LATANIER WATER ASSOCIATION INC (EIN 721459814) - 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

1968

Legal Domicile

Principal Officer

CHARLES HATHORN

Phone

3184510649

Tax Period

2024-07-01 to 2025-06-30

LATANIER WATER ASSOCIATION INC, founded in 1968, is a small nonprofit in the Public & Societal Benefit sector that reported $146K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Net assets of $772K represent 64 months of operating reserves.

Mission

PROVIDE WATER SERVICE TO RURAL USERS 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 $107,794

Investment Income $37,907

Other Revenue $0

TOTAL REVENUE $145,701

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $148,780

Other Expenses $148,780

TOTAL EXPENSES $148,780

Year-over-Year Comparison

	2024	2023	Change
Revenue	$145,701	$172,373	-0.2%
Expenses	$148,780	$147,607	+0.0%
Net Income	$-3,079	$24,766	-1.1%

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
CHARLES HATHORN	President	1.00	Officer Director	$0	$0	$0
JAMES C COOK	Treasurer	1.00	Officer Director	$0	$0	$0
CHRISTOPHER D BROOKS	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	$145,701	$148,780	$771,748	$-3,079
2024	$172,373	$147,607	$774,827	$24,766
2023	$111,288	$121,300	$750,060	$-10,012
2022	$91,206	$109,155	$760,072	$-17,949
2021	$97,627	$72,690	$778,021	$24,937
2020	$99,131	$73,300	$753,084	$25,831
2019	$101,022	$64,035	$727,254	$36,987

LATANIER WATER ASSOCIATION INC