Holley-navarre Water System

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

13 people listed

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

To construct, maintain, and operate a water and sewage system for the use and benefit of its members.

To supply water service to approximately 17,800 active members.

Revenue model: Earned-program. 77% of the money available for current operations came from fees and other program revenue.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Yes; rating input score 100
Related-party transparency: Yes; rating input score 100

Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: 31%; rating input score 89; 89th percentile among comparable filings
Total-asset coverage ratio: 8.69; rating input score 90; 90th percentile among comparable filings
Liabilities to assets ratio: 0.29; rating input score 47; 47th percentile among comparable filings
Officer compensation ratio: 6.1%; rating input score 42; 42nd percentile among comparable filings

Program expense growth: Limited
Revenue growth: 6.7% per year; rating input score 100; 57th percentile among comparable filings
Asset growth: 4.1% per year; rating input score 100; 29th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $192K · 13 people listed · 0 of 6 pay-setting controls reported
Highest-paid contractors: 5 contractors listed · $11.4M reported
Consistency: 13 of 13 current checks pass
Schedules: 5 filed schedules · includes major donors and executive pay
Filing history: 14 filing years from 2010 to 2024
Contacts: How to reach this organization
Money network: 5 filed money-flow records
Related organizations: 2 filed related-organization links
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.