WALLACE WATER COMPANY INCORPORATED (EIN 570601006) - 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

1972

Legal Domicile

Principal Officer

JEREMY D STEEN

Phone

8435376160

Tax Period

2023-01-01 to 2023-12-31

WALLACE WATER COMPANY INCORPORATED, founded in 1972, is a small nonprofit that reported $738K in total revenue in fiscal year 2023. Net assets of $2.3M represent 37 months of operating reserves.

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $732,916

Investment Income $5,023

Other Revenue $0

TOTAL REVENUE $737,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $207,168

Fundraising Expenses $0

Other Expenses $558,142

TOTAL EXPENSES $765,310

Year-over-Year Comparison

	2023	2022	Change
Revenue	$737,939	$705,558	+0.0%
Expenses	$765,310	$777,953	0.0%
Net Income	$-27,371	$-72,395	-0.6%

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

$52,623

Total Directors

$60,423

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES DEAVER	DIRECTOR	1.00	Director	$1,400	$0	$1,400
JOHN FRANK BENNETT	DIRECTOR	1.00	Director	$1,400	$0	$1,400
CECIL KIMERY	DIRECTOR	1.00	Director	$800	$0	$800
FRANK WILLIAMS	DIRECTOR	1.00	Director	$1,400	$0	$1,400
JIMMY GRISSOM	DIRECTOR	1.00	Director	$1,400	$0	$1,400
MAXINE KNIGHT	TREASURER	1.00	Officer Director	$30,546	$0	$30,546
JEREMY STEEN	PRESIDENT	5.00	Officer Director	$22,077	$0	$22,077
JENNIFER SPORTS	DIRECTOR	1.00	Director	$1,400	$0	$1,400

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	No data	No data	No data	No data
2023	$737,939	$765,310	$4,358,733	$-27,371
2022	$705,558	$777,953	$4,486,149	$-72,395
2021	$712,415	$704,105	$4,642,669	$8,310
2020	$674,420	$675,966	$4,741,337	$-1,546
2019	$665,295	$644,981	$4,769,098	$20,314
2018	$660,379	$597,220	$4,755,680	$63,159

WALLACE WATER COMPANY INCORPORATED