SOUTH LAWRENCE UTILITIES 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

1967

Legal Domicile

Principal Officer

ERIC FLYNN

Phone

8128495544

Tax Period

2023-01-01 to 2023-12-31

SOUTH LAWRENCE UTILITIES INC, founded in 1967, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $427K, a strong 19% operating margin.

Mission

THE CORPORATION CONSTRUCTS, OWNS AND MAINTAINS A COMPLETE WATER SYSTEM TO PROVIDE FOR THE DISTRIBUTION OF POTABLE WATER FOR DOMESTIC, COMMERCIAL, SCHOOL, CHURCH AND OTHER PURPOSES INCLUDING FIRE PROTECTION IN SOUTHERN LAWRENCE COUNTY.

Program Service Accomplishments

Program 1

Expenses: $1,652,234

THE CORPORATION CONSTRUCTS, OWNS AND MAINTAINS A COMPLETE WATER SYSTEM TO PROVIDE FOR THE DISTRIBUTION OF POTABLE WATER FOR DOMESTIC, COMMERCIAL, SCHOOL, CHURCH AND OTHER PURPOSES INCLUDING FIRE...

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $30,211

Other Revenue $2,217,970

TOTAL REVENUE $2,248,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $496,153

Fundraising Expenses $0

Program Expenses $1,652,234

Other Expenses $1,325,214

TOTAL EXPENSES $1,821,367

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,248,181	$2,051,830	+0.1%
Expenses	$1,821,367	$1,502,844	+0.2%
Net Income	$426,814	$548,986	-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

2535

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
NED BERETTA	BOARD MEMBER	Director	$0	$0	$0
JAMES BLAIR	BOARD MEMBER	Director	$0	$0	$0
FRANK DUMOND	BOARD MEMBER	Director	$0	$0	$0
JR HANCOCK	BOARD MEMBER	Director	$0	$0	$0
LEE KARR	BOARD MEMBER	Director	$0	$0	$0
NELSON TERRELL	BOARD MEMBER	Director	$0	$0	$0
DONALD HALL	BOARD MEMBER	Director	$0	$0	$0
JERRY BUTLER	BOARD MEMBER	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	No data	No data	No data	No data
2023	$2,248,181	$1,821,367	$9,066,668	$426,814
2022	$2,051,830	$1,502,844	$9,013,793	$548,986
2021	$1,900,516	$1,443,688	$8,854,201	$456,828
2020	$1,827,309	$1,321,550	$8,763,284	$505,759