HIGHWAY EIGHTY-EIGHT WATER CO INC

🔒

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

1971

Legal Domicile

Principal Officer

JERRY MULLIKIN

Phone

8646467729

Tax Period

2023-01-01 to 2023-12-31

HIGHWAY EIGHTY-EIGHT WATER CO INC, founded in 1971, is a small nonprofit in the Public & Societal Benefit sector that reported $962K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $274K, a strong 28% operating margin.

Mission

HIGHWAY EIGHTY-EIGHT WATER COMPANY INC.'S PURPOSE IS TO SUPPLY POTABLE WATER TO ITS CUSTOMERS IN THE EXISTING NETWORK OF WATER LINES.

Program Service Accomplishments

Program 1

THE MISSION OF HIGHWAY EIGHTY-EIGHT WATER COMPANY, INC. IS TO PROVIDE A SAFE AND DEPENDABLE SUPPLY OF DRINKING WATER TO THE COMMUNITY AND TO ALL CUSTOMERS WITHIN ITS SERVICE AREA. IN PROVIDING THIS SERVICE, THE COMPANY SEEKS TO PROVIDE ABUNDANT AND AFFORDABLE DRINKING WATER IN A MANNER THAT PROMOTES EFFICIENT AND RELIABLE SERVICE.

🔒

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 $937,060

Investment Income $24,682

Other Revenue $0

TOTAL REVENUE $961,742

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $688,052

TOTAL EXPENSES $688,052

Year-over-Year Comparison

	2023	2022	Change
Revenue	$961,742	$869,477	+0.1%
Expenses	$688,052	$725,722	-0.1%
Net Income	$273,690	$143,755	+0.9%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY MULLIKIN	PRESIDENT	0.20	Officer Director	$0	$0	$0
BRIAN BOGGS	VICE PRESIDE	0.20	Officer Director	$0	$0	$0
ALLEN SIMPSON	SECRETARY/TR	0.20	Officer Director	$0	$0	$0
RACHEL ALLGOOD	DIRECTOR	0.20	Director	$0	$0	$0
TED BURDETTE	DIRECTOR	0.20	Director	$0	$0	$0
RAY EVATT	DIRECTOR	0.20	Director	$0	$0	$0
EDDIE GRAY	DIRECTOR	0.20	Director	$0	$0	$0
CLAYTON KIMBLE	DIRECTOR	0.20	Director	$0	$0	$0
FRANKIE MULLIKIN	DIRECTOR THR	0.20	Director	$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
2024	No data	No data	No data	No data
2023	$961,742	$688,052	$4,191,729	$273,690
2022	$869,477	$725,722	$3,970,920	$143,755
2021	$801,612	$615,322	$3,869,289	$186,290
2020	$798,787	$666,344	$3,689,119	$132,443
2019	$472,118	$362,116	$3,584,315	$110,002
2018	$435,762	$336,849	$3,527,406	$98,913