CHESTERFIELD COUNTY RURAL WATER COMPANY INC

EIN: 570760336

CHESTERFIELD, SC

Total Revenue
$9,769,738
Total Expenses
$8,785,894
Total Assets
$26,040,371
Net Assets
$13,950,060
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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
SC
Principal Officer
JULIE F JOHNSON
Phone
8436236090
Tax Period
2025-01-01 to 2025-12-31

CHESTERFIELD COUNTY RURAL WATER COMPANY INC, founded in 1968, is a community nonprofit that reported $9.8M in total revenue in fiscal year 2025. Revenue decreased 13% compared to the prior year. Expenses of $8.8M left a modest 10% surplus.

Mission

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

Program Service Accomplishments

Program 1

PROVIDE WATER SERVICES TO MEMBERS AND CONSTRUCT NEW WATER LINES TO MEMBERS AND NONMEMBERS. THE ORGANIZATION HAS IN EXCESS OF 8,800 MEMBERS WITH GROWTH POTENTIAL DUE TO SIGNIFICANT DEMAND BUT LIMITED...

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PROVIDE WATER SERVICES TO MEMBERS AND CONSTRUCT NEW WATER LINES TO MEMBERS AND NONMEMBERS. THE ORGANIZATION HAS IN EXCESS OF 8,800 MEMBERS WITH GROWTH POTENTIAL DUE TO SIGNIFICANT DEMAND BUT LIMITED RESOURCES TO EXPAND OPERATIONS.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $302,995
Program Service Revenue $9,305,092
Investment Income $101,389
Other Revenue $60,262
TOTAL REVENUE $9,769,738

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,133,264
Fundraising Expenses $0
Other Expenses $6,652,630
TOTAL EXPENSES $8,785,894

Year-over-Year Comparison

2025 2024 Change
Revenue $9,769,738 $11,261,561 -0.1%
Expenses $8,785,894 $8,412,260 +0.0%
Net Income $983,844 $2,849,301 -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

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Governance

Voting Members
9
Independent Members
9
Employees
35
Volunteers
9

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
2
$275,619
Total Directors
9
$33,600
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE F JOHNSON GENERAL MANA 40.00
Officer
$146,258 $0 $146,258
GALE GRIGGS CONTROLLER 40.00
Officer
$129,361 $0 $129,361
LAWRENCE KING BOARD PRESID 4.00
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
2025 $9,769,738 $8,785,894 $26,040,371 $983,844
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
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