Dan River Water Inc (EIN 560901770) - 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

1964

Legal Domicile

Principal Officer

John Hylton Sr

Phone

3366232526

Tax Period

2024-07-01 to 2025-06-30

Dan River Water Inc, founded in 1964, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2024. Expenses of $3.2M left a modest 7% surplus.

Mission

Sale of water to rural residents of Rockingham County, North Carolina

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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 $3,377,951

Investment Income $28,355

Other Revenue $36,878

TOTAL REVENUE $3,443,184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $772,636

Fundraising Expenses $0

Program Expenses $2,816,862

Other Expenses $2,423,029

TOTAL EXPENSES $3,195,665

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,443,184	$3,191,293	+0.1%
Expenses	$3,195,665	$3,104,635	+0.0%
Net Income	$247,519	$86,658	+1.9%

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

$25,650

Total Directors

$16,150

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Hylton Sr	President	1.00	Officer	$7,000	$0	$7,000
Daniel Fargis	Treasurer	1.00	Officer	$6,700	$0	$6,700
John Edwards	Vice-President	1.00	Officer	$5,850	$0	$5,850
Carter Combs	Secretary	1.00	Officer	$6,100	$0	$6,100
Chris Pierson	Director	0.50	Director	$3,350	$0	$3,350
Mitch Blackburn	Director	0.50	Director	$3,050	$0	$3,050
Chris Law	Director	0.50	Director	$3,350	$0	$3,350
Albert Strader III	Director	0.50	Director	$3,350	$0	$3,350
Nathaniel Garrett	Director	0.50	Director	$3,050	$0	$3,050
Jesse D Carter	Key Employee	40.00	Highest	$112,247	$0	$112,247
Thomas M Lemons	Key Employee	24.00	Highest	$113,242	$0	$113,242

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	$3,443,184	$3,195,665	$10,549,545	$247,519
2024	$3,191,293	$3,104,635	$10,651,290	$86,658
2023	$2,959,147	$2,630,161	$10,853,072	$328,986
2022	$2,761,226	$2,173,965	$10,485,784	$587,261
2021	$2,727,493	$2,205,477	$10,080,582	$522,016
2020	$2,675,504	$2,301,677	$9,920,273	$373,827

Dan River Water Inc