Portersville East Branch Water Co Inc (EIN 311246351) - 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

1992

Legal Domicile

Principal Officer

Nikki Mollahan

Phone

7403421290

Tax Period

2024-01-01 to 2024-12-31

Portersville East Branch Water Co Inc, founded in 1992, is a small nonprofit that reported $515K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $1.1M represent 25 months of operating reserves.

Mission

To Supply Water Utility to Rural Area 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 $0

Investment Income $3,650

Other Revenue $511,239

TOTAL REVENUE $514,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $258,258

Fundraising Expenses $0

Other Expenses $267,802

TOTAL EXPENSES $526,060

Year-over-Year Comparison

	2024	2023	Change
Revenue	$514,889	$470,458	+0.1%
Expenses	$526,060	$523,026	+0.0%
Net Income	$-11,171	$-52,568	-0.8%

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

$11,400

Total Directors

Key Employees

$91,325

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Martha Addington	721 State Route 155 Corning, OH 43730	10.00	Officer	$900	$0	$900
Jason Pierce	2185 St. Rt. 555 N, Malta, OH 43758	2.00	Officer	$1,500	$0	$1,500
Randy Bowen Jr	11690 St Rt 669, Crooksville, OH 43731	2.00	Officer	$1,800	$0	$1,800
Larry Penrod	10745 Deavertown Rd. NW, Crooksville, OH 43731	2.00	Officer	$1,800	$0	$1,800
David Kangas	2662 N. St. Rt. 555, Malta, OH 43758	2.00	Officer	$1,800	$0	$1,800
Victor Paul	8539 St. Rt. 555 NE, Malta, OH 43758	2.00	Officer	$1,800	$0	$1,800
Dennis Copeland	9507 St. Rt. 37 E, Malta, OH 43758	2.00	Officer	$1,800	$0	$1,800
James P Montgomery	355 Delaware Dr., Crooksville, OH 43731	40.00	Highest	$73,261	$0	$73,261
Nikki Mollahan	8170 Mollahan Rd. Malta, OH 43758	40.00	Key Emp	$43,248	$0	$43,248
Charles Kangas	3901 N St Rt 555, Malta, OH 43758	40.00	Key Emp	$8,824	$0	$8,824
Edward Boyce	8050 S Tropic Rd, Crooksville, OH 43731	40.00	Key Emp	$39,253	$0	$39,253

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	$514,889	$526,060	$1,823,552	$-11,171
2023	$470,458	$523,026	$1,882,928	$-52,568
2022	$473,421	$660,140	$1,958,351	$-186,719
2021	$503,251	$475,964	$1,973,422	$27,287
2020	$517,033	$451,296	$1,630,882	$65,737

Portersville East Branch Water Co Inc