SHARPSBURG & NEIGHBORING AREA WATER SYSTEM (EIN 352290535) - 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

2007

Legal Domicile

Principal Officer

ALTA HIMSTEDT

Phone

2178245371

Tax Period

2025-01-01 to 2025-12-31

SHARPSBURG & NEIGHBORING AREA WATER SYSTEM, founded in 2007, is a small nonprofit in the Public & Societal Benefit sector that reported $578K in total revenue in fiscal year 2025. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $159K, a strong 27% operating margin.

Mission

OWN AND OPERATE RURAL WATER SYSTEM THAT SERVES OVER 300 CUSTOMERS

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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 $211,310

Program Service Revenue $357,309

Investment Income $18

Other Revenue $9,500

TOTAL REVENUE $578,137

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $419,607

TOTAL EXPENSES $419,607

Year-over-Year Comparison

	2025	2024	Change
Revenue	$578,137	$794,855	-0.3%
Expenses	$419,607	$349,885	+0.2%
Net Income	$158,530	$444,970	-0.6%

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

N/A

Volunteers

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN WISE	DIRECTOR	5.00	Director	$0	$0	$0
MARILYN SPILLMAN	VICE PRESIDENT	5.00	Officer	$0	$0	$0
JACOB GERMANN	DIRECTOR	5.00	Director	$0	$0	$0
ALTA HIMSTEDT	SEC/TREAS	5.00	Officer	$0	$0	$0
GARRY YOUNKER	PRESIDENT	5.00	Officer Director	$0	$0	$0
BJ MAY	DIRECTOR	5.00	Director	$0	$0	$0
KIM PUCCETTI	DIRECTOR	5.00	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
2025	$578,137	$419,607	$6,474,144	$158,530
2024	$794,855	$349,885	$5,799,541	$444,970
2023	$295,882	$351,606	$5,173,979	$-55,724
2022	$276,043	$340,488	$5,239,204	$-64,445
2021	$277,120	$325,232	$5,315,893	$-48,112
2020	$339,154	$318,986	$5,397,125	$20,168
2019	$862,213	$311,817	$5,365,329	$550,396
2018	$203,289	$246,316	$4,811,614	$-43,027

SHARPSBURG & NEIGHBORING AREA WATER SYSTEM