CUSTER WATER ASSOCIATION (EIN 916049974) - 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

1954

Legal Domicile

Principal Officer

CURTIS DEVRIES

Phone

3609619496

Tax Period

2024-11-01 to 2025-10-31

CUSTER WATER ASSOCIATION, founded in 1954, is a small nonprofit that reported $223K in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $116K, a strong 52% operating margin.

Mission

Delivering water to more than 200 property owners in area

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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 $217,685

Investment Income $5,744

Other Revenue $0

TOTAL REVENUE $223,429

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,075

Fundraising Expenses $0

Program Expenses $106,426

Other Expenses $93,439

TOTAL EXPENSES $107,514

Year-over-Year Comparison

	2024	2023	Change
Revenue	$223,429	$121,185	+0.8%
Expenses	$107,514	$140,459	-0.2%
Net Income	$115,915	$-19,274	-7.0%

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

$1,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Curtis Devries	President	1.00	Officer	$1,200	$0	$1,200
Rae Spain	Trustee	1.00	Director	$0	$0	$0
Nancy Brandt	Secretary/Treasurer	1.00	Officer	$0	$0	$0
Bill Coughran	Vice President	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
2025	$223,429	$107,514	$1,224,903	$115,915
2024	$121,185	$140,459	$1,102,981	$-19,274
2023	$346,237	$245,392	$1,123,522	$100,845
2022	$147,701	$105,505	$1,028,526	$42,196
2021	$119,753	$108,888	$982,681	$10,865
2020	$107,685	$112,257	$970,897	$-4,572
2019	$99,057	$93,885	$973,083	$5,172
2018	$108,753	$81,830	$968,224	$26,923

CUSTER WATER ASSOCIATION