EJ WATER COOPERATIVE INC

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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

1989

Legal Domicile

Principal Officer

WILLIAM TEICHMILLER

Phone

2179255566

Tax Period

2023-10-01 to 2024-09-30

EJ WATER COOPERATIVE INC, founded in 1989, is a mid-sized nonprofit that reported $18.1M in total revenue in fiscal year 2023. Expenses of $15.6M left a modest 14% surplus.

Mission

EJ WATER COOPERATIVE IS DEDICATED TO PROVIDING CLEAN WATER TO RURAL HOMES IN EFFINGHAM, JASPER, CLARK, CLAY, CUMBERLAND, EDWARDS, RICHLAND, SANGAMON, SHELBY, FAYETTE, CRAWFORD, CHRISTIAN, MONTGOMERY, AND BOND COUNTIES. THE COOPERATIVE ALSO PROVIDES CONTRACT BILLING, REPORTING, ACCOUNTING, AND MAPPING SERVICES TO LOCAL GOVERNMENTS AND NONPROFIT ORGANIZATIONS. THE COOPERATIVE'S WHOLLY ONES SUBSIDARY PROVIDES WASTEWATER SERVICES TO RESIDENTIAL, COMMERCIAL AND INDUSTRIAL CUSTOMERS IN EFFINGHAM, CUMBERLAND, MACON, AND MONTGOMERY COUNTIES.

Program Service Accomplishments

Program 1

OPERATION OF RURAL WATER SYSTEM AND SANITARY SEWER IN EFFINGHAM, JASPER, CLARK, CLAY, CUMBERLAND, EDWARDS, RICHLAND, SANGAMON, SHELBY, FAYETTE, CRAWFORD, CHRISTIAN, MONTGOMERY, AND BOND COUNTIES OF ILLINOIS. OVER 14,000 INDIVIDUAL CUSTOMERS AND 14 COMMUNITY WATER SUPPLIERS THAT HAVE THEIR OWN DISTRIBUTION SYSTEMS.

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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 $1,332,500

Program Service Revenue $16,721,849

Investment Income $67,907

Other Revenue $0

TOTAL REVENUE $18,122,256

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,051

Fundraising Expenses $0

Other Expenses $15,607,016

TOTAL EXPENSES $15,646,067

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,122,256	$17,579,747	+0.0%
Expenses	$15,646,067	$15,453,558	+0.0%
Net Income	$2,476,189	$2,126,189	+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

$326,525

Total Directors

$30,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON WARFEL	PRESIDENT	5.00	Officer Director	$3,750	$0	$3,750
MICHAEL HALL	VICE PRESIDENT	5.00	Officer Director	$3,950	$0	$3,950
GAIL GARBE	SECRETARY	5.00	Officer Director	$3,950	$0	$3,950
JEFF WILSON	TREASURER	5.00	Officer Director	$2,200	$0	$2,200
JIMMY AYERS	DIRECTOR	5.00	Director	$3,150	$0	$3,150
CHRIS HARTKE	DIRECTOR	5.00	Director	$2,950	$0	$2,950
GARRY MORRISON	DIRECTOR	5.00	Director	$3,350	$0	$3,350
DIANE AHERIN	DIRECTOR	5.00	Director	$3,550	$0	$3,550
CHARLES SMEDLEY	DIRECTOR	5.00	Director	$3,150	$0	$3,150
PB FINLEY	DIRECTOR	5.00	Director	$600	$0	$600
WILLIAM TEICHMILLER	CEO	45.00	Officer	$0	$312,675	$312,675
STEPHANIE WESTENDORF	EXECUTIVE ASSISTANT	45.00	Highest	$115,918	$8,667	$124,585
WILLIAM ALLRED	COO	45.00	Highest	$112,712	$14,426	$127,138
ZACHARY THULL	INFRASTRUCTURE AND ASSET MANAGEMENT	45.00	Highest	$121,022	$11,241	$132,263
DEAN SWINGLER	SUPERINTENDENT/AMBASSADOR	45.00	Highest	$121,103	$15,083	$136,186
JOSHUA KREKE	EASTSIDE FIELD SERVICE TECHNICIAN	45.00	Highest	$122,946	$15,221	$138,167

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	$18,122,256	$15,646,067	$136,541,308	$2,476,189
2023	$17,579,747	$15,453,558	$136,078,254	$2,126,189
2022	$13,748,606	$14,057,673	$130,323,826	$-309,067
2021	$16,127,224	$12,101,127	$127,986,459	$4,026,097
2020	$14,959,359	$11,413,960	$122,281,341	$3,545,399
2019	$10,564,195	$9,809,403	$110,569,101	$754,792