SOUTH HARRISON WATER CORPORATION

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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

ALLEN PURSELL

Phone

8129683425

Tax Period

2025-01-01 to 2025-12-31

SOUTH HARRISON WATER CORPORATION, founded in 1972, is a community nonprofit in the Public & Societal Benefit sector that reported $2.5M in total revenue in fiscal year 2025.

Mission

SOUTH HARRISON WATER CORPORATION'S MISSION IS TO PROVIDE ITS MEMBERS WITH QUALITY WATER, EXCELLENT CUSTOMER SERVICE, AND REASONABLE RATES. FURTHERMORE, THEIR MISSION IS TO IMPROVE THE QUALITY OF LIFE THROUGHOUT THEIR SERVICE TERRITORY AND TO SUPPORT ECONOMIC DEVELOPMENT.

Program Service Accomplishments

Program 1

PROVIDES METERED WATER SERVICE TO APPROXIMATELY 3,500 MEMBERS ON A COOPERATIVE BASIS

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,478,056

Investment Income $44,752

Other Revenue $0

TOTAL REVENUE $2,522,808

Expense Breakdown

Grants Paid $0

Salaries & Benefits $933,494

Fundraising Expenses $0

Other Expenses $1,639,491

TOTAL EXPENSES $2,572,985

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,522,808	$2,351,255	+0.1%
Expenses	$2,572,985	$2,300,918	+0.1%
Net Income	$-50,177	$50,337	-2.0%

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

$95,098

Total Directors

$12,150

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLEN PURSELL	PRESIDENT	5.00	Director	$1,500	$0	$1,500
KENNETH SAULMAN	VICE PRESIDENT	5.00	Director	$1,200	$0	$1,200
GARY EILER	TREASURER	5.00	Director	$1,625	$0	$1,625
SALLY WILLAR	SECRETARY	5.00	Director	$1,500	$0	$1,500
MICHAEL RADMACHER	DIRECTOR	2.00	Director	$1,625	$0	$1,625
KYLE ESCHBACHER	DIRECTOR	2.00	Director	$1,000	$0	$1,000
GLENN WALKER	DIRECTOR	2.00	Director	$1,300	$0	$1,300
BRAD WELLMAN	DIRECTOR	2.00	Director	$1,300	$0	$1,300
ROGER FREDERICK	DIRECTOR	2.00	Director	$1,100	$0	$1,100
BRADLEY LILLPOP	GENERAL MANAGER	40.00	Officer	$95,098	$0	$95,098

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	$2,522,808	$2,572,985	$14,491,095	$-50,177
2024	$2,351,255	$2,300,918	$14,613,355	$50,337
2023	$2,021,652	$2,181,005	$14,561,578	$-159,353
2022	$1,955,338	$2,100,906	$14,826,798	$-145,568
2021	$1,694,593	$2,018,512	$15,060,145	$-323,919