NEW LIGHT WATER ASSOCIATION INC

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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

1978

Legal Domicile

Phone

6623234027

Tax Period

2024-07-01 to 2025-06-30

NEW LIGHT WATER ASSOCIATION INC, founded in 1978, is a small nonprofit in the Mutual Benefit sector that reported $187K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $174K left a modest 7% surplus.

Mission

TO PROVIDE RURAL WATER SERVICE

Program Service Accomplishments

Program 1

Expenses: $173,405

EXPENSES ASSOCIATED WITH RUNNING AND MAINTAINING OF THE WATER SYSTEM ACCOUNTING, ELECTRICITY, REPAIRS, EQUIPMENT NOTE INTEREST, OUTSIDE SERVICES, DEPRECIATION AND BILLING USERS FOR WATER SERVICE...

EXPENSES ASSOCIATED WITH RUNNING AND MAINTAINING OF THE WATER SYSTEM ACCOUNTING, ELECTRICITY, REPAIRS, EQUIPMENT NOTE INTEREST, OUTSIDE SERVICES, DEPRECIATION AND BILLING USERS FOR WATER SERVICE, POSTAGE, METER READING

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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 $177,160

Investment Income $9,464

Other Revenue $0

TOTAL REVENUE $186,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $173,405

Other Expenses $174,402

TOTAL EXPENSES $174,402

Year-over-Year Comparison

	2024	2023	Change
Revenue	$186,624	$163,848	+0.1%
Expenses	$174,402	$158,894	+0.1%
Net Income	$12,222	$4,954	+1.5%

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

206

Independent Members

206

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	Role	Reportable Comp	Other Comp	Total
MARY JANE COIGN	PRESIDENT	Director	$0	$0	$0
KALYN COATNEY	TREASURER	Director	$0	$0	$0
DAVID MAY	MEMBER	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	$186,624	$174,402	$460,216	$12,222
2024	$163,848	$158,894	$454,543	$4,954
2023	$134,371	$147,291	$455,899	$-12,920
2022	$140,330	$162,114	$474,852	$-21,784
2021	$114,842	$130,253	$515,098	$-15,411
2020	$110,874	$125,395	$536,024	$-14,521
2019	$99,028	$129,811	$555,816	$-30,783