HILLSDALE WATER CORPORATION (EIN 351326518) - 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

1970

Legal Domicile

Phone

7652455145

Tax Period

2024-01-01 to 2024-12-31

HILLSDALE WATER CORPORATION, founded in 1970, is a small nonprofit that reported $136K in total revenue in fiscal year 2024. Expenses of $129K left a modest 5% surplus.

Mission

THE CORPORATION HAS 262 MEMBERS AND THE CORPORATION PROVIDES WATER TO THE MEMBER USERS.

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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 $0

Investment Income $47

Other Revenue $136,117

TOTAL REVENUE $136,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,007

Fundraising Expenses $0

Other Expenses $106,547

TOTAL EXPENSES $129,479

Year-over-Year Comparison

	2024	2023	Change
Revenue	$136,164	$132,562	+0.0%
Expenses	$129,479	$123,379	+0.0%
Net Income	$6,685	$9,183	-0.3%

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

262

Independent Members

262

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

$560

Total Directors

$1,925

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CINDY SOUTHARD	DIRECTOR	1.00	Director	$315	$0	$315
KIM WEHR	SECTREAS	2.00	Officer Director	$280	$0	$280
LARRY SOUTHARD	PRESIDENT	2.00	Officer Director	$280	$0	$280
CINDY VANLANDINGHAM	DIRECTOR	1.00	Director	$280	$0	$280
DONNA STEVENSON	DIRECTOR	1.00	Director	$280	$0	$280
STEPHANIE FARRINGTON	DIRECTOR	2.00	Director	$280	$0	$280
JOHN GRIFFIN	DIRECTOR	1.00	Director	$210	$0	$210

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	$136,164	$129,479	$1,487,357	$6,685
2023	$132,562	$123,379	$1,490,726	$9,183
2022	$123,579	$117,573	$1,496,360	$6,006
2021	$110,815	$101,364	$1,506,289	$9,451
2020	$105,725	$105,510	$1,513,211	$215
2019	$86,400	$98,600	$1,527,173	$-12,200

HILLSDALE WATER CORPORATION