OSWEGO RURAL WATER COMPANY (EIN 570752860) - 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

1980

Legal Domicile

Principal Officer

RITA HAMILTON

Tax Period

2024-01-01 to 2024-12-31

OSWEGO RURAL WATER COMPANY, founded in 1980, is a small nonprofit that reported $751K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $876K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE WATER TO SPECIFIC RURAL AREAS OF SUMTER COUNTY, SC.

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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 $687,420

Investment Income $34,166

Other Revenue $29,542

TOTAL REVENUE $751,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,701

Fundraising Expenses $0

Other Expenses $811,355

TOTAL EXPENSES $876,056

Year-over-Year Comparison

	2024	2023	Change
Revenue	$751,128	$660,404	+0.1%
Expenses	$876,056	$791,258	+0.1%
Net Income	$-124,928	$-130,854	0.0%

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

$32,960

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RITA HAMILTON	OFFICE MANAG	35.00	Officer	$32,960	$0	$32,960
MAE RUTH COOKE	DIRECTOR	1.00	Director	$0	$0	$0
MIRANDA DAVIS-CHOICE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GROOMS	DIRECTOR	1.00	Director	$0	$0	$0
LARRY LASSEIGNE	DIRECTOR	1.00	Director	$0	$0	$0
PAT POSEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROGERS REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
DON SMITH	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL SPANN	VICE PRESIDE	1.00	Officer 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	$751,128	$876,056	$4,573,760	$-124,928
2023	$660,404	$791,258	$4,736,812	$-130,854
2022	$651,596	$749,515	$4,884,645	$-97,919
2021	$653,653	$731,801	$5,133,195	$-78,148
2020	$688,529	$857,967	$5,008,888	$-169,438
2020	$696,917	$681,675	$5,234,198	$15,242
2019	$832,837	$620,250	$5,406,354	$212,587
2018	$514,923	$520,599	$4,719,240	$-5,676

OSWEGO RURAL WATER COMPANY