Deep Run Water Corporation

EIN: 560933167

Deep Run, NC

Total Revenue
$2,365,653
Total Expenses
$2,464,382
Total Assets
$6,946,570
Net Assets
$6,535,088
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
NC
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.

Program Service Accomplishments

Program 1
Expenses: $2,423,123

Provided 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%)

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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

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Governance

Voting Members
8
Independent Members
8
Employees
8
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
4
$3,600
Total Directors
9
$3,600
Key Employees
0
$0
Highest Compensated
0
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
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