GRANADA WATER ASSOCIATION

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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

1962

Legal Domicile

Principal Officer

ZACHARY BAY

Phone

7193367612

Tax Period

2024-01-01 to 2024-12-31

GRANADA WATER ASSOCIATION, founded in 1962, is a small nonprofit in the Mutual Benefit sector that reported $165K in total revenue in fiscal year 2024. Expenses of $186K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE FOR THE SUPPLY, STORAGE, AND DISTRIBUTION OF WATER TO ITS MEMBERS, SERVING 254 PEOPLE WITH 193 TAPS.

Program Service Accomplishments

Program 1

Expenses: $185,638 Revenue: $165,084

THE ASSOCIATION PROVEDES DOMESTIC WATER SERVICE TO ITS MEMBERS. FEES ARE ASSESSED TO OPERATE A SYSTEM FOR THE DIVERSION, SUPPLY, STORAGE, AND DISTRIBUTION OF WATER. APPROXIMATELY 325 USERS WITH 192...

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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 $158,275

Investment Income $6,809

Other Revenue $0

TOTAL REVENUE $165,084

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,820

Fundraising Expenses $0

Program Expenses $185,638

Other Expenses $146,818

TOTAL EXPENSES $185,638

Year-over-Year Comparison

	2024	2023	Change
Revenue	$165,084	$162,781	+0.0%
Expenses	$185,638	$182,933	+0.0%
Net Income	$-20,554	$-20,152	+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

$16,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA WILGER	SECR TREAS	6.00	Officer	$16,900	$0	$16,900
LD WEISENHORN	DIRECTOR	1.00	Director	$0	$0	$0
WARREN SCHWAB	DIRECTOR	1.00	Director	$0	$0	$0
MARK CARRIGAN	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE MUSICK	DIRECTOR	1.00	Director	$0	$0	$0
ZACHARY BAY	PRES	1.00	Officer	$0	$0	$0
NOLAN THOMPSON	VICE PRES	1.00	Officer	$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	$165,084	$185,638	$1,341,382	$-20,554
2023	$162,781	$182,933	$1,360,019	$-20,152
2022	$155,405	$160,763	$1,135,090	$-5,358
2021	$154,243	$137,829	$1,145,367	$16,414
2020	$150,804	$133,103	$1,134,142	$17,701
2019	$130,160	$129,741	$1,131,243	$419
2018	$126,766	$136,453	$1,148,513	$-9,687