CITIZENS WATER SERVICE INC (EIN 237137004) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Phone

2055562224

Tax Period

2024-07-01 to 2025-06-30

CITIZENS WATER SERVICE INC, founded in 1974, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2018. The organization ran a surplus of $456K, a strong 18% operating margin.

Mission

PROVIDE DRINKING WATER TO APPROXIMATELY 5000 CUSTOMERS IN ADJOINING MUNICIPALITIES AND SURROUNDING AREAS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,531,725

Program Service Revenue $4,378,077

Investment Income $104,626

Other Revenue $34,781

TOTAL REVENUE $6,049,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,174,796

Fundraising Expenses $0

Program Expenses $3,686,958

Other Expenses $2,512,162

TOTAL EXPENSES $3,686,958

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,049,209	$3,609,436	+0.7%
Expenses	$3,686,958	$3,400,772	+0.1%
Net Income	$2,362,251	$208,664	+10.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILLY HUBBARD	BOARD	1.00	Director	$0	$0	$0
MARK STANLEY	BOARD	1.00	Director	$0	$0	$0
MICHAEL H PLOWMAN	GENERAL MANAGER	40.00	Director Key Emp	$0	$0	$0
PAUL COOK	BOARD	1.00	Director	$0	$0	$0
KENNY HERRING	PRESIDENT	5.00	Officer	$0	$0	$0
STEVE MCPHERSON	VICE PRESIDENT	5.00	Officer	$0	$0	$0
FORREST HUDSON	SECRETARY	1.00	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
2025	$6,049,209	$3,686,958	$18,455,797	$2,362,251
2024	$3,609,436	$3,400,772	$16,413,503	$208,664
2023	$5,296,929	$3,044,253	$15,957,474	$2,252,676
2021	$2,429,495	$2,571,453	$12,116,791	$-141,958
2020	$2,620,330	$2,443,779	$12,019,671	$176,551
2019	$2,464,843	$2,009,047	$12,325,023	$455,796

CITIZENS WATER SERVICE INC