BOGUE BANKS WATER CORPORATION (EIN 570525526) - 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

CHRISTOPHER CARROLL

Phone

2523543307

Tax Period

2024-01-01 to 2024-12-31

BOGUE BANKS WATER CORPORATION, founded in 1968, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.3M, a strong 29% operating margin.

Mission

PROVIDING WATER SERVICE AND STORAGE FOR 6,599 CUSTOMERS

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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 $4,498,506

Investment Income $132,221

Other Revenue $0

TOTAL REVENUE $4,630,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,091,357

Fundraising Expenses $0

Other Expenses $2,203,486

TOTAL EXPENSES $3,294,843

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,630,727	$4,138,217	+0.1%
Expenses	$3,294,843	$2,977,968	+0.1%
Net Income	$1,335,884	$1,160,249	+0.2%

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

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

$2,250

Total Directors

$5,175

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHUCK JORDAN	BOARD MEMBER	1.00	Director	$1,125	$0	$1,125
PAMELA MOSS	BOARD MEMBER	1.00	Director	$1,125	$0	$1,125
DAISY SPELL	BOARD MEMBER	1.00	Director	$1,125	$0	$1,125
CHRISTOPHER CARROLL	CHAIRMAN OF	2.00	Officer	$1,125	$0	$1,125
PAXON HOLZ	SECRETARY/TR	1.00	Officer	$1,125	$0	$1,125
NATALIE CRUMPLER	BOARD MEMBER	1.00	Director	$900	$0	$900
JOHN MCLEAN JR	BOARD MEMBER	1.00	Director	$900	$0	$900

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	$4,630,727	$3,294,843	$23,829,349	$1,335,884
2023	$4,138,217	$2,977,968	$21,415,927	$1,160,249
2022	$4,309,737	$2,651,145	$20,136,197	$1,658,592
2021	$3,872,694	$2,531,274	$18,356,935	$1,341,420
2020	$3,646,609	$2,325,471	$16,886,044	$1,321,138
2019	$2,940,294	$2,417,670	$15,635,024	$522,624
2018	$2,726,387	$2,335,830	$15,041,022	$390,557

BOGUE BANKS WATER CORPORATION