STOKES REGIONAL WATER CORPORATION

EIN: 561069817

STOKES, NC

Total Revenue
$881,283
Total Expenses
$845,264
Total Assets
$4,370,246
Net Assets
$1,825,779
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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
1971
Legal Domicile
NC
Principal Officer
NOEL LEE III
Phone
2527577751
Tax Period
2024-01-01 to 2024-12-31

STOKES REGIONAL WATER CORPORATION, founded in 1971, is a small nonprofit that reported $881K in total revenue in fiscal year 2024. Expenses of $845K left a modest 4% surplus.

Mission

TO SUPPLY MEMBERSHIP WITH WATER SERVICES

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,400
Program Service Revenue $820,787
Investment Income $37,195
Other Revenue $21,901
TOTAL REVENUE $881,283

Expense Breakdown

Grants Paid $0
Salaries & Benefits $160,807
Fundraising Expenses $0
Other Expenses $684,457
TOTAL EXPENSES $845,264

Year-over-Year Comparison

2024 2023 Change
Revenue $881,283 $906,948 0.0%
Expenses $845,264 $905,456 -0.1%
Net Income $36,019 $1,492 +23.1%
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
5
Independent Members
5
Employees
7
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT AVERY DIRECTOR 1.00
Director
$0 $0 $0
GREG BRILEY VICE PRESIDE 2.00
Officer Director
$0 $0 $0
BRUCE FRASER DIRECTOR 1.00
Director
$0 $0 $0
NOEL LEE III PRESIDENT 3.00
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 $881,283 $845,264 $4,370,246 $36,019
2023 $906,948 $905,456 $4,491,842 $1,492
2022 $915,004 $766,538 $4,561,229 $148,466
2021 $915,041 $672,631 $5,176,428 $242,410
2020 $768,267 $678,826 $4,885,324 $89,441
2019 $769,835 $677,874 $4,908,438 $91,961
2018 $780,405 $663,876 $4,905,720 $116,529
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