STAR MOUNTAIN WATER SUPPLY CORPORATION (EIN 237440954) - 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

JASON ADAIR

Phone

9038773096

Tax Period

2024-01-01 to 2024-12-31

STAR MOUNTAIN WATER SUPPLY CORPORATION, founded in 1968, is a small nonprofit that reported $880K in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. Expenses of $849K left a modest 4% surplus.

Mission

PROVIDE WATER SERVICES TO STARRVILLE AND THE SURROUNDING AREA IN NORTHERN SMITH COUNTY.

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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 $144,974

Program Service Revenue $731,648

Investment Income $3,763

Other Revenue $0

TOTAL REVENUE $880,385

Expense Breakdown

Grants Paid $0

Salaries & Benefits $235,713

Fundraising Expenses $0

Program Expenses $849,460

Other Expenses $613,747

TOTAL EXPENSES $849,460

Year-over-Year Comparison

	2024	2023	Change
Revenue	$880,385	$515,242	+0.7%
Expenses	$849,460	$829,596	+0.0%
Net Income	$30,925	$-314,354	-1.1%

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

$54,267

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHUCK DEMAREE	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN WEAVER	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
PEGGY CHILDRESS	SECRETARY	2.00	Officer Director	$0	$0	$0
STACEY GATES	DIRECTOR	2.00	Director	$0	$0	$0
HELEN LOWRY	DIRECTOR	2.00	Director	$0	$0	$0
JASON ADAIR	DIRECTOR	2.00	Director	$0	$0	$0
RENNY REED	DIRECTOR	2.00	Director	$0	$0	$0
BRANDI MARTIN	OFFICE ADMIN	30.00	Officer	$54,267	$0	$54,267

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	$880,385	$849,460	$2,212,840	$30,925
2023	$515,242	$829,596	$3,128,484	$-314,354
2022	$566,766	$510,931	$3,234,221	$55,835
2021	$463,409	$435,703	$2,538,095	$27,706
2020	$409,706	$367,385	$1,570,217	$42,321
2019	$402,916	$370,056	$1,557,911	$32,860
2018	$402,269	$305,171	$1,489,244	$97,098

STAR MOUNTAIN WATER SUPPLY CORPORATION