JERSEY COUNTY RURAL WATER COMPANY … - Form 990 Financial Data

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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

1972

Legal Domicile

Principal Officer

ALLEN DAVENPORT

Phone

6184989534

Tax Period

2024-10-01 to 2025-09-30

JERSEY COUNTY RURAL WATER COMPANY INC, founded in 1972, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $5.6M left a modest 7% surplus.

Mission

PROVIDING WATER SERVICE TO RURAL CUSTOMERS.

Program Service Accomplishments

Program 1

Expenses: $5,007,533 Revenue: $5,892,567

JERSEY COUNTY RURAL WATER COMPANY PROVIDES WATER SERVICES FOR APPROXIMATELY 5,000 CUSTOMERS NOT SERVED BY THE MUNICIPAL WATER SERVICE. BY CHARGING WATER USER FEES AND INSTALLATIONS FEES, THE COMPANY...

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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 $48,000

Program Service Revenue $5,892,567

Investment Income $100,392

Other Revenue $530

TOTAL REVENUE $6,041,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,173,834

Fundraising Expenses $0

Program Expenses $5,007,533

Other Expenses $4,419,516

TOTAL EXPENSES $5,593,350

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,041,489	$4,719,449	+0.3%
Expenses	$5,593,350	$4,732,781	+0.2%
Net Income	$448,139	$-13,332	-34.6%

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

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

$5,000

Total Directors

$8,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLEN DAVENPORT	DIRECTOR-PRE	2.00	Officer Director	$1,650	$0	$1,650
DAVID ELLIOTT	DIRECTOR-VIC	1.00	Officer Director	$925	$0	$925
MICHAEL WAYNE KIEL	DIRECTOR-TRE	1.00	Officer Director	$1,225	$0	$1,225
JOHN MAHER	DIRECTOR-SEC	1.00	Officer Director	$1,200	$0	$1,200
RICK PRANGER	DIRECTOR	1.00	Director	$1,100	$0	$1,100
MICHAEL SPRINGMAN	DIRECTOR	1.00	Director	$1,200	$0	$1,200
COLE SNYDER	DIRECTOR	1.00	Director	$1,100	$0	$1,100
GREGORY BATES	GENERAL MANA	40.00	Highest	$130,309	$24,823	$155,132

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	$6,041,489	$5,593,350	$21,546,057	$448,139
2024	$4,719,449	$4,732,781	$21,157,609	$-13,332
2023	$4,718,476	$4,563,926	$20,561,773	$154,550
2022	$3,733,288	$3,650,710	$18,588,896	$82,578
2021	$3,532,834	$3,341,825	$15,555,185	$191,009
2020	$3,389,106	$3,081,919	$15,543,133	$307,187
2019	$3,326,237	$3,335,754	$14,097,100	$-9,517
2018	$3,439,462	$3,385,283	$15,128,782	$54,179

JERSEY COUNTY RURAL WATER COMPANY INC