CLEAR WATER SERVICE CORPORATION (EIN 371019959) - 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

1974

Legal Domicile

Principal Officer

KORY CULP

Phone

2172586711

Tax Period

2024-10-01 to 2025-09-30

CLEAR WATER SERVICE CORPORATION, founded in 1974, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2017. Net assets of $4.5M represent 43 months of operating reserves.

Mission

TO PROVIDE RURAL WATER SERVICE TO RESIDENTS OF COLES AND CUMBERLAND COUNTIES

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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 $2,029,762

Investment Income $32,723

Other Revenue $8,296

TOTAL REVENUE $2,070,781

Expense Breakdown

Grants Paid $0

Salaries & Benefits $767,007

Fundraising Expenses $0

Other Expenses $1,226,560

TOTAL EXPENSES $1,993,567

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,070,781	$2,277,931	-0.1%
Expenses	$1,993,567	$2,029,901	0.0%
Net Income	$77,214	$248,030	-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

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

$131,760

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN FOGARTY	PRESIDENT	2.00	Officer Director	$0	$0	$0
STAN UPHOFF	VICE-PRESIDE	2.00	Officer Director	$0	$0	$0
PAM WRIGHT	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS SWING	TREASURER	1.00	Officer Director	$0	$0	$0
AARON HOLT	ASST. SECRET	1.00	Officer Director	$0	$0	$0
BOB SCHAFER	ASST. TREASU	1.00	Officer Director	$0	$0	$0
TODD PADRICK	DIRECTOR	1.00	Director	$0	$0	$0
KORY CULP	CEO	40.00	Officer	$122,000	$9,760	$131,760

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	$2,070,781	$1,993,567	$5,845,869	$77,214
2024	$2,277,931	$2,029,901	$5,772,450	$248,030
2023	$2,598,980	$1,622,159	$5,474,789	$976,821
2022	$1,221,269	$1,466,443	$4,510,078	$-245,174
2021	$1,340,815	$1,378,628	$4,677,051	$-37,813
2020	$1,325,961	$1,260,598	$4,731,069	$65,363
2019	$1,208,409	$1,260,324	$4,688,999	$-51,915
2018	$1,255,657	$1,331,411	$4,707,926	$-75,754

CLEAR WATER SERVICE CORPORATION