A & B WATER ASSOCIATION (EIN 846038675) - 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

1962

Legal Domicile

Principal Officer

LEONARD THOMPSON

Phone

7196881069

Tax Period

2024-01-01 to 2024-12-31

A & B WATER ASSOCIATION, founded in 1962, is a micro nonprofit that reported $65K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $62K left a modest 6% surplus.

Mission

TO PROVIDE QUALITY WATER TO ITS MEMBERS

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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 $63,206

Investment Income $2,086

Other Revenue $0

TOTAL REVENUE $65,292

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $61,579

Other Expenses $61,579

TOTAL EXPENSES $61,579

Year-over-Year Comparison

	2024	2023	Change
Revenue	$65,292	$50,650	+0.3%
Expenses	$61,579	$73,311	-0.2%
Net Income	$3,713	$-22,661	-1.2%

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

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
TERRY HOWLAND	DIRECTOR	1.00	Director	$0	$0	$0
TRENT HOWLAND	DIRECTOR	1.00	Director	$0	$0	$0
LEONARD THOMPSON	PRESIDENT	2.00	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	$65,292	$61,579	$730,276	$3,713
2023	$50,650	$73,311	$734,393	$-22,661
2022	$56,799	$64,451	$764,692	$-7,652
2021	$48,892	$56,538	$779,793	$-7,646
2020	$57,327	$54,561	$794,705	$2,766
2019	$47,785	$55,226	$799,025	$-7,441
2018	$41,960	$54,291	$813,378	$-12,331

A & B WATER ASSOCIATION