Heartville Water Cooperative Inc

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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

2015

Legal Domicile

Principal Officer

Bill Teichmiller

Phone

2179255566

Tax Period

2023-01-01 to 2023-12-31

Heartville Water Cooperative Inc, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $245K in total revenue in fiscal year 2023. The organization ran a surplus of $61K, a strong 25% operating margin.

Mission

HEARTVILLE WATER COOPERATIVE IS DEDICATED TO PROVIDING CLEAN WATER TO RURAL HOMES IN EFFINGHAM COUNTY.

Program Service Accomplishments

Program 1

Expenses: $183,268 Revenue: $244,310

OPERATION OF RURAL WATER SYSTEM IN EFFINGHAM COUNTY OF ILLINOIS TO 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $244,310

Investment Income $350

Other Revenue $0

TOTAL REVENUE $244,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $183,268

Other Expenses $183,268

TOTAL EXPENSES $183,268

Year-over-Year Comparison

	2023	2022	Change
Revenue	$244,660	$232,748	+0.1%
Expenses	$183,268	$163,274	+0.1%
Net Income	$61,392	$69,474	-0.1%

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

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
Richard Raber	President	0.50	Officer Director	$0	$0	$0
Harold Hampton	Vice President	0.50	Officer Director	$0	$0	$0
Bryan Peters	Treasurer	0.50	Officer Director	$0	$0	$0
Lyle Tolch	Secretary	0.50	Officer Director	$0	$0	$0
Don Tonn	Director	0.50	Director	$0	$0	$0
Steve Fulk	Director	0.50	Director	$0	$0	$0
Thad Brockett	Director	0.50	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	$244,660	$183,268	$1,498,745	$61,392
2022	$232,748	$163,274	$1,431,005	$69,474
2021	$227,169	$160,729	$1,385,007	$66,440
2020	$530,522	$153,684	$1,294,598	$376,838
2019	$431,931	$153,794	$917,510	$278,137
2018	$219,830	$150,390	$638,868	$69,440