WEST CARTERET WATER CORPORATION (EIN 561432125) - 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

1984

Legal Domicile

Principal Officer

SHEILA MOORE

Phone

2523931515

Tax Period

2024-01-01 to 2024-12-31

WEST CARTERET WATER CORPORATION, founded in 1984, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2024. Expenses of $6.5M left a modest 7% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE TREATED WATER SERVICE TO ITS MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,817,096

Investment Income $63,287

Other Revenue $61,782

TOTAL REVENUE $6,942,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,061,710

Fundraising Expenses $0

Program Expenses $4,849,792

Other Expenses $4,405,230

TOTAL EXPENSES $6,466,940

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,942,165	$6,588,066	+0.1%
Expenses	$6,466,940	$5,934,204	+0.1%
Net Income	$475,225	$653,862	-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

$4,000

Total Directors

$8,658

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHEILA MOORE	PRESIDENT	0.50	Officer Director	$1,680	$0	$1,680
BOBBY BELL	SECRETARY/TREASURER	0.50	Officer Director	$1,680	$0	$1,680
SAMUEL GIBSON	DIRECTOR	0.50	Director	$700	$0	$700
BRENDA NEWMAN	VICE PRESIDENT	0.50	Officer Director	$640	$0	$640
CLINTON E SALTER	DIRECTOR	0.50	Director	$600	$0	$600
PAM ROSE	DIRECTOR	0.50	Director	$900	$0	$900
DAN FORTIN	DIRECTOR	0.50	Director	$800	$0	$800
DR STEVEN PRIDGEN	DIRECTOR	0.50	Director	$1,358	$0	$1,358
S WILSON VENTERS	DIRECTOR	0.50	Director	$300	$0	$300
LISA D SMITH PERRI	EXECUTIVE DIRECTOR	40.00	Highest	$141,866	$0	$141,866
H BRYAN WILSON	EMPLOYEE	40.00	Highest	$126,095	$0	$126,095

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	$6,942,165	$6,466,940	$31,325,977	$475,225
2023	$6,588,066	$5,934,204	$31,368,280	$653,862
2022	$6,530,694	$5,322,469	$31,234,111	$1,208,225
2021	$5,934,508	$5,093,049	$30,167,915	$841,459
2020	$4,962,895	$4,977,198	$30,296,554	$-14,303
2019	$5,529,553	$5,139,638	$30,991,566	$389,915
2018	$6,359,985	$4,474,800	$29,232,926	$1,885,185

WEST CARTERET WATER CORPORATION