QUINCY WATER ASSOCIATION INC (EIN 936032369) - 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

1970

Legal Domicile

Phone

5037283938

Tax Period

2024-01-01 to 2024-12-31

QUINCY WATER ASSOCIATION INC, founded in 1970, is a small nonprofit that reported $139K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $22K, a strong 16% operating margin.

Mission

TO SERVE THE WATER NEEDS OF THE QUINCY COMMUNITY, WHICH IS LOCATED APPROX 4 MILES OUTSIDE OF CLATSKANIE OR. IT IS HELD AS A PRIVATELY OWNED INCORPORATED COOPERATIVE. THE WATER SYSTEM CURRENTLY UTILIZES AN UNDERGROUND WATER SOURCE.

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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 $134,968

Investment Income $3,551

Other Revenue $0

TOTAL REVENUE $138,519

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $116,623

Other Expenses $116,623

TOTAL EXPENSES $116,623

Year-over-Year Comparison

	2024	2023	Change
Revenue	$138,519	$128,200	+0.1%
Expenses	$116,623	$88,464	+0.3%
Net Income	$21,896	$39,736	-0.4%

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

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

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
TITO CALDERON	BOARD MEMBER	Director	$0	$0	$0
LARRY HAATIA	BOARD MEMBER	Director	$0	$0	$0
MIKE ROBERTS	PRESIDENT	Officer	$0	$0	$0
BRENT JONES	VICE PRESIDENT	Officer	$0	$0	$0
ERIC HAMILTON	SECRETARYTREASURER	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
2024	$138,519	$116,623	$436,058	$21,896
2023	$128,200	$88,464	$438,969	$39,736
2022	$135,010	$80,894	$417,275	$54,116
2021	$118,007	$80,036	$380,599	$37,971
2020	$153,302	$78,896	$360,495	$74,406
2019	$115,565	$118,367	$341,756	$-2,802
2018	$102,713	$86,553	$360,314	$16,160

QUINCY WATER ASSOCIATION INC