MID COUNTY WATER COMPANY INC (EIN 570520678) - 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

1968

Legal Domicile

Principal Officer

ROBERT DAVIS

Phone

8036355232

Tax Period

2024-01-01 to 2024-12-31

MID COUNTY WATER COMPANY INC, founded in 1968, is a small nonprofit that reported $965K in total revenue in fiscal year 2024. The organization ran a surplus of $191K, a strong 20% operating margin.

Mission

COMMUNITY WATER DISTRIBUTION SERVICE

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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 $939,680

Investment Income $25,059

Other Revenue $0

TOTAL REVENUE $964,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,140

Fundraising Expenses $0

Program Expenses $749,241

Other Expenses $682,985

TOTAL EXPENSES $774,125

Year-over-Year Comparison

	2024	2023	Change
Revenue	$964,739	$910,149	+0.1%
Expenses	$774,125	$797,650	0.0%
Net Income	$190,614	$112,499	+0.7%

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
TOMMY BROWN	BOARD MEMBER	N/A	Director	$0	$0	$0
DANIEL CALDWELL	BOARD MEMBER	N/A	Director	$0	$0	$0
ROBERT DAVIS	PRESIDENT	N/A	Officer Director	$0	$0	$0
ROBERT B ELLISON	TREASURER	N/A	Officer Director	$0	$0	$0
KENNETH SANDERS	BOARD MEMBER	N/A	Director	$0	$0	$0
HUBERT M RENTZ JR	MANAGER	N/A	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	$964,739	$774,125	$3,000,633	$190,614
2023	$910,149	$797,650	$2,821,147	$112,499
2022	$868,478	$761,992	$2,763,336	$106,486
2021	$811,952	$755,896	$2,631,168	$56,056
2020	$800,429	$810,894	$2,543,612	$-10,465
2019	$802,656	$828,038	$2,517,227	$-25,382
2018	$789,585	$834,200	$2,533,099	$-44,615

MID COUNTY WATER COMPANY INC