ELROD WATER COMPANY INC

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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

1965

Legal Domicile

Principal Officer

GREGORY DOLE

Phone

8126543200

Tax Period

2024-01-01 to 2024-12-31

ELROD WATER COMPANY INC, founded in 1965, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Net assets of $10.2M represent 45 months of operating reserves.

Mission

DISTRIBUTE POTABLE WATER TO MEMBERS IN THE SERVICE AREA.

Program Service Accomplishments

Program 1

THE CORPORATION SOLD APPROXIMATELY 395,215,700 GALLONS OF WATER TO 3,475 TOTAL 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 $2,703,984

Investment Income $8,809

Other Revenue $14,399

TOTAL REVENUE $2,727,192

Expense Breakdown

Grants Paid $0

Salaries & Benefits $492,580

Fundraising Expenses $0

Other Expenses $2,211,911

TOTAL EXPENSES $2,704,491

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,727,192	$2,594,288	+0.1%
Expenses	$2,704,491	$2,486,365	+0.1%
Net Income	$22,701	$107,923	-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

$10,270

Total Directors

$7,195

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF LEWIS	TREASURER	1.00	Officer	$3,255	$0	$3,255
JEFF POOLE	SECRETARY	1.00	Officer	$3,215	$0	$3,215
GREGORY DOLE	PRESIDENT	1.00	Officer	$2,225	$0	$2,225
CHRIS DAY	DIRECTOR	1.00	Director	$1,695	$0	$1,695
DOUG NOBBE	DIRECTOR	1.00	Director	$1,625	$0	$1,625
ANTHONY SCHWAB	DIRECTOR	1.00	Director	$1,625	$0	$1,625
ANTHONY CLARK	VICE PRESIDE	1.00	Officer	$1,575	$0	$1,575
LARRY WEILER	DIRECTOR	1.00	Director	$1,375	$0	$1,375
TOM LINKEL	DIRECTOR	1.00	Director	$875	$0	$875

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	$2,727,192	$2,704,491	$28,294,651	$22,701
2023	$2,594,288	$2,486,365	$28,760,660	$107,923
2022	$2,738,494	$2,439,730	$29,172,707	$298,764
2021	$2,632,229	$2,449,611	$29,404,350	$182,618
2020	$2,583,772	$2,342,352	$29,706,614	$241,420
2019	$2,569,049	$2,299,549	$29,980,622	$269,500
2018	$2,591,427	$2,327,104	$30,188,088	$264,323