SMITH BEND WATER SUPPLY CORPORATION (EIN 237297094) - 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

1968

Legal Domicile

Principal Officer

JERRY WHITE

Phone

2549325345

Tax Period

2024-07-01 to 2025-06-30

SMITH BEND WATER SUPPLY CORPORATION, founded in 1968, is a small nonprofit that reported $256K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Net assets of $780K represent 37 months of operating reserves.

Mission

PROVIDE WATER UTILITY SERVICE TO MEMBERS

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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 $251,611

Investment Income $3,408

Other Revenue $1,426

TOTAL REVENUE $256,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $213,916

Other Expenses $249,697

TOTAL EXPENSES $249,697

Year-over-Year Comparison

	2024	2023	Change
Revenue	$256,445	$655,420	-0.6%
Expenses	$249,697	$249,189	+0.0%
Net Income	$6,748	$406,231	-1.0%

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

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	Role	Reportable Comp	Other Comp	Total
JAMES NOLEN	PRESIDENT	Officer Director	$0	$0	$0
DANNY BURNETT	VICE-PRES	Officer Director	$0	$0	$0
RUSSELL DORWARD	DIRECTOR	Director	$0	$0	$0
JUDY WASSON	DIRECTOR	Director	$0	$0	$0
JIM MABRY	DIRECTOR	Director	$0	$0	$0
CRAIG ROBINSON	DIRECTOR	Director	$0	$0	$0
RUSSELL DORWARD JR	DIRECTOR	Director	$0	$0	$0
JERRY WHITE	SEC-TREAS	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	$256,445	$249,697	$968,408	$6,748
2024	$655,420	$249,189	$981,024	$406,231
2023	$259,540	$244,329	$533,609	$15,211
2022	$218,630	$216,353	$512,879	$2,277
2021	$219,614	$179,440	$477,462	$40,174
2020	$199,438	$186,125	$491,096	$13,313
2019	$180,095	$178,255	$484,531	$1,840
2018	$206,118	$166,687	$531,034	$39,431

SMITH BEND WATER SUPPLY CORPORATION