1,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY DAVIS	President	2.00	Officer	$4,200	$0	$4,200
MYRTLE DEAN QUINN	Director	1.00	Director	$900	$0	$900
NICHOLAS LEMOINE	Director	1.00	Director	$900	$0	$900
LORETTA TONEY	SECRETARY/TREAS	4.00	Officer	$900	$0	$900
GEORGE HINDS SR	Vice President	1.00	Officer	$900	$0	$900

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	$1,379,946	$809,086	$3,770,070	$570,860
2024	$1,170,818	$730,404	$3,241,526	$440,414
2023	$770,078	$683,201	$3,010,362	$86,877
2022	$659,735	$642,201	$2,793,869	$17,534
2021	$704,716	$610,305	$2,807,396	$94,411
2020	$608,177	$604,223	$2,782,621	$3,954
2019	$514,784	$634,699	$2,769,297	$-119,915

POLLOCK AREA WATER SYSTEM INC