St Bernice Water Corporation (EIN 351151308) - 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

1976

Legal Domicile

Principal Officer

Brock Fortner

Phone

7658323947

Tax Period

2025-01-01 to 2025-12-31

St Bernice Water Corporation, founded in 1976, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2025. Revenue surged 2417% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.2M, a strong 95% operating margin.

Mission

TO PROVIDE A SYSTEM FOR THE PURCHASE AND DISTRIBUTION OF 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,521,046

Investment Income $854

Other Revenue $2,400

TOTAL REVENUE $6,524,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,885

Fundraising Expenses $0

Program Expenses $304,779

Other Expenses $248,894

TOTAL EXPENSES $304,779

Year-over-Year Comparison

	2025	2024	Change
Revenue	$6,524,300	$259,202	+24.2%
Expenses	$304,779	$231,593	+0.3%
Net Income	$6,219,521	$27,609	+224.3%

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

N/A

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

$16,378

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karen Susie Jones	Secy/Treas	15.00	Officer	$16,378	$0	$16,378
Mike Reed	Director	2.00	Director	$0	$0	$0
Diane Hall	Director	2.00	Director	$0	$0	$0
Brock Fortner	President	5.00	Officer	$0	$0	$0
Scott Hixon	Vice President	3.00	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	$6,524,300	$304,779	$6,523,938	$6,219,521
2024	$259,202	$231,593	$4,015,308	$27,609
2023	$223,306	$210,384	$270,889	$12,922
2022	$209,744	$195,835	$267,212	$13,909
2021	$113,164	$193,514	$549,717	$-80,350
2020	$107,066	$144,365	$591,534	$-37,299
2019	$84,995	$156,450	$599,273	$-71,455

St Bernice Water Corporation