FAYETTE WATER COMPANY (EIN 371279790) - 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

1996

Legal Domicile

Principal Officer

DENNIS R VAUGHN

Phone

6183472430

Tax Period

2022-07-01 to 2023-06-30

FAYETTE WATER COMPANY, founded in 1996, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2022. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $2.6M left a modest 14% surplus.

Mission

RURAL WATER DELIVERY SYSTEM

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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 (2022)

Revenue Breakdown

Contributions & Grants $843,666

Program Service Revenue $2,132,874

Investment Income $13,330

Other Revenue $22,201

TOTAL REVENUE $3,012,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $449,739

Fundraising Expenses $0

Other Expenses $2,146,584

TOTAL EXPENSES $2,596,323

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,012,071	$2,215,156	+0.4%
Expenses	$2,596,323	$2,213,303	+0.2%
Net Income	$415,748	$1,853	+223.4%

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

$113,447

Total Directors

$9,670

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT HOWARD	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID HARRISON	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
ANDY ZEAMAN	TREASURER	2.00	Officer Director	$0	$0	$0
JASON TREXLER	DIRECTOR	1.00	Director	$0	$0	$0
KENNY BARR	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS L VAUGHN	PRESIDENT	4.00	Officer Director	$9,670	$0	$9,670
ERIC TUCKER	DIRECTOR	1.00	Director	$0	$0	$0
TERRY ROBBINS	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS STACEY	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS R VAUGHN	EXECUTIVE DIRECTOR	40.00	Officer	$103,777	$0	$103,777

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,012,071	$2,596,323	$21,003,997	$415,748
2022	$2,215,156	$2,213,303	$20,479,940	$1,853
2021	$2,016,441	$2,188,229	$20,856,393	$-171,788
2020	$2,565,673	$2,128,857	$21,119,575	$436,816
2019	$2,493,834	$2,186,644	$20,490,818	$307,190
2018	$2,058,651	$2,100,168	$20,139,883	$-41,517

FAYETTE WATER COMPANY