Jackson County Water Company Inc (EIN 310807291) - 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

1970

Legal Domicile

Tax Period

2023-10-01 to 2024-09-30

Jackson County Water Company Inc, founded in 1970, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $5.1M left a modest 15% surplus.

Mission

To provide safe drinking water for the rural residents of Jackson and the surrounding counties in southeast Ohio

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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 $553,896

Program Service Revenue $5,120,196

Investment Income $315,045

Other Revenue $2,100

TOTAL REVENUE $5,991,237

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,731,070

Fundraising Expenses $0

Program Expenses $4,216,349

Other Expenses $3,370,148

TOTAL EXPENSES $5,101,218

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,991,237	$5,284,498	+0.1%
Expenses	$5,101,218	$5,241,471	0.0%
Net Income	$890,019	$43,027	+19.7%

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

Total Directors

Key Employees

$103,570

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Larry Foster	General Manager	40.00	Key Emp	$103,570	$0	$103,570
Bill Cooper	Board Member	3.00	Director	$0	$0	$0
William Ramsey	Board Member	3.00	Director	$0	$0	$0
John Lewis	Board Member	3.00	Director	$0	$0	$0
Donalyn Smith	Board Member	3.00	Director	$0	$0	$0
Mark Jenkins	Board Member	3.00	Director	$0	$0	$0
Ken Taylor	Vice President	4.00	Officer	$0	$0	$0
Dave Samples	President	4.00	Officer	$0	$0	$0
Brian McPherson	Secretary	4.00	Officer	$0	$0	$0
Tom Woebkenberg	Treasurer	4.00	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	$5,991,237	$5,101,218	$34,800,721	$890,019
2023	$5,284,498	$5,241,471	$34,147,008	$43,027
2022	$4,738,516	$5,048,309	$34,447,654	$-309,793
2021	$5,922,805	$4,563,495	$35,206,048	$1,359,310
2020	$4,579,407	$4,102,154	$31,853,079	$477,253
2019	$4,111,200	$3,941,513	$28,956,342	$169,687
2018	$3,995,654	$3,899,640	$28,892,655	$96,014

Jackson County Water Company Inc