SOUTH ATLANTIC WELL DRILLERS JUBILEE INC (EIN 566125305) - 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

1974

Legal Domicile

Principal Officer

KIM BARCLAY

Phone

8502240711

Tax Period

2024-01-01 to 2024-12-31

SOUTH ATLANTIC WELL DRILLERS JUBILEE INC, founded in 1974, is a small nonprofit that reported $489K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $98K, a strong 20% operating margin.

Mission

TO ENCOURAGE TRADE AND PROMOTION OF THE BUSINESS OF WATER WELL DRILLING, THE INSTALLATION OF GROUNDWATER SYSTEMS, AND RELATED GROUND WATER ACTIVITIES, PARTICULARLY IN THE SOUTH ATLANTIC AREA OF THE UNITED STATES.TO PROVIDE EDUCATIONAL PROGRAMS DESIGNED TO IMPROVE PROFESSIONALISM, TECHNICAL EXPERTISE, AND IMAGE OF THE INDUSTRY.

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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 $16,500

Program Service Revenue $455,367

Investment Income $27

Other Revenue $17,207

TOTAL REVENUE $489,101

Expense Breakdown

Grants Paid $16,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $341,416

Other Expenses $374,522

TOTAL EXPENSES $391,022

Year-over-Year Comparison

	2024	2023	Change
Revenue	$489,101	$438,753	+0.1%
Expenses	$391,022	$386,631	+0.0%
Net Income	$98,079	$52,122	+0.9%

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

N/A

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
MIKE FLOYD	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM MCCLAIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
LARRY ALTMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MIKE GILL	SECRETARY	1.00	Officer Director	$0	$0	$0
DUSTIN MERRILL	DIRECTOR	1.00	Director	$0	$0	$0
TIM BRANNON	DIRECTOR	1.00	Director	$0	$0	$0
JASON KWIATKOWSKI	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES WATSON	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL DANNY KELLY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN D O'DELL	DIRECTOR	1.00	Director	$0	$0	$0
MIKE DAISEY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BOWMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT ENGEMAN III	SUPPLIER/MANUFACTURER REP	1.00	Officer Director	$0	$0	$0
JOSEPH ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
CHASE BARAN	DIRECTOR	1.00	Director	$0	$0	$0
MATT CUNNINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
RJ HUSS	DIRECTOR	1.00	Director	$0	$0	$0
KIM BARCLAY	EXECUTIVE DIRECTOR	1.00	Officer	$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	$489,101	$391,022	$245,127	$98,079
2023	$438,753	$386,631	$147,810	$52,122
2022	$392,614	$379,552	$119,182	$13,062
2021	$310,717	$355,624	$81,864	$-44,907
2020	$4,820	$185,504	$126,771	$-180,684
2019	$317,969	$332,050	$307,455	$-14,081
2018	$406,116	$388,890	$321,536	$17,226

SOUTH ATLANTIC WELL DRILLERS JUBILEE INC