EDWARDSVILLE WATER AUTHORITY (EIN 351105746) - 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

1963

Legal Domicile

Principal Officer

DAVID WRIGHT

Phone

8129480900

Tax Period

2024-01-01 to 2024-12-31

EDWARDSVILLE WATER AUTHORITY, founded in 1963, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $604K, a strong 19% operating margin.

Mission

PROVIDES METERED WATER SERVICE TO APPROXIMATELY 4,600 CUSTOMERS 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 $3,057,901

Investment Income $191,392

Other Revenue $0

TOTAL REVENUE $3,249,293

Expense Breakdown

Grants Paid $0

Salaries & Benefits $919,229

Fundraising Expenses $0

Other Expenses $1,725,669

TOTAL EXPENSES $2,644,898

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,249,293	$2,999,626	+0.1%
Expenses	$2,644,898	$2,479,344	+0.1%
Net Income	$604,395	$520,282	+0.2%

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

$101,960

Total Directors

$23,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER BECK	UTILITY MANAGER	45.00	Officer	$89,936	$12,024	$101,960
DAVID WRIGHT	PRESIDENT	1.80	Director	$0	$0	$5,850
JEREMY LOFTUS	VICE PRESIDENT	1.80	Director	$0	$0	$4,150
JASON COPPERWAITE	2ND VICE PRESIDENT	1.80	Director	$0	$0	$3,900
GUY HEITKEMPER	SECRETARY	1.80	Director	$0	$0	$4,150
GARY CARTER	TREASURER	1.80	Director	$0	$0	$5,300

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	$3,249,293	$2,644,898	$23,822,171	$604,395
2023	$2,999,626	$2,479,344	$24,395,186	$520,282
2022	$2,750,547	$2,280,550	$22,134,844	$469,997
2021	$2,700,317	$2,100,915	$16,699,786	$599,402
2020	$2,645,272	$2,135,955	$16,411,128	$509,317
2019	$2,653,490	$2,282,880	$16,171,344	$370,610

EDWARDSVILLE WATER AUTHORITY