CLAY COUNTY WATER INC (EIN 361330547) - 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

1994

Legal Domicile

Principal Officer

ADAM MCKNIGHT

Phone

6186226666

Tax Period

2024-10-01 to 2025-09-30

CLAY COUNTY WATER INC, founded in 1994, is a small nonprofit that reported $525K in total revenue in fiscal year 2024. Expenses of $666K exceeded revenue, resulting in a 27% operating deficit.

Mission

RURAL WATER DELIVERY SYSTEM

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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 $505,792

Investment Income $19,027

Other Revenue $0

TOTAL REVENUE $524,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $605,246

Other Expenses $665,546

TOTAL EXPENSES $665,546

Year-over-Year Comparison

	2024	2023	Change
Revenue	$524,819	$509,032	+0.0%
Expenses	$665,546	$559,370	+0.2%
Net Income	$-140,727	$-50,338	+1.8%

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
TROY LEONARD	PRESIDENT	1.00	Officer Director	$0	$0	$0
BOBBY BRISCOE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HANK HILMES	SECRETARY	1.00	Officer Director	$0	$0	$0
TROY BRITTON	TREASURER	1.00	Officer Director	$0	$0	$0
WILLIAM CROY	DIRECTOR	1.00	Director	$0	$0	$0
BRYCE HENRY	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SCARBROUGH	DIRECTOR	1.00	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	$524,819	$665,546	$5,907,855	$-140,727
2024	$509,032	$559,370	$5,980,996	$-50,338
2023	$470,708	$538,475	$6,108,799	$-67,767
2022	$437,847	$487,228	$5,485,683	$-49,381
2021	$429,651	$475,653	$5,618,312	$-46,002
2020	$416,021	$440,797	$5,740,933	$-24,776

CLAY COUNTY WATER INC