RANDOLPH WATER SYSTEM INC

EIN: 352420997 Mutual Benefit

JUNCTION CITY, AR

Total Revenue
$42,311
Total Expenses
$33,930
Total Assets
$47,661
Net Assets
$47,661
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
LA
Principal Officer
CONNOR GARLINGTON
Phone
3189864868
Tax Period
2019-01-01 to 2019-12-31

RANDOLPH WATER SYSTEM INC, founded in 1977, is a micro nonprofit in the Mutual Benefit sector that reported $72K in total revenue in fiscal year 2018. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $31K, a strong 43% operating margin.

Mission

TO PROVIDE SAFE WATER SERVICE TO THE CUSTOMERS OF RURAL JUNCTION CITY, AR COMMUNITY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $42,301
Investment Income $10
Other Revenue $0
TOTAL REVENUE $42,311

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $33,930
Other Expenses $33,930
TOTAL EXPENSES $33,930

Year-over-Year Comparison

2019 2018 Change
Revenue $42,311 $71,538 -0.4%
Expenses $33,930 $40,971 -0.2%
Net Income $8,381 $30,567 -0.7%
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

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Governance

Voting Members
86
Independent Members
86
Employees
N/A
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
1
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CONNOR GARLINGTON PRESIDENT N/A
Officer Director
$0 $0 $0
MIKE ROCKETT BOARD MEMBER N/A
Director
$0 $0 $0
CALDWELL WEBSTER BOARD MEMBER N/A
Director
$0 $0 $0
MARIE TUBBS BOARD MEMBER N/A
Director
$0 $0 $0
ERIC HENDERSON BOARD MEMBER N/A
Director
$0 $0 $0
KEN REEVES BOARD MEMBER N/A
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
2019 $42,311 $33,930 $47,661 $8,381
2018 $71,538 $40,971 $41,906 $30,567
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