PAA-KO COMMUNITIES SEWER ASSOCIATI… - Form 990 Financial Data

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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

1993

Legal Domicile

Principal Officer

MIKE BOICE

Phone

5057300082

Tax Period

2024-01-01 to 2024-12-31

PAA-KO COMMUNITIES SEWER ASSOCIATION, founded in 1993, is a small nonprofit that reported $539K in total revenue in fiscal year 2024. Net assets of $1.5M represent 33 months of operating reserves.

Mission

TO PROVIDE SEWER SERVICE TO ITS MEMBERS-OWNED AND OPERATED SEWER UTILITY SYSTEM AND TO DEVELOP ADEQUATE AND SANITARY SEWER WORKS, INCLUDING THE CONSTRUCTION OF SEWAGE TREATMENT FACILITIES AND OTHER NECESSARY IMPROVEMENTS AND EXPANSION OF ITS SEWER SYSTEM.

Program Service Accomplishments

Program 1

THE ORGANIZATION OPERATES THE SEWER UTILITY SYSTEM FOR ITS MEMBERS. OPERATIONS INCLUDE CONSTRUCTION AND MAINTAINING THE SEWER SYSTEMS.

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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 $518,294

Investment Income $21,079

Other Revenue $0

TOTAL REVENUE $539,373

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $576,965

TOTAL EXPENSES $576,965

Year-over-Year Comparison

	2024	2023	Change
Revenue	$539,373	$523,254	+0.0%
Expenses	$576,965	$634,588	-0.1%
Net Income	$-37,592	$-111,334	-0.7%

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

N/A

Volunteers

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
MICHAEL BOICE	PRESIDENT	5.00	Officer Director	$0	$0	$0
MARTIN MORRISON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JEROME GONZALES AS OF 0701	TREASURER	2.00	Officer Director	$0	$0	$0
GREG WALKER THRU 0701	TREASURER	2.00	Officer Director	$0	$0	$0
SUSAN BARISAS	SECRETARY	2.00	Officer Director	$0	$0	$0
SCOTT VERHINES	DIRECTOR	2.00	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	$539,373	$576,965	$1,943,905	$-37,592
2023	$523,254	$634,588	$2,028,499	$-111,334
2022	$453,502	$574,457	$2,240,747	$-120,955
2021	$418,144	$616,478	$2,426,819	$-198,334
2020	$432,903	$482,016	$2,725,683	$-49,113
2019	$409,807	$510,949	$2,948,082	$-101,142
2018	$403,343	$500,666	$3,109,999	$-97,323

PAA-KO COMMUNITIES SEWER ASSOCIATION