CHOICE WATER SUPPLY CORPORATION (EIN 237112000) - 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

1964

Legal Domicile

Principal Officer

KEN BOLES

Phone

9365909177

Tax Period

2024-01-01 to 2024-12-31

CHOICE WATER SUPPLY CORPORATION, founded in 1964, is a small nonprofit that reported $234K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $47K, a strong 20% operating margin.

Mission

THE MISSION OF THE WATER SUPPLY IS TO PROVIDE WATER SERVICE TO A RURAL AREA OF SHELBY COUNTY. THE MISSION IS TO BE ABLE TO PROVIDE A CLEAN, SAFE WATER SUPPLY TO THE GROWING CUSTOMER BASE.

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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 $232,099

Investment Income $2,390

Other Revenue $0

TOTAL REVENUE $234,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $187,624

Other Expenses $187,624

TOTAL EXPENSES $187,624

Year-over-Year Comparison

	2024	2023	Change
Revenue	$234,489	$266,043	-0.1%
Expenses	$187,624	$177,707	+0.1%
Net Income	$46,865	$88,336	-0.5%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN BOLES	PRESIDENT	1.00	Officer Director	$0	$0	$0
GLENN MATTHEWS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DAVID WHEELER	DIRECTOR	1.00	Officer 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	$234,489	$187,624	$1,301,334	$46,865
2023	$266,043	$177,707	$1,253,562	$88,336
2022	$212,136	$186,529	$1,164,912	$25,607
2021	$263,510	$167,617	$1,139,216	$95,893
2020	$235,700	$167,407	$1,042,053	$68,293
2019	$184,150	$172,090	$973,524	$12,060
2018	$198,635	$146,131	$961,137	$52,504

CHOICE WATER SUPPLY CORPORATION