WEST IREDELL WATER COMPANY (EIN 561145958) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

ERNIE POPE

Phone

7048731658

Tax Period

2024-01-01 to 2024-12-31

WEST IREDELL WATER COMPANY, founded in 1971, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.3M left a modest 5% surplus.

Mission

RURAL WATER SUPPLY

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,341,267

Investment Income $0

Other Revenue $14,380

TOTAL REVENUE $1,355,647

Expense Breakdown

Grants Paid $0

Salaries & Benefits $324,724

Fundraising Expenses $0

Other Expenses $956,640

TOTAL EXPENSES $1,281,364

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,355,647	$1,391,525	0.0%
Expenses	$1,281,364	$1,241,858	+0.0%
Net Income	$74,283	$149,667	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$70,321

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA MOORE	SECRETARY	40.00	Officer	$68,273	$2,048	$70,321
BRIAN CURTIN	DIRECTOR	2.00	Director	$0	$0	$0
TONY GREGORY	DIRECTOR	2.00	Director	$0	$0	$0
DEBBIE MYERS	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG PUGH	DIRECTOR	2.00	Director	$0	$0	$0
ERNIE POPE	PRESIDENT	2.00	Officer Director	$0	$0	$0
TIM ROSEMAN	DIRECTOR	2.00	Director	$0	$0	$0
MIKE WARREN	TREASURER	2.00	Officer Director	$0	$0	$0
DARRELL WATT	DIRECTOR	2.00	Director	$0	$0	$0
LEE WOODS	VICE-PRESIDE	2.00	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	$1,355,647	$1,281,364	$4,785,830	$74,283
2023	$1,391,525	$1,241,858	$4,694,196	$149,667
2022	$1,300,029	$1,175,454	$4,548,722	$124,575
2021	$1,314,976	$1,089,337	$4,411,249	$225,639
2020	$1,175,009	$956,143	$4,229,808	$218,866
2019	$1,179,064	$929,068	$3,960,520	$249,996
2018	$1,172,326	$940,361	$3,700,454	$231,965

WEST IREDELL WATER COMPANY