NORTH SHELBY WATER COMPANY (EIN 237115869) - 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

1972

Legal Domicile

Principal Officer

BRYAN FRANKLIN

Phone

5027478942

Tax Period

2023-01-01 to 2023-12-31

NORTH SHELBY WATER COMPANY, founded in 1972, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Expenses of $2.5M left a modest 12% surplus.

Mission

TO PROVIDE MEMBERS WITH DEPENDABLE, CONVENIENT, AND SAFE WATER AT A REASONABLE RATE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $434,089

Investment Income $140,948

Other Revenue $2,233,353

TOTAL REVENUE $2,808,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $845,214

Fundraising Expenses $0

Program Expenses $2,375,898

Other Expenses $1,612,779

TOTAL EXPENSES $2,457,993

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,808,390	$2,632,170	+0.1%
Expenses	$2,457,993	$2,598,065	-0.1%
Net Income	$350,397	$34,105	+9.3%

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

$18,100

Total Directors

$39,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN FRANKLIN	President	1.00	Officer Director	$12,100	$0	$12,100
JOHN MCGINNIS III	SECRETARY/TREAS	1.00	Officer Director	$6,000	$0	$6,000
KEVIN ARMSTRONG	COMMISSIONER	1.00	Director	$3,700	$0	$3,700
HOWARD YOUNG	COMMISSIONER	1.00	Director	$3,600	$0	$3,600
HERBERT MCCOUN	COMMISSIONER	1.00	Director	$3,600	$0	$3,600
JIM SMITH	COMMISSIONER	1.00	Director	$3,600	$0	$3,600
JAMES ANGLIN	COMMISSIONER	1.00	Director	$3,400	$0	$3,400
CHARLES DOANE	COMMISSIONER	1.00	Director	$3,300	$0	$3,300

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	No data	No data	No data	No data
2023	$2,808,390	$2,457,993	$23,283,406	$350,397
2022	$2,632,170	$2,598,065	$23,557,806	$34,105
2021	$2,711,885	$2,591,665	$23,361,275	$120,220
2020	$2,418,011	$2,448,976	$23,103,327	$-30,965

NORTH SHELBY WATER COMPANY