DRIFTWOOD UTILITIES INC (EIN 237319446) - 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

1970

Legal Domicile

Principal Officer

JASON NEWTON

Phone

8125268177

Tax Period

2025-01-01 to 2025-12-31

DRIFTWOOD UTILITIES INC, founded in 1970, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2025. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $1.4M exceeded revenue, resulting in a 21% operating deficit.

Mission

THE SOLE PURPOSE OF THE ORGANIZATION IS TO PROVIDE SEWAGE TREATMENT AND DISPOSAL SERVICES TO ITS MEMBERS IN THE TAYLORSVILLE, INDIANA AREA.

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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 $1,179,188

Investment Income $12,218

Other Revenue $0

TOTAL REVENUE $1,191,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,631

Fundraising Expenses $0

Program Expenses $1,441,404

Other Expenses $1,283,773

TOTAL EXPENSES $1,441,404

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,191,406	$994,868	+0.2%
Expenses	$1,441,404	$1,158,699	+0.2%
Net Income	$-249,998	$-163,831	+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

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

$14,475

Total Directors

$15,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON NEWTON	PRESIDENT	10.00	Officer Director	$12,625	$0	$12,625
TODD ROBERTS	TREASURER	1.00	Officer Director	$600	$0	$600
CHRIS WEST	VICE PRESIDE	1.00	Officer Director	$625	$0	$625
PAT BRYANT	SERGEANT AT	1.00	Director	$625	$0	$625
JAMES STEVENS	SECRETARY	1.00	Officer Director	$625	$0	$625

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	$1,191,406	$1,441,404	$1,671,308	$-249,998
2024	No data	No data	No data	No data
2023	$937,637	$1,074,201	$1,821,048	$-136,564
2022	$943,808	$1,102,815	$1,968,219	$-159,007
2021	$928,361	$904,844	$2,085,638	$23,517
2020	$885,733	$772,227	$2,103,065	$113,506
2019	$792,692	$934,771	$2,042,437	$-142,079
2018	$830,092	$751,929	$2,166,760	$78,163

DRIFTWOOD UTILITIES INC