PUTNAM COMMUNITY WATER CORPORATION (EIN 310649106) - 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

2015

Legal Domicile

Principal Officer

STEVE SCHOONOVER

Phone

3303396651

Tax Period

2023-01-01 to 2023-12-31

PUTNAM COMMUNITY WATER CORPORATION, founded in 2015, is a small nonprofit in the Mutual Benefit sector that reported $598K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $164K, a strong 27% operating margin.

Mission

TO ACQUIRE BY PURCHASE, LEASE OR DRILLING OF WELLS A SOURCE OF WATER FOR THE BENEFIT OF THE RESIDENTS OF MUSKINGUM TOWNSHIP EAST OF THE MUSKINGUM RIVER AND WITHIN A FIVE MILE RADIUS FRM THE SOUTHEAST CORNER OF THE CORPORATION'S OFFICE BUILDING ON TOWNSHIP ROAD 457.

🔒

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 $567,807

Investment Income $30,609

Other Revenue $0

TOTAL REVENUE $598,416

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,895

Fundraising Expenses $0

Other Expenses $347,383

TOTAL EXPENSES $434,278

Year-over-Year Comparison

	2023	2022	Change
Revenue	$598,416	$512,198	+0.2%
Expenses	$434,278	$446,647	0.0%
Net Income	$164,138	$65,551	+1.5%

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

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

$7,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE SCHOONOVER	PRESIDENT	2.00	Officer Director	$0	$0	$0
RANDY BARENGO	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SAM TUTEN	DIRECTOR	2.00	Director	$0	$0	$0
JIM BIR	DIRECTOR	2.00	Director	$0	$0	$0
JOHN KUCH	DIRECTOR	2.00	Director	$7,400	$0	$7,400
JOHN HIRSCHFIELD	DIRECTOR	2.00	Director	$0	$0	$0
JIM WARK	DIRECTOR	2.00	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	$598,416	$434,278	$3,952,276	$164,138
2022	$512,198	$446,647	$3,912,247	$65,551
2021	$507,120	$354,205	$3,974,964	$152,915
2020	$471,033	$378,250	$4,024,476	$92,783
2019	$573,607	$332,732	$3,964,407	$240,875
2018	$512,744	$331,977	$3,833,659	$180,767

PUTNAM COMMUNITY WATER CORPORATION