B&B Water Project Inc (EIN 351144643) - 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

1967

Legal Domicile

Phone

8123320577

Tax Period

2025-01-01 to 2025-12-31

B&B Water Project Inc, founded in 1967, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2025. Expenses of $1.2M exceeded revenue, resulting in a 13% operating deficit.

Mission

Provide drinking water to customersmembers

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,102,529

Investment Income $2,220

Other Revenue $0

TOTAL REVENUE $1,104,749

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,305

Fundraising Expenses $0

Other Expenses $1,229,418

TOTAL EXPENSES $1,249,723

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,104,749	$1,128,209	0.0%
Expenses	$1,249,723	$1,162,662	+0.1%
Net Income	$-144,974	$-34,453	+3.2%

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

1885

Independent Members

1885

Employees

N/A

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

$31,720

Total Directors

$10,455

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY H UNDERWOOD	Treasurer	12.00	Officer	$20,595	$0	$20,595
DALE LISBY	President	10.00	Officer	$5,840	$0	$5,840
JAY FLOYD	Vice President	5.00	Officer	$3,015	$0	$3,015
ALAIN BOUVIER	Secretary	8.00	Officer Director	$2,270	$0	$2,270
SCOTT MOORE	Director	1.00	Director	$1,440	$0	$1,440
JON RICHARDSON	Director	1.00	Director	$1,440	$0	$1,440
JODIE RICHARDSON	Director	1.00	Director	$1,440	$0	$1,440
BRAD BARROW	Director	1.00	Director	$1,440	$0	$1,440
DONALD G HOUSMAN	Director	1.00	Director	$840	$0	$840
BILLY E GILES	Director	1.00	Director	$840	$0	$840
ASHTON LISBY	Recording Secretary	1.00	Director	$625	$0	$625
ROSS M CHITWOOD	Director	1.00	Director	$120	$0	$120

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	$1,104,749	$1,249,723	$1,331,293	$-144,974
2024	$1,128,209	$1,162,662	$1,590,429	$-34,453
2023	$869,728	$1,015,604	$1,147,293	$-145,876
2022	$790,879	$905,678	$1,308,690	$-114,799
2021	$740,880	$819,402	$1,418,739	$-78,522
2020	$763,664	$837,651	$1,514,388	$-73,987

B&B Water Project Inc