HENRY COUNTY WATER COMPANY (EIN 431289872) - 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

1983

Legal Domicile

Phone

6608852157

Tax Period

2023-01-01 to 2023-12-31

HENRY COUNTY WATER COMPANY, founded in 1983, is a community nonprofit in the Public & Societal Benefit sector that reported $3.6M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 29% operating margin.

Mission

PUBLIC WATER 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 (2023)

Revenue Breakdown

Contributions & Grants $198,200

Program Service Revenue $3,355,938

Investment Income $34,323

Other Revenue $0

TOTAL REVENUE $3,588,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,306

Fundraising Expenses $0

Program Expenses $2,562,190

Other Expenses $2,557,884

TOTAL EXPENSES $2,562,190

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,588,461	$2,881,971	+0.2%
Expenses	$2,562,190	$2,395,950	+0.1%
Net Income	$1,026,271	$486,021	+1.1%

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

$3,000

Total Directors

$4,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD J TURNER	Vice President	2.00	Officer Director	$1,000	$0	$1,000
SCOTT VOELMECK	Secretary	2.00	Officer Director	$1,000	$0	$1,000
CLYDE BRIGGS	Director	2.00	Director	$1,000	$0	$1,000
JOHN RANDALL TAYLOR	President	2.00	Officer Director	$1,000	$0	$1,000
CHRISTY MAGGI	Director	2.00	Director	$0	$0	$0

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	$3,588,461	$2,562,190	$10,025,022	$1,026,271
2022	$2,881,971	$2,395,950	$9,644,400	$486,021
2021	$2,826,708	$2,296,532	$9,708,417	$530,176
2020	$2,670,842	$2,246,477	$9,819,164	$424,365
2019	$2,650,688	$2,223,758	$9,998,657	$426,930
2018	$2,678,278	$2,200,628	$10,216,634	$477,650

HENRY COUNTY WATER COMPANY