Holtville Water System Inc (EIN 237356266) - 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

Principal Officer

Gregory H Welch

Phone

3345692105

Tax Period

2023-01-01 to 2023-12-31

Holtville Water System Inc, founded in 1970, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2018.

Mission

To provide water service to rural customers.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,498,815

Investment Income $1,897

Other Revenue $11,966

TOTAL REVENUE $1,512,678

Expense Breakdown

Grants Paid $0

Salaries & Benefits $473,016

Fundraising Expenses $0

Other Expenses $941,049

TOTAL EXPENSES $1,414,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,512,678	$1,462,712	+0.0%
Expenses	$1,414,065	$1,410,554	+0.0%
Net Income	$98,613	$52,158	+0.9%

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

$174,399

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chuck Billings	Chairman	1.00	Director	$0	$0	$0
Joey Kreauter	Secretary	1.00	Director	$0	$0	$0
Nancy Oates	Member	1.00	Director	$0	$0	$0
Michael Morgan	Member	1.00	Director	$0	$0	$0
Phillip Rountree	Member	1.00	Director	$0	$0	$0
Jamie Blankenship	Office Manager	40.00	Officer	$65,501	$9,547	$75,048
Gregory H Welch	General Manager	40.00	Officer	$82,889	$16,462	$99,351

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,512,678	$1,414,065	$2,304,784	$98,613
2022	$1,462,712	$1,410,554	$2,224,859	$52,158
2021	$1,453,175	$1,301,405	$2,356,953	$151,770
2020	$1,382,927	$1,207,154	$2,376,507	$175,773
2019	$1,208,744	$1,177,811	$2,374,344	$30,933
2018	$1,160,901	$1,146,342	$2,490,861	$14,559

Holtville Water System Inc