SOUTH LAWRENCE WATER CORPORATION

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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

1997

Legal Domicile

Principal Officer

BRIAN EMMONS

Phone

6189369411

Tax Period

2023-01-01 to 2023-12-31

SOUTH LAWRENCE WATER CORPORATION, founded in 1997, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $714K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $669K left a modest 6% surplus.

Mission

TO OPERATE A WATER SUPPLY FACILITY FOR DRINKING AND GENERAL DOMESTIC USE FOR CUSTOMERS IN RURAL SOUTHERN LAWRENCE COUNTY, ILLINOIS.

Program Service Accomplishments

Program 1

Expenses: $668,964 Revenue: $714,479

PROVIDE WATER TO CUSTOMERS IN SOUTHERN RURAL LAWRENCE COUNTY, ILLINOIS.

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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 $702,419

Investment Income $7,106

Other Revenue $4,954

TOTAL REVENUE $714,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,725

Fundraising Expenses $0

Program Expenses $668,964

Other Expenses $642,240

TOTAL EXPENSES $668,965

Year-over-Year Comparison

	2023	2022	Change
Revenue	$714,479	$589,041	+0.2%
Expenses	$668,965	$593,883	+0.1%
Net Income	$45,514	$-4,842	-10.4%

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

$24,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN EMMONS	PRESIDENT	0.30	Officer Director	$0	$0	$0
JOHN KING	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
CARL PRICE	DIRECTOR	0.30	Director	$0	$0	$0
BRAD BUCHANAN	DIRECTOR	0.30	Director	$0	$0	$0
LLOYD SCHRADER	DIRECTOR	0.30	Director	$0	$0	$0
DOUG YORK	DIRECTOR	0.30	Director	$0	$0	$0
KEVIN MOORE	DIRECTOR	0.30	Director	$0	$0	$0
JUDY WHITE	SECRETARY/TREASURER	20.00	Officer	$24,400	$0	$24,400

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	$714,479	$668,965	$4,323,924	$45,514
2022	$589,041	$593,883	$4,339,548	$-4,842
2021	$552,963	$555,024	$4,402,328	$-2,061
2020	$543,349	$557,658	$4,461,591	$-14,309
2019	$536,487	$553,194	$4,530,488	$-16,707
2018	$536,345	$535,354	$4,599,582	$991