May Valley Water Association (EIN 846059738) - 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

1963

Legal Domicile

Principal Officer

Greg L Colvin

Phone

7198294571

Tax Period

2024-07-01 to 2025-06-30

May Valley Water Association, founded in 1963, is a small nonprofit that reported $857K in total revenue in fiscal year 2024. Expenses of $792K left a modest 8% surplus.

Mission

Provide water to members under the May Valley Water 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 $0

Program Service Revenue $799,186

Investment Income $11,880

Other Revenue $45,900

TOTAL REVENUE $856,966

Expense Breakdown

Grants Paid $7,899

Salaries & Benefits $331,301

Fundraising Expenses $0

Program Expenses $791,673

Other Expenses $452,473

TOTAL EXPENSES $791,673

Year-over-Year Comparison

	2024	2023	Change
Revenue	$856,966	$798,346	+0.1%
Expenses	$791,673	$836,816	-0.1%
Net Income	$65,293	$-38,470	-2.7%

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

$3,975

Total Directors

$900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG L COLVIN	President	2.00	Officer	$1,275	$0	$1,275
DALE MAUCH	Assistant Secretary	2.00	Officer	$975	$0	$975
ROBERT FLEMING	Director	2.00	Director	$900	$0	$900
DAVID BRASE	VicePresident	2.00	Officer	$900	$0	$900
MIKE DOWNING	Secretary	2.00	Officer	$825	$0	$825

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	$856,966	$791,673	$953,899	$65,293
2024	$798,346	$836,816	$928,841	$-38,470
2023	$692,455	$654,380	$971,529	$38,075
2022	$657,899	$692,078	$966,178	$-34,179
2021	$685,230	$603,872	$985,511	$81,358

May Valley Water Association