SOUTHWESTERN OHIO WATER COMPANY (EIN 310530404) - 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

1949

Legal Domicile

Principal Officer

MICHAEL C FLAVIN

Phone

5134894844

Tax Period

2024-11-01 to 2025-10-31

SOUTHWESTERN OHIO WATER COMPANY, founded in 1949, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2024. The organization ran a surplus of $1.3M, a strong 30% operating margin.

Mission

PROCURE, DELIVER AND SELL RAW, UNTREATED WATER AT COST TO INDUSTRIAL SHAREHOLDER CUSTOMERS.

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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 $0

Program Service Revenue $4,017,309

Investment Income $222,836

Other Revenue $76,138

TOTAL REVENUE $4,316,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,170,617

Fundraising Expenses $0

Other Expenses $1,852,865

TOTAL EXPENSES $3,023,482

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,316,283	$4,537,003	0.0%
Expenses	$3,023,482	$3,139,598	0.0%
Net Income	$1,292,801	$1,397,405	-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

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

$240,793

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
B STROBEL	SENIOR VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
P CHRISTMAN	SECRETARY & TREASURER	1.00	Officer Director	$0	$0	$0
K HALES	DIRECTOR	1.00	Director	$0	$0	$0
G POWELL	DIRECTOR	1.00	Director	$0	$0	$0
PE WEHRMAN	DIRECTOR	1.00	Director	$0	$0	$0
J HOOK	PRESIDENT & CEO	1.00	Officer Director	$0	$0	$0
J BANGE	DIRECTOR	1.00	Director	$0	$0	$0
B GRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
E PAUL	DIRECTOR	1.00	Director	$0	$0	$0
Z BOULIGARAKI	DIRECTOR	1.00	Director	$0	$0	$0
J WOOLF	DIRECTOR	1.00	Director	$0	$0	$0
MIKE FLAVIN	VICE PRESIDENT/GENERAL MAN	40.00	Officer	$205,989	$34,804	$240,793
TERENCE A SEUBERLING	SUPERINTENDENT IN PIPELINE	40.00	Highest	$164,109	$36,433	$200,542

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	$4,316,283	$3,023,482	$12,062,790	$1,292,801
2024	$4,537,003	$3,139,598	$10,973,308	$1,397,405
2023	$4,066,242	$3,070,919	$9,814,250	$995,323
2022	$3,820,798	$3,166,628	$9,139,761	$654,170
2021	$4,209,480	$3,464,484	$14,490,433	$744,996
2020	$4,118,345	$3,629,684	$13,895,890	$488,661
2019	$4,010,470	$2,911,401	$13,549,215	$1,099,069
2018	$3,787,619	$3,487,140	$12,615,536	$300,479

SOUTHWESTERN OHIO WATER COMPANY