POSEY TOWNSHIP WATER CORPORATION (EIN 351584696) - 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

1983

Legal Domicile

Principal Officer

RANDY HAUGER

Phone

8124723432

Tax Period

2023-01-01 to 2023-12-31

POSEY TOWNSHIP WATER CORPORATION, founded in 1983, is a small nonprofit that reported $851K in total revenue in fiscal year 2023. Net assets of $1.9M represent 27 months of operating reserves.

Mission

DISTRIBUTION OF WATER TO APPROXIMATELY 1,500 MEMBERS ON A COOPERATIVE BASIS.

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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 $847,740

Investment Income $3,759

Other Revenue $0

TOTAL REVENUE $851,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $175,279

Fundraising Expenses $0

Other Expenses $725,899

TOTAL EXPENSES $901,178

Year-over-Year Comparison

	2023	2022	Change
Revenue	$851,499	$850,930	+0.0%
Expenses	$901,178	$858,622	+0.0%
Net Income	$-49,679	$-7,692	+5.5%

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

$88,358

Total Directors

$2,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL VOYLES	PRESIDENT	2.00	Director	$300	$0	$300
RANDY HAUGER	VICE PRESIDENT	2.00	Director	$200	$0	$200
JESSE NICE	SECRETARY/TREASURER	2.00	Director	$225	$0	$225
RICK LINCKS	DIRECTOR	1.00	Director	$250	$0	$250
RICK EMERICK	DIRECTOR	1.00	Director	$100	$0	$100
JACK KNAPP	DIRECTOR	1.00	Director	$275	$0	$275
CURT SHINKLE	DIRECTOR	1.00	Director	$250	$0	$250
DAVID MANSHIP	DIRECTOR	1.00	Director	$225	$0	$225
MICHAEL TRUEBLOOD	DIRECTOR	1.00	Director	$225	$0	$225
SARA JO WISEMAN	GENERAL MANAGER	40.00	Officer	$76,952	$11,406	$88,358

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	$851,499	$901,178	$5,282,652	$-49,679
2022	$850,930	$858,622	$5,367,833	$-7,692
2021	$805,188	$782,086	$4,672,083	$23,102
2020	$753,813	$740,064	$4,702,241	$13,749
2019	$745,091	$727,465	$4,744,964	$17,626

POSEY TOWNSHIP WATER CORPORATION