MORGAN SECONDARY WATER ASSOCIATION (EIN 870649166) - 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

2003

Legal Domicile

Principal Officer

BRETT NELSON

Phone

8018294424

Tax Period

2025-01-01 to 2025-12-31

MORGAN SECONDARY WATER ASSOCIATION, founded in 2003, is a small nonprofit in the Public & Societal Benefit sector that reported $856K in total revenue in fiscal year 2025. Revenue decreased 16% compared to the prior year.

Mission

WATER WAS PROVIDED TO MEMBER RESIDENTS FOR SECONDARY USE

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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 (2025)

Revenue Breakdown

Contributions & Grants $555,635

Program Service Revenue $293,138

Investment Income $7,177

Other Revenue $0

TOTAL REVENUE $855,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,551

Fundraising Expenses $0

Other Expenses $833,284

TOTAL EXPENSES $906,835

Year-over-Year Comparison

	2025	2024	Change
Revenue	$855,950	$1,019,005	-0.2%
Expenses	$906,835	$1,174,067	-0.2%
Net Income	$-50,885	$-155,062	-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

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

$45,495

Total Directors

$45,495

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARCIE HARRIS	Secretary	21.00	Officer Director	$43,868	$0	$43,868
BRETT NELSON	President	1.00	Officer Director	$1,477	$0	$1,477
MITCH FRANCIS	Vice President	1.00	Officer Director	$150	$0	$150
BRYAN BOYCE	Director	0.00	Director	$0	$0	$0
RANDY POTTER	Director	0.00	Director	$0	$0	$0
BRUCE CLARK	Director	0.00	Director	$0	$0	$0
MARK WALKER	Director	0.00	Director	$0	$0	$0
ROD SPENCER	Director	0.00	Director	$0	$0	$0
LANE TURNER	Director	0.00	Director	$0	$0	$0
SUSAN LARGE	Director	0.00	Director	$0	$0	$0
KENT CARTER	Director	0.00	Director	$0	$0	$0
MATT MECHAM	Director	0.00	Director	$0	$0	$0
AUGGIE ROSE	Director	0.00	Director	$0	$0	$0
SHANE PENTZ	Director	0.00	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
2025	$855,950	$906,835	$1,672,042	$-50,885
2024	$1,019,005	$1,174,067	$1,834,891	$-155,062
2023	$259,803	$565,802	$1,939,142	$-305,999
2022	$228,548	$176,769	$2,008,399	$51,779
2021	$242,423	$168,140	$2,052,499	$74,283
2020	$242,165	$198,362	$2,065,992	$43,803
2019	$219,422	$175,864	$2,101,298	$43,558
2018	$224,432	$198,037	$2,133,313	$26,395

MORGAN SECONDARY WATER ASSOCIATION