RACCOON WATER COMPANY (EIN 370955845) - 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

1971

Legal Domicile

Principal Officer

DANNY MAYS

Phone

6185329201

Tax Period

2024-07-01 to 2025-06-30

RACCOON WATER COMPANY, founded in 1971, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 501% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 8% surplus.

Mission

TO DEVELOP, CONSTRUCT, OWN AND OPERATE WATER SUPPLY AND DISTRIBUTION FACILITIES AND SYSTEM, THEREFROM TO FURNISH AND SELL WATER TO THE USERS OF THE SYSTEM FOR DRINKING AND GENERAL DOMESTIC USE.

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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 $1,665,194

Investment Income $21,448

Other Revenue $5,323

TOTAL REVENUE $1,691,965

Expense Breakdown

Grants Paid $0

Salaries & Benefits $334,751

Fundraising Expenses $0

Program Expenses $1,381,347

Other Expenses $1,213,771

TOTAL EXPENSES $1,548,522

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,691,965	$281,606	+5.0%
Expenses	$1,548,522	$160,390	+8.7%
Net Income	$143,443	$121,216	+0.2%

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

$88,130

Total Directors

$1,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANNY MAYS	PRESIDENT	1.00	Officer Director	$1,200	$0	$1,200
EDGAR ELLIOTT	VICE PRESIDENT	1.00	Director	$0	$0	$0
BEV GODDARD	DIRECTOR	1.00	Director	$0	$0	$0
DANNY PHILLIPS	VICE PRESIDENT	1.00	Director	$0	$0	$0
WAYNE MOONEY	DIRECTOR	1.00	Director	$0	$0	$0
TONY GEURIN	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS SANDERS	DIRECTOR	1.00	Director	$0	$0	$0
KIM TORRES	TREASURER	40.00	Officer	$86,930	$0	$86,930

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	$1,691,965	$1,548,522	$4,506,740	$143,443
2024	$281,606	$160,390	$4,460,860	$121,216
2023	$263,632	$161,440	$4,433,889	$102,192
2022	$231,612	$144,205	$4,421,248	$87,407
2021	$126,379	$146,844	$4,422,170	$-20,465
2020	$255,591	$141,774	$4,523,915	$113,817
2019	$274,452	$135,031	$4,543,297	$139,421

RACCOON WATER COMPANY