BULL SWAMP RURAL WATER COMPANY INC (EIN 237389370) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

JIMMIE GILL

Phone

8032684051

Tax Period

2023-01-01 to 2023-12-31

BULL SWAMP RURAL WATER COMPANY INC, founded in 1972, is a small nonprofit that reported $486K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring.

Mission

OPERATION AND MAINTENANCE OF A WATER DISTRIBUTION SYSTEM.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $483,918

Investment Income $1,785

Other Revenue $0

TOTAL REVENUE $485,703

Expense Breakdown

Grants Paid $0

Salaries & Benefits $750

Fundraising Expenses $0

Other Expenses $500,614

TOTAL EXPENSES $501,364

Year-over-Year Comparison

	2023	2022	Change
Revenue	$485,703	$746,937	-0.3%
Expenses	$501,364	$824,340	-0.4%
Net Income	$-15,661	$-77,403	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$200

Total Directors

$750

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
BOBBY GLEN MACK	PRESIDENT	Officer Director	$100	$0	$100
JIMMIE GILL	TREASURER	Officer Director	$100	$0	$100
PERRY ADKINS	BOARD MEMBER	Director	$100	$0	$100
MICHAEL RAY COOK	BOARD MEMBER	Director	$100	$0	$100
FRED GASKINS	BOARD MEMBER	Director	$100	$0	$100
JOHNNIE HOUSER	BOARD MEMBER	Director	$75	$0	$75
JOSEPH NANCE	BOARD MEMBER	Director	$100	$0	$100
MARC PEELE	BOARD MEMBER	Director	$75	$0	$75

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
2023	$485,703	$501,364	No data	$-15,661
2022	$746,937	$824,340	$3,239,909	$-77,403
2021	$654,206	$692,954	$3,348,368	$-38,748
2020	$431,389	$445,238	$3,423,080	$-13,849
2019	$519,881	$502,753	$3,498,865	$17,128
2018	$474,906	$469,922	$3,524,788	$4,984

BULL SWAMP RURAL WATER COMPANY INC