SOUTHWATER INC (EIN 371338297) - 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

1994

Legal Domicile

Principal Officer

SAM DAVIS

Phone

6187765274

Tax Period

2022-01-01 to 2022-12-31

SOUTHWATER INC, founded in 1994, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2022. Expenses of $2.0M exceeded revenue, resulting in a 24% operating deficit.

Mission

PROVIDE WATER SERVICES FOR COMMUNITIES AND FARM DWELLINGS IN RURAL SOUTHERN ILLINOIS. SOUTHWATER OPERATES A REGIONAL POTABLE WATER TREATMENT AND DISTRIBUTION 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 $0

Program Service Revenue $1,577,051

Investment Income $9,183

Other Revenue $9,586

TOTAL REVENUE $1,595,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $432,873

Fundraising Expenses $0

Program Expenses $1,817,013

Other Expenses $1,539,671

TOTAL EXPENSES $1,972,544

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,595,820	$1,585,503	+0.0%
Expenses	$1,972,544	$1,832,021	+0.1%
Net Income	$-376,724	$-246,518	+0.5%

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

$84,239

Total Directors

$2,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT URY	PRESIDENT	1.00	Director	$600	$0	$600
LAMAR HOUSTON	DIRECTOR	1.00	Director	$300	$0	$300
SCOTT MILLER	VICE PRESIDENT	1.00	Director	$600	$0	$600
REANA WRIGHT	SECRETARY/TREASURER	1.00	Director	$600	$0	$600
RYAN PARR	DIRECTOR	1.00	Director	$200	$0	$200
DEREK HOGUE	EXECUTIVE VICE PRESIDENT	40.00	Officer	$79,584	$4,655	$84,239

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	No data	No data	No data	No data
2023	No data	No data	No data	No data
2022	$1,595,820	$1,972,544	$7,565,278	$-376,724
2021	$1,585,503	$1,832,021	$8,152,162	$-246,518
2020	$1,388,820	$1,814,990	$8,659,097	$-426,170
2019	$1,554,476	$1,780,857	$9,206,361	$-226,381
2018	$1,419,646	$1,792,691	$9,641,986	$-373,045

SOUTHWATER INC