KENT WATER COMPANY INC (EIN 351105235) - 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

RICHARD JOHNSON

Phone

8128664646

Tax Period

2023-01-01 to 2023-12-31

KENT WATER COMPANY INC, founded in 1961, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $251K, a strong 21% operating margin.

Mission

DISTRIBUTE WATER TO MEMBERS IN THE SERVICE AREA.

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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 $1,034,619

Investment Income $113,857

Other Revenue $18,013

TOTAL REVENUE $1,166,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $327,955

Fundraising Expenses $0

Other Expenses $587,800

TOTAL EXPENSES $915,755

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,166,489	$1,358,659	-0.1%
Expenses	$915,755	$859,135	+0.1%
Net Income	$250,734	$499,524	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERRY BOWERS	DIRECTOR	2.00	Director	$0	$0	$0
TERRY BUNTON	DIRECTOR	2.00	Director	$0	$0	$0
DAVID MILLER	DIRECTOR	2.00	Director	$0	$0	$0
VINCENT MORRIS	DIRECTOR	2.00	Director	$0	$0	$0
MATT OBERLIES	DIRECTOR	2.00	Director	$0	$0	$0
WARREN AUXIER	TREASURER	2.00	Officer	$0	$0	$0
TOM DEPRIEST	VICE-CHAIRMA	2.00	Officer	$0	$0	$0
RICHARD JOHNSON	CHAIRMAN	2.00	Officer	$0	$0	$0
JERRY TATMAN	SECRETARY	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,166,489	$915,755	$8,170,655	$250,734
2022	$1,358,659	$859,135	$7,912,495	$499,524
2021	$984,368	$860,115	$7,414,330	$124,253
2020	$961,262	$810,588	$7,284,134	$150,674
2019	$888,430	$822,037	$7,141,863	$66,393
2018	$932,849	$771,462	$7,071,781	$161,387

KENT WATER COMPANY INC