FLOYDS KNOBS WATER COMPANY INC (EIN 351103388) - 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

1961

Legal Domicile

Principal Officer

RICK MORGAN

Phone

8129239040

Tax Period

2024-01-01 to 2024-12-31

FLOYDS KNOBS WATER COMPANY INC, founded in 1961, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Expenses of $1.8M left a modest 6% surplus.

Mission

PROVIDES METERED WATER SERVICE TO APPROXIMATELY 2,500 MEMBERS ON A COOPERATIVE BASIS.

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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 $1,922,837

Investment Income $28,893

Other Revenue $0

TOTAL REVENUE $1,951,730

Expense Breakdown

Grants Paid $0

Salaries & Benefits $282,429

Fundraising Expenses $0

Other Expenses $1,551,446

TOTAL EXPENSES $1,833,875

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,951,730	$1,934,687	+0.0%
Expenses	$1,833,875	$1,709,666	+0.1%
Net Income	$117,855	$225,021	-0.5%

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

$86,126

Total Directors

$10,825

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK MORGAN	PRESIDENT	1.00	Officer Director	$2,450	$0	$2,450
GAYLE PEARL	SECRETARY/TREASURER	1.00	Officer Director	$1,625	$0	$1,625
MIKE SHEARER	VICE PRESIDENT	1.00	Officer Director	$1,750	$0	$1,750
KIRK SHAFFER	DIRECTOR	1.00	Director	$1,300	$0	$1,300
DAVID CULL	DIRECTOR	1.00	Director	$1,300	$0	$1,300
RYAN PFEIFER	DIRECTOR	1.00	Director	$1,200	$0	$1,200
MARK AMMONS	DIRECTOR	1.00	Director	$1,200	$0	$1,200
DANNY STANDIFORD	GENERAL MANAGER	40.00	Officer	$80,301	$0	$80,301

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	$1,951,730	$1,833,875	$10,907,342	$117,855
2023	$1,934,687	$1,709,666	$10,670,009	$225,021
2022	$1,999,888	$1,871,063	$9,905,061	$128,825
2021	$1,916,923	$1,699,186	$10,007,023	$217,737
2020	$1,917,935	$1,597,136	$9,767,818	$320,799
2019	$1,766,022	$1,464,995	$9,653,178	$301,027

FLOYDS KNOBS WATER COMPANY INC