RIDGE UTILITIES INC (EIN 546041501) - 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

2001

Legal Domicile

Principal Officer

AL FORTUNE

Phone

5409671408

Tax Period

2025-01-01 to 2025-12-31

RIDGE UTILITIES INC, founded in 2001, is a small nonprofit in the Mutual Benefit sector that reported $340K in total revenue in fiscal year 2018. Revenue surged 21% from the prior year, signaling strong growth momentum. Net assets of $1.1M represent 37 months of operating reserves.

Mission

TO PROVIDE WATER SERVICES TO MEMBERS OF THE BLUE RIDGE PROPERTY OWNERS ASSOCIATION

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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 $0

Program Service Revenue $479,464

Investment Income $12,584

Other Revenue $0

TOTAL REVENUE $492,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,019

Fundraising Expenses $0

Program Expenses $241,918

Other Expenses $178,912

TOTAL EXPENSES $378,931

Year-over-Year Comparison

	2025	2024	Change
Revenue	$492,048	$379,700	+0.3%
Expenses	$378,931	$362,090	+0.0%
Net Income	$113,117	$17,610	+5.4%

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
ERIC WINFREY	VICE PRESIDE	N/A	Director	$0	$0	$0
AL FORTUNE	PRESIDENT	N/A	Officer Director	$0	$0	$0
STEPHEN TOMPKINS	TREASURER	N/A	Officer Director	$0	$0	$0
MOLLI ELLIS	SECRETARY	N/A	Officer Director	$0	$0	$0
STEVEN BURRILL	DIRECTOR	N/A	Director	$0	$0	$0
BARRY JANKIEWICZ	DIRECTOR	N/A	Officer Director	$0	$0	$0
JAN CORNELIUS	DIRECTOR	N/A	Director	$0	$0	$0
CURT HEIDEL	GENERAL MANA	N/A	Officer	$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	$492,048	$378,931	$1,110,610	$113,117
2024	$379,700	$362,090	$1,046,078	$17,610
2023	$342,275	$363,835	$994,730	$-21,560
2022	$361,650	$356,052	$1,001,358	$5,598
2021	$313,235	$301,001	$995,536	$12,234
2020	$307,774	$359,163	$983,105	$-51,389
2019	$290,084	$330,646	$1,037,255	$-40,562
2018	$339,713	$334,432	$1,074,428	$5,281

RIDGE UTILITIES INC