WHITEWATER SPRINGS WATER SUPPLY COR (EIN 451820307) - 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

2011

Legal Domicile

Principal Officer

GREGG THOMPSON

Phone

5128943322

Tax Period

2024-01-01 to 2024-12-31

WHITEWATER SPRINGS WATER SUPPLY COR, founded in 2011, is a small nonprofit in the Public & Societal Benefit sector that reported $353K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $96K, a strong 27% operating margin.

Mission

PROVIDE POTABLE WATER TO ITS' MEMBERS

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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 $353,053

Investment Income $0

Other Revenue $0

TOTAL REVENUE $353,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $257,383

TOTAL EXPENSES $257,383

Year-over-Year Comparison

	2024	2023	Change
Revenue	$353,053	$500,391	-0.3%
Expenses	$257,383	$313,323	-0.2%
Net Income	$95,670	$187,068	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK CARAMANICA	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LISA HALEY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN KOVACH	DIR. OF OPER	1.00	Director	$0	$0	$0
KEN RIPPERGER-SUHLER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SPEHAR	DIRECTOR	1.00	Director	$0	$0	$0
JOHN STECZKOWSKI	SECRETARY	1.00	Officer Director	$0	$0	$0
GREGG THOMPSON	PRESIDENT	1.00	Officer 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
2024	$353,053	$257,383	$2,325,697	$95,670
2023	$500,391	$313,323	$2,268,113	$187,068
2022	$527,577	$217,059	$2,011,979	$310,518
2021	$383,200	$155,554	$1,719,015	$227,646
2020	$334,930	$181,782	$1,440,663	$153,148
2019	$225,277	$149,345	$1,291,523	$75,932
2018	$171,197	$114,419	$709,212	$56,778

WHITEWATER SPRINGS WATER SUPPLY COR