MARLBORO WATER COMPANY INC (EIN 570771623) - 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

GEORGE MCELVEEN

Phone

8434798988

Tax Period

2024-01-01 to 2024-12-31

MARLBORO WATER COMPANY INC, founded in 1972, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE WATER TO RURAL AREAS OF MARLBORO COUNTY.

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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 $1,296,500

Investment Income $50,516

Other Revenue $0

TOTAL REVENUE $1,347,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $446,898

Fundraising Expenses $0

Other Expenses $1,195,383

TOTAL EXPENSES $1,642,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,347,016	$1,589,558	-0.2%
Expenses	$1,642,281	$1,681,358	0.0%
Net Income	$-295,265	$-91,800	+2.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS JOHNSON	BOARD MEMBER	N/A	Director	$0	$0	$0
RUSTY PARRISH	BOARD MEMBER	N/A	Director	$0	$0	$0
JAMES ROLLER	BOARD MEMBER	N/A	Director	$0	$0	$0
JAMES SANDERS	BOARD MEMBER	N/A	Director	$0	$0	$0
WILLIE WILLIAMS	BOARD MEMBER	N/A	Director	$0	$0	$0
GROVER MCQUEEN JR	TREASURER	N/A	Officer	$0	$0	$0
GEORGE MCELVEEN	PRESIDENT	N/A	Officer	$0	$0	$0
KAYE WOODBERRY	SECRETARY	N/A	Officer	$0	$0	$0
JOHN YOUNG	VICE PRESIDE	N/A	Officer	$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	$1,347,016	$1,642,281	$10,427,861	$-295,265
2023	$1,589,558	$1,681,358	$10,934,253	$-91,800
2022	$1,762,567	$1,741,102	$11,240,325	$21,465
2021	$1,720,286	$1,616,148	$11,423,732	$104,138
2020	$1,494,649	$1,625,251	$11,603,328	$-130,602
2019	$1,559,952	$1,673,239	$11,855,522	$-113,287
2018	$1,508,098	$1,607,984	$12,174,517	$-99,886

MARLBORO WATER COMPANY INC