THOMAS BRIDGE WATER CORPORATION (EIN 540887326) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1966

Legal Domicile

Principal Officer

FRANCIS J COPENHAVER JR

Phone

2767834118

Tax Period

2025-01-01 to 2025-12-31

THOMAS BRIDGE WATER CORPORATION, founded in 1966, is a small nonprofit that reported $817K in total revenue in fiscal year 2018. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE ADEQUATE WATER TO THE CITIZENS OF THE THOMAS BRIDGE AREA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $70,181

Program Service Revenue $974,478

Investment Income $9,910

Other Revenue $13,877

TOTAL REVENUE $1,068,446

Expense Breakdown

Grants Paid $0

Salaries & Benefits $475,108

Fundraising Expenses $0

Program Expenses $1,111,971

Other Expenses $636,863

TOTAL EXPENSES $1,111,971

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,068,446	$1,335,157	-0.2%
Expenses	$1,111,971	$927,769	+0.2%
Net Income	$-43,525	$407,388	-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

$38,328

Total Directors

$38,328

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRY DEAN	DIRECTOR	N/A	Officer Director	$825	$0	$825
JEFF SPICKARD	VICE PRESIDE	N/A	Officer Director	$900	$0	$900
BOBBY COMBS	SECRETARY/TR	N/A	Officer Director	$825	$0	$825
FRANCIS J COPENHAVER JR	ADMINISTRATO	40.00	Officer Director	$33,378	$0	$33,378
MICHAEL POWERS	DIRECTOR	N/A	Officer Director	$900	$0	$900
ELLIS ROUSE	PRESIDENT	N/A	Officer Director	$900	$0	$900
SUE TILSON	DIRECTOR	N/A	Officer Director	$600	$0	$600

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	$1,068,446	$1,111,971	$3,785,418	$-43,525
2024	No data	No data	No data	No data
2023	$943,698	$838,962	$3,834,590	$104,736
2022	$1,036,942	$792,912	$3,977,407	$244,030
2021	$970,580	$751,917	$3,818,788	$218,663
2020	$1,517,293	$728,362	$3,789,903	$788,931
2019	$826,604	$829,243	$2,780,971	$-2,639
2018	$817,343	$811,261	$2,708,616	$6,082

THOMAS BRIDGE WATER CORPORATION