KNAPPA WATER ASSOCIATION (EIN 930472403) - 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

Phone

5034586461

Tax Period

2024-01-01 to 2024-12-31

KNAPPA WATER ASSOCIATION is a small nonprofit that reported $317K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Net assets of $1.3M represent 48 months of operating reserves.

Mission

TO PROVIDE AND MAINTAIN WATER SERVICE TO OUR 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 $292,731

Investment Income $24,420

Other Revenue $0

TOTAL REVENUE $317,151

Expense Breakdown

Grants Paid $0

Salaries & Benefits $163,839

Fundraising Expenses $0

Program Expenses $256,090

Other Expenses $164,250

TOTAL EXPENSES $328,089

Year-over-Year Comparison

	2024	2023	Change
Revenue	$317,151	$394,295	-0.2%
Expenses	$328,089	$350,328	-0.1%
Net Income	$-10,938	$43,967	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CULLEN BANGS	President	1.00	Director	$0	$0	$0
RANDOLPH PEERSEN	Vice President	1.00	Director	$0	$0	$0
MICHAEL AUTIO	Director	1.00	Director	$0	$0	$0
BRYAN CORKILL	Director	1.00	Director	$0	$0	$0
JAMES DAVIS	Director	1.00	Director	$0	$0	$0
DAVID SCHAELLING	Director	1.00	Director	$0	$0	$0
ALBERT KENDE	Director	1.00	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	$317,151	$328,089	$1,293,890	$-10,938
2023	$394,295	$350,328	$1,294,089	$43,967
2022	$305,775	$337,276	$1,253,513	$-31,501
2021	$323,326	$319,674	$1,316,755	$3,652
2020	$273,190	$272,063	$1,301,660	$1,127
2019	$249,490	$261,907	$1,297,652	$-12,417
2018	$247,426	$251,890	$1,312,297	$-4,464

KNAPPA WATER ASSOCIATION