NORTH FARMERSVILLE WATER SUPPLY CORP (EIN 237350534) - 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

TONY MCCLAIN

Phone

9726585005

Tax Period

2024-01-01 to 2024-12-31

NORTH FARMERSVILLE WATER SUPPLY CORP, founded in 1968, is a small nonprofit that reported $262K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

DISTRIBUTION OF WATER & WATER SALES

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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 $262,254

Investment Income $0

Other Revenue $0

TOTAL REVENUE $262,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,321

Fundraising Expenses $0

Program Expenses $276,691

Other Expenses $225,370

TOTAL EXPENSES $276,691

Year-over-Year Comparison

	2024	2023	Change
Revenue	$262,254	$200,995	+0.3%
Expenses	$276,691	$292,776	-0.1%
Net Income	$-14,437	$-91,781	-0.8%

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

N/A

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

$13,020

Total Directors

$20,766

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY HENDREX	DIRECTOR	0.00	Director	$0	$0	$0
SHARON MCCLAIN	DIRECTOR	0.00	Director	$0	$0	$0
TONY MCCLAIN	DIRECTOR/MANAGER	25.00	Director	$20,766	$0	$20,766
JOE WISER	PRESIDENT	0.00	Officer	$0	$0	$0
CATHY JACKSON	VICE PRESIDENT	0.00	Officer	$0	$0	$0
SANDRA MCCLAIN DOD 1262024	TREASURER/SEC	25.00	Officer	$13,020	$0	$13,020

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	$262,254	$276,691	$274,740	$-14,437
2023	$200,995	$292,776	$302,378	$-91,781
2022	$210,441	$222,297	$375,677	$-11,856
2021	$183,016	$194,854	$362,681	$-11,838
2020	$176,173	$189,811	$363,037	$-13,638
2019	$168,421	$191,433	$364,546	$-23,012
2018	$180,202	$191,160	$380,463	$-10,958

NORTH FARMERSVILLE WATER SUPPLY CORP