NOOKSACK VALLEY WATER ASSOC INC (EIN 916057915) - 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

1953

Legal Domicile

Principal Officer

Janice McGillivray

Phone

3603036154

Tax Period

2025-01-01 to 2025-12-31

NOOKSACK VALLEY WATER ASSOC INC, founded in 1953, is a small nonprofit that reported $261K in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $845K represent 39 months of operating reserves.

Mission

To Provide potable water to the 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $249,849

Investment Income $10,791

Other Revenue $0

TOTAL REVENUE $260,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90

Fundraising Expenses $0

Program Expenses $257,560

Other Expenses $257,469

TOTAL EXPENSES $257,559

Year-over-Year Comparison

	2025	2024	Change
Revenue	$260,640	$234,300	+0.1%
Expenses	$257,559	$247,959	+0.0%
Net Income	$3,081	$-13,659	-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

N/A

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

$9,600

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Janice McGillivray	Secretary Bookeeper	8.00	Key Emp	$9,600	$0	$9,600
August Berendsen	Board Member	0.00	Director	$0	$0	$0
Rocky Heutink	Board Member	0.00	Director	$0	$0	$0
Ed Bosscher	Board Member	0.00	Director	$0	$0	$0
Glen Elenbaas	President	0.00	Officer	$0	$0	$0
Roger DeBruin	Vice President	0.00	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	$260,640	$257,559	$844,992	$3,081
2024	No data	No data	No data	No data
2023	$247,060	$298,034	$855,570	$-50,974
2022	$242,860	$167,920	$906,544	$74,940
2021	$285,464	$180,510	$831,604	$104,954
2020	$227,186	$249,693	$726,651	$-22,507

NOOKSACK VALLEY WATER ASSOC INC