HINESTON WATER SYSTEM (EIN 264250295) - 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

1969

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

HINESTON WATER SYSTEM, founded in 1969, is a small nonprofit that reported $209K in total revenue in fiscal year 2023. Expenses of $282K exceeded revenue, resulting in a 35% operating deficit.

Mission

TO PROVIDE THE COMMUNITY/RESIDENTS OF HINESTON WITH WATER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $208,787

Investment Income $478

Other Revenue $0

TOTAL REVENUE $209,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,500

Fundraising Expenses $0

Program Expenses $263,474

Other Expenses $263,474

TOTAL EXPENSES $281,974

Year-over-Year Comparison

	2023	2022	Change
Revenue	$209,265	$208,195	+0.0%
Expenses	$281,974	$272,077	+0.0%
Net Income	$-72,709	$-63,882	+0.1%

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

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

$18,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAN TURNAGE	Secretary	20.00	Officer	$18,500	$0	$18,500
JESSIE MELDER	Director	0.00	Director	$0	$0	$0
MARTY WALDEN	Director	0.00	Director	$0	$0	$0
WAYNE MEYLIAN	Director	0.00	Director	$0	$0	$0
TRAVIS CUTTS	Director	0.00	Director	$0	$0	$0
ROBERT GOUGH	Director	0.00	Director	$0	$0	$0
RUSSELL TURNAGE	President	0.00	Officer	$0	$0	$0
MIKE NUGENT	Vice President	0.00	Officer	$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	$209,265	$281,974	$2,188,924	$-72,709
2022	$208,195	$272,077	$2,284,769	$-63,882
2021	$187,722	$268,966	$2,371,369	$-81,244
2020	$200,353	$237,205	$2,476,936	$-36,852
2018	$184,662	$222,108	$2,615,789	$-37,446

HINESTON WATER SYSTEM