ST JOHN'S WATER COMPANY INC (EIN 570620187) - 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

1975

Legal Domicile

Principal Officer

THOMAS LEGARE JR

Phone

8435590186

Tax Period

2023-10-01 to 2024-09-30

ST JOHN'S WATER COMPANY INC, founded in 1975, is a mid-sized nonprofit that reported $17.5M in total revenue in fiscal year 2023. The organization ran a surplus of $3.8M, a strong 21% operating margin.

Mission

THE MISSION OF THE ST. JOHN'S WATER COMPANY IS TO CONTINUALLY FURNISH SERVICE OF THE HIGHEST QUALITY, CLEAN, AND SAFE POTABLE WATER AT THE LOWEST COST. TO PLAN FOR THE FUTURE IN ORDER THAT WE MAY PREPARE TO MEET THE DEMANDS FOR SERVICE THAT THE GROWTH OF OUR AREA MAY REQUIRE.

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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 $14,083,223

Investment Income $814,308

Other Revenue $2,611,034

TOTAL REVENUE $17,508,565

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,417,302

Fundraising Expenses $0

Other Expenses $12,334,237

TOTAL EXPENSES $13,751,539

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,508,565	$17,022,161	+0.0%
Expenses	$13,751,539	$12,757,679	+0.1%
Net Income	$3,757,026	$4,264,482	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS LEGARE JR	PRESIDENT	2.00	Officer Director	$0	$0	$0
CINDY FLOYD	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
GLENDA MILLER	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
BECKY DENNIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ISAAC ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
TOMMY WEST	BOARD MEMBER	1.00	Director	$0	$0	$0
H BERNARD FREEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MELLEN MOORE	BOARD MEMBER	1.00	Director	$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	$17,508,565	$13,751,539	$70,179,850	$3,757,026
2023	$17,022,161	$12,757,679	$66,305,763	$4,264,482
2022	$16,064,888	$12,540,991	$62,033,929	$3,523,897
2021	$12,479,408	$11,702,412	$58,711,739	$776,996
2020	$14,591,390	$10,879,220	$58,043,978	$3,712,170
2019	$13,364,766	$10,444,525	$54,361,937	$2,920,241
2018	$12,386,276	$9,507,238	$51,615,212	$2,879,038

ST JOHN'S WATER COMPANY INC