Bethune Rural Water Company Inc (EIN 570554976) - 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

1971

Legal Domicile

Principal Officer

Tracy Coates

Phone

8433348425

Tax Period

2024-01-01 to 2024-12-31

Bethune Rural Water Company Inc, founded in 1971, is a small nonprofit that reported $750K in total revenue in fiscal year 2024. Expenses of $709K left a modest 5% surplus.

Mission

Rural Water 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 $734,009

Investment Income $15,683

Other Revenue $0

TOTAL REVENUE $749,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $258,063

Fundraising Expenses $0

Program Expenses $661,866

Other Expenses $450,902

TOTAL EXPENSES $708,965

Year-over-Year Comparison

	2024	2023	Change
Revenue	$749,692	$783,992	0.0%
Expenses	$708,965	$640,564	+0.1%
Net Income	$40,727	$143,428	-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

N/A

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

$8,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tracey Coates	President	1.00	Director	$1,650	$0	$1,650
Daniel Catoe	Vice President	1.00	Director	$1,100	$0	$1,100
Kershaw Graham	Sec/Treasurer	1.00	Director	$1,500	$0	$1,500
Donald Caldwell	Board Member	1.00	Director	$1,100	$0	$1,100
Lynwood Horton	Board Member	1.00	Director	$1,100	$0	$1,100
Christopher H Mangum	Board Member	1.00	Director	$1,100	$0	$1,100
Kimberly Gibson	Board Member	1.00	Director	$1,000	$0	$1,000

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	$749,692	$708,965	$3,296,981	$40,727
2023	$783,992	$640,564	$3,329,345	$143,428
2022	$851,724	$597,956	$3,260,030	$253,768
2021	$1,013,859	$567,194	$2,993,584	$446,665
2020	$870,690	$529,010	$2,719,645	$341,680
2019	$581,131	$534,235	$2,329,959	$46,896
2018	$592,631	$544,377	$2,371,984	$48,254

Bethune Rural Water Company Inc