ELK CITY WATER AND SEWER ASSOCIATION (EIN 820295762) - 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

1966

Legal Domicile

Phone

2088422315

Tax Period

2024-01-01 to 2024-12-31

ELK CITY WATER AND SEWER ASSOCIATION, founded in 1966, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 526% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 89% operating margin.

Mission

To provide water and sewer service to members of the association.

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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 $1,931,705

Program Service Revenue $151,777

Investment Income $1,712

Other Revenue $0

TOTAL REVENUE $2,085,194

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,846

Fundraising Expenses $0

Program Expenses $220,145

Other Expenses $170,299

TOTAL EXPENSES $220,145

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,085,194	$332,907	+5.3%
Expenses	$220,145	$191,844	+0.1%
Net Income	$1,865,049	$141,063	+12.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAMAR C JOHNSON	Vice President	1.00	Officer Director	$0	$0	$0
MIKE EDMONDSON	President	1.00	Officer Director	$0	$0	$0
LISA WILLHITE	Treasurer	1.00	Officer Director	$0	$0	$0
LAYNE ZIMMERMAN	Director	1.00	Director	$0	$0	$0
ERIC NITZ	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
2024	$2,085,194	$220,145	$3,191,737	$1,865,049
2023	$332,907	$191,844	$839,641	$141,063
2022	$133,415	$277,131	$696,103	$-143,716
2021	$190,784	$175,063	$829,540	$15,721
2020	$146,654	$161,115	$819,502	$-14,461
2019	$118,821	$153,871	$842,899	$-35,050
2018	$124,924	$154,019	$885,744	$-29,095

ELK CITY WATER AND SEWER ASSOCIATION