HIGHLAND COUNTY WATER COMPANY INC (EIN 310742125) - 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

Principal Officer

ROGER PENCE

Phone

9373934281

Tax Period

2023-01-01 to 2023-12-31

HIGHLAND COUNTY WATER COMPANY INC, founded in 1969, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2023. The organization ran a surplus of $913K, a strong 35% operating margin.

Mission

TO TREAT AND DELIVER POTABLE WATER TO MEMBERS OF THE ORGANIZATION.

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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 $0

Investment Income $42,125

Other Revenue $2,570,662

TOTAL REVENUE $2,612,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $816,392

Fundraising Expenses $0

Other Expenses $882,923

TOTAL EXPENSES $1,699,315

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,612,787	$2,476,962	+0.1%
Expenses	$1,699,315	$1,888,413	-0.1%
Net Income	$913,472	$588,549	+0.6%

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

$119,773

Total Directors

$34,925

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY D CUTLER	GENERAL MANA	40.00	Officer	$106,448	$0	$106,448
ROGER PENCE	PRESIDENT	3.00	Officer Director	$7,000	$0	$7,000
STEVE MCCOMAS	VICE PRESIDE	3.00	Officer Director	$6,325	$0	$6,325
PHILLIP BURCHETT	SECRETARY/TR	3.00	Director	$4,775	$0	$4,775
JEFF PATTON	DIRECTOR	3.00	Director	$4,775	$0	$4,775
LARRY NARTKER	DIRECTOR	3.00	Director	$4,075	$0	$4,075
THOMAS SNYDER	DIRECTOR	3.00	Director	$3,900	$0	$3,900
EARL BOYD	DIRECTOR	3.00	Director	$3,075	$0	$3,075
GREG JONES	DIRECTOR	3.00	Director	$1,000	$0	$1,000

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	$2,612,787	$1,699,315	$34,225,975	$913,472
2022	$2,476,962	$1,888,413	$33,891,618	$588,549
2021	$1,770,294	$1,644,148	$33,308,456	$126,146
2020	$1,745,778	$1,411,763	$33,008,610	$334,015
2019	$1,809,747	$1,285,246	$32,677,754	$524,501
2018	$1,681,336	$1,355,108	$32,762,072	$326,228

HIGHLAND COUNTY WATER COMPANY INC