CHESTERFIELD COUNTY RURAL WATER COMPANY INC (EIN 570760336) - 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

JULIE F JOHNSON

Phone

8436236090

Tax Period

2024-01-01 to 2024-12-31

CHESTERFIELD COUNTY RURAL WATER COMPANY INC, founded in 1968, is a mid-sized nonprofit that reported $11.3M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 25% operating margin.

Mission

TO PROVIDE WATER AND SERVICES TO THE RURAL AREAS OF CHESTERFIELD COUNTY, SOUTH CAROLINA.

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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 $2,448,875

Program Service Revenue $8,717,872

Investment Income $85,386

Other Revenue $9,428

TOTAL REVENUE $11,261,561

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,965,513

Fundraising Expenses $0

Other Expenses $6,446,747

TOTAL EXPENSES $8,412,260

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,261,561	$7,771,459	+0.4%
Expenses	$8,412,260	$8,166,418	+0.0%
Net Income	$2,849,301	$-394,959	-8.2%

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

$252,249

Total Directors

$33,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE F JOHNSON	GENERAL MANA	40.00	Officer	$140,957	$0	$140,957
GALE GRIGGS	CONTROLLER	40.00	Officer	$111,292	$0	$111,292
LAWRENCE KING	BOARD PRESID	5.00	Director	$4,800	$0	$4,800
CATHY CASPER	DIRECTOR	4.00	Director	$3,600	$0	$3,600
WM CASSIDY	DIRECTOR	4.00	Director	$3,600	$0	$3,600
VIRGIL CRENSHAW	DIRECTOR	4.00	Director	$3,600	$0	$3,600
BELINDA PIGG	DIRECTOR	4.00	Director	$3,600	$0	$3,600
ERIC PIGG	BOARD SECRET	4.00	Director	$3,600	$0	$3,600
HAROLD PORTER	DIRECTOR	4.00	Director	$3,600	$0	$3,600
JAMES SWEENEY	BOARD VICE P	4.00	Director	$3,600	$0	$3,600
DEAN TUCKER	DIRECTOR	4.00	Director	$3,600	$0	$3,600

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	$11,261,561	$8,412,260	$25,470,588	$2,849,301
2023	$7,771,459	$8,166,418	$22,963,341	$-394,959
2022	$7,034,852	$7,001,973	$23,793,367	$32,879
2021	$7,004,107	$6,331,442	$24,541,515	$672,665
2020	$6,396,916	$5,780,345	$24,941,875	$616,571
2019	$6,646,927	$6,429,621	$25,117,616	$217,306
2018	$6,040,562	$6,654,955	$26,136,446	$-614,393

CHESTERFIELD COUNTY RURAL WATER COMPANY INC