Deep Run Water Corporation (EIN 560933167) - 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

1969

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Deep Run Water Corporation, founded in 1969, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Net assets of $6.5M represent 33 months of operating reserves.

Mission

Provide clean water to 5,513 resident members of southern Lenoir County.

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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 $2,320

Program Service Revenue $2,303,568

Investment Income $59,765

Other Revenue $0

TOTAL REVENUE $2,365,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $487,483

Fundraising Expenses $0

Program Expenses $2,423,123

Other Expenses $1,976,899

TOTAL EXPENSES $2,464,382

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,365,653	$2,356,844	+0.0%
Expenses	$2,464,382	$2,508,458	0.0%
Net Income	$-98,729	$-151,614	-0.3%

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

$3,600

Total Directors

$3,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andy Heath	President	2.00	Officer Director	$3,600	$0	$3,600
Randy R Byrd Jr	Director	0.00	Director	$0	$0	$0
Mark J Rouse III	Director	0.00	Director	$0	$0	$0
Donald E Taylor	Director	0.00	Director	$0	$0	$0
John A Rouse	Director	0.00	Director	$0	$0	$0
James Robinson	Director	0.00	Director	$0	$0	$0
John Mohrfeld	Vice President	0.00	Officer Director	$0	$0	$0
Billy Kennedy	Treasurer	0.00	Officer Director	$0	$0	$0
Samuel C Cash Jr	Secretary	0.00	Officer 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	No data	No data	No data	No data
2023	$2,365,653	$2,464,382	$6,946,570	$-98,729
2022	$2,356,844	$2,508,458	$6,988,086	$-151,614
2021	$2,327,078	$2,310,248	$7,256,467	$16,830
2020	$2,192,089	$2,344,866	$7,202,650	$-152,777
2019	$2,265,688	$2,382,846	$7,311,602	$-117,158
2018	$2,413,224	$2,498,394	$7,638,841	$-85,170

Deep Run Water Corporation