JENNINGS WATER INC (EIN 351404776) - 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

1975

Legal Domicile

Principal Officer

DAVID BEESLEY

Phone

8123465874

Tax Period

2024-01-01 to 2024-12-31

JENNINGS WATER INC, founded in 1975, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $466K, a strong 19% operating margin.

Mission

DISTRIBUTE WATER TO MEMBERS

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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 $2,423,623

Investment Income $24,420

Other Revenue $14,913

TOTAL REVENUE $2,462,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $651,564

Fundraising Expenses $0

Program Expenses $1,958,877

Other Expenses $1,345,488

TOTAL EXPENSES $1,997,052

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,462,956	$2,794,996	-0.1%
Expenses	$1,997,052	$2,160,188	-0.1%
Net Income	$465,904	$634,808	-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

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

$19,300

Total Directors

$37,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BEESLEY	PRESIDENT	1.00	Officer Director	$5,650	$0	$5,650
PHILLIP DAEGER	TREASURER	1.00	Officer Director	$4,850	$0	$4,850
CLYDE CAMPBELL	SECRETARY	1.00	Officer Director	$4,650	$0	$4,650
SUSIE HATTON	VICE PRES.	1.00	Officer Director	$4,150	$0	$4,150
KAMERON GARLITCH	DIRECTOR	1.00	Director	$3,850	$0	$3,850
JEFF GEE	DIRECTOR	1.00	Director	$3,850	$0	$3,850
RON BLOEMER	DIRECTOR	1.00	Director	$3,650	$0	$3,650
TOM FLORA	DIRECTOR	1.00	Director	$3,650	$0	$3,650
HAROLD DAY	DIRECTOR	1.00	Director	$3,450	$0	$3,450

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	No data	No data	No data	No data
2024	$2,462,956	$1,997,052	$15,604,826	$465,904
2023	$2,794,996	$2,160,188	$15,297,206	$634,808
2022	$1,969,098	$2,009,763	$14,838,111	$-40,665
2021	$1,921,322	$1,866,745	$15,058,728	$54,577
2020	$1,986,958	$2,124,483	$15,163,329	$-137,525
2019	$1,931,819	$1,652,608	$15,466,304	$279,211
2018	$1,898,306	$1,731,997	$15,359,247	$166,309

JENNINGS WATER INC