HILLCREST SCURLOCK WATER SYSTEM INC (EIN 561030614) - 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

Cleo McPhatter

Tax Period

2020-07-01 to 2021-06-30

HILLCREST SCURLOCK WATER SYSTEM INC, founded in 1964, is a small nonprofit that reported $259K in total revenue in fiscal year 2020. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $249K left a modest 4% surplus.

Mission

THIS ORGANIZATION WAS ESTABLISHED TO PROVIDE CLEAN WATER TO THE WATER DISTRICT SET UP THROUGH THE HOKE COUNTY COMMISSIONERS. THE SYSTEM SALES WATER TO THE CITIZENS WITHIN ITS DISTRICT AND OPERATES ON NONPROFIT BASIS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $232,526

Investment Income $0

Other Revenue $26,565

TOTAL REVENUE $259,091

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,343

Fundraising Expenses $0

Program Expenses $249,408

Other Expenses $129,065

TOTAL EXPENSES $249,408

Year-over-Year Comparison

	2020	2019	Change
Revenue	$259,091	$234,833	+0.1%
Expenses	$249,408	$260,648	0.0%
Net Income	$9,683	$-25,815	-1.4%

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

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
John Baker	BOARD	1.00	Director	$0	$0	$0
Michael Scott	BOARD	1.00	Director	$0	$0	$0
Obie Lee Smith	BOARD	1.00	Director	$0	$0	$0
Lacy McPhatter	BOARD	1.00	Director	$0	$0	$0
Norman White	BOARD	1.00	Director	$0	$0	$0
Cleo McPhatter	BOARD	10.00	Officer Director	$0	$0	$0
Lynn Salzer	SECRETARY	10.00	Key Emp	$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
2021	$259,091	$249,408	$260,246	$9,683
2019	$314,837	$301,735	$263,272	$13,102

HILLCREST SCURLOCK WATER SYSTEM INC