REELSVILLE WATER COMPANY INC (EIN 351127131) - 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

1966

Legal Domicile

Principal Officer

LAURA FISHER

Phone

7656728419

Tax Period

2024-01-01 to 2024-12-31

REELSVILLE WATER COMPANY INC, founded in 1966, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $403K, a strong 34% operating margin.

Mission

DELIVER POTABLE WATER TO ITS MEMBERS. ONE MUST BE A MEMBER TO GET WATER

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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 $240,795

Program Service Revenue $873,757

Investment Income $68,460

Other Revenue $6,394

TOTAL REVENUE $1,189,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $252,174

Fundraising Expenses $0

Program Expenses $783,167

Other Expenses $534,293

TOTAL EXPENSES $786,467

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,189,406	$2,630,974	-0.5%
Expenses	$786,467	$683,233	+0.2%
Net Income	$402,939	$1,947,741	-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

$58,495

Total Directors

$58,495

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK HASSLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
KAYE CORNELIOUS	MEMBER	1.00	Officer Director	$0	$0	$0
LAURA FISHER	CO-SECRETARY/OFFICE MGR	35.00	Officer Director	$58,495	$0	$58,495
BRIAN STEARLEY	MEMBER	1.00	Director	$0	$0	$0
TINA FRENCH	VICE PRESIDENT	1.00	Director	$0	$0	$0
SHEILA LANGDON	CO-SECRETARY	1.00	Director	$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
2024	$1,189,406	$786,467	$9,799,694	$402,939
2023	$2,630,974	$683,233	$9,940,785	$1,947,741
2022	$837,891	$615,165	$8,570,228	$222,726
2021	$902,900	$599,724	$6,806,014	$303,176
2020	$845,671	$690,496	$6,762,456	$155,175
2019	$817,369	$602,468	$6,805,356	$214,901
2018	$884,993	$635,193	$6,885,485	$249,800

REELSVILLE WATER COMPANY INC