HARMON WATER CORPORATION

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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

1986

Legal Domicile

Principal Officer

MICHAEL MEFFORD

Tax Period

2024-07-01 to 2025-06-30

HARMON WATER CORPORATION, founded in 1986, is a small nonprofit that reported $852K in total revenue in fiscal year 2024. The organization ran a surplus of $294K, a strong 35% operating margin.

Mission

PROVIDE CLEAN SAFE DRINKING WATER FOR SMALL RURAL COMMUNITIES AND FARMERS AND RANCHERS IN SOUTHWEST OKLAHOMA

Program Service Accomplishments

Program 1

Expenses: $557,633 Revenue: $751,541

PROVIDE CLEAN SAFE DRINKING WATER FOR SMALL RURAL COMMUNITIES AND FARMERS AND RANCHERS IN SOUTHWEST OKLAHOMA.

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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 $15,000

Program Service Revenue $751,541

Investment Income $82,903

Other Revenue $2,688

TOTAL REVENUE $852,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,152

Fundraising Expenses $0

Program Expenses $557,633

Other Expenses $427,481

TOTAL EXPENSES $557,633

Year-over-Year Comparison

	2024	2023	Change
Revenue	$852,132	$790,704	+0.1%
Expenses	$557,633	$502,934	+0.1%
Net Income	$294,499	$287,770	+0.0%

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

$62,038

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES BLEVINS	MANAGER	50.00	Officer	$62,038	$0	$62,038
MICHAEL MEFFORD	PRESIDENT	3.00	Director	$0	$0	$0
SCOTTY SMITH	MEMBER	2.00	Director	$0	$0	$0
MARK RANDALL	VICE PRESIDENT	2.00	Director	$0	$0	$0
ROBERT WILLIAMS	SECTREASURER	2.00	Director	$0	$0	$0
SETH BOOKMAN	MEMBER	2.00	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	$852,132	$557,633	$3,111,481	$294,499
2024	$790,704	$502,934	$2,816,981	$287,770
2023	$722,611	$518,204	$2,616,133	$204,407
2022	$854,020	$678,477	$2,411,725	$175,543
2021	$632,586	$570,200	$2,213,782	$62,386
2020	$476,047	$491,317	$2,134,894	$-15,270
2019	$591,190	$476,472	$2,136,564	$114,718