NEBO WATER SYSTEM INC (EIN 462214368) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

CHANCE WILLIS

Phone

3187440308

Tax Period

2024-01-01 to 2024-12-31

NEBO WATER SYSTEM INC, founded in 1971, is a small nonprofit in the Environment sector that reported $365K in total revenue in fiscal year 2024. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $444K exceeded revenue, resulting in a 22% operating deficit.

Mission

PROVIDE WATER TO RURAL COMMUNITY

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $41,845

Program Service Revenue $322,849

Investment Income $0

Other Revenue $0

TOTAL REVENUE $364,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $443,829

TOTAL EXPENSES $443,829

Year-over-Year Comparison

	2024	2023	Change
Revenue	$364,694	$1,437,058	-0.7%
Expenses	$443,829	$379,828	+0.2%
Net Income	$-79,135	$1,057,230	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
CHANCE	WILLIS	1.00	Director	$0	$0	$0
JESSICA	MARKS	1.00	Director	$0	$0	$0
STEVE	SANDERS	1.00	Director	$0	$0	$0
CURT	AINSWORTH	1.00	Director	$0	$0	$0
LANDON	LEMAY	1.00	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
2024	$364,694	$443,829	$5,552,529	$-79,135
2023	$1,437,058	$379,828	$5,839,310	$1,057,230
2022	$333,348	$228,001	$4,679,820	$105,347
2021	$371,863	$153,700	$4,763,640	$218,163
2020	$334,768	$148,345	$3,988,808	$186,423
2019	$390,303	$161,696	$3,097,761	$228,607
2018	$551,885	$109,277	$732,494	$442,608

NEBO WATER SYSTEM INC