UNION HILL WATER ASSOCIATION (EIN 916075954) - 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

1966

Legal Domicile

Principal Officer

STEVE SERGEV

Phone

4254971812

Tax Period

2024-11-01 to 2025-10-31

UNION HILL WATER ASSOCIATION, founded in 1966, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.4M, a strong 37% operating margin.

Mission

PROVIDE WATER SERVICE TO 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,585,148

Investment Income $300,262

Other Revenue $0

TOTAL REVENUE $3,885,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $787,420

Fundraising Expenses $0

Other Expenses $1,667,383

TOTAL EXPENSES $2,454,803

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,885,410	$3,475,793	+0.1%
Expenses	$2,454,803	$2,300,437	+0.1%
Net Income	$1,430,607	$1,175,356	+0.2%

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

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

$159,146

Total Directors

$25,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AL SPENCER	PRESIDENT	3.00	Officer Director	$6,000	$0	$6,000
COLBY CAYWOOD	VICE PRESIDENT	2.00	Officer Director	$4,800	$0	$4,800
STEVE SERGEV	SECRETARY/TREASURER	2.00	Officer Director	$4,800	$0	$4,800
RICHARD HARDESTY	DIRECTOR	2.00	Director	$4,800	$0	$4,800
JAMES KLEPPE	DIRECTOR	2.00	Director	$4,800	$0	$4,800
TERESA FOWLKES	GENERAL MANAGER	25.00	Officer	$134,567	$8,979	$143,546
DAVID SMITH	FIELD MANAGER	42.00	Highest	$139,677	$11,174	$150,851

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	$3,885,410	$2,454,803	$28,040,268	$1,430,607
2024	$3,475,793	$2,300,437	$27,042,941	$1,175,356
2023	$3,466,051	$2,227,059	$26,239,030	$1,238,992
2022	$3,045,454	$2,004,114	$25,343,536	$1,041,340
2021	$2,969,757	$1,949,034	$22,211,113	$1,020,723
2020	$2,736,243	$1,796,027	$21,754,016	$940,216
2019	$2,663,678	$1,883,278	$21,453,767	$780,400
2018	$2,804,222	$1,895,002	$21,462,097	$909,220

UNION HILL WATER ASSOCIATION