BUCKSPORT WATER SYSTEM INC (EIN 570809787) - 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

EDWARD ANDERSON

Phone

8432483195

Tax Period

2024-01-01 to 2024-12-31

BUCKSPORT WATER SYSTEM INC, founded in 1968, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $6.0M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.7M, a strong 46% operating margin.

Mission

PROVIDE PUBLIC WATER TO MEMBERS

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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 $3,812,665

Investment Income $225,650

Other Revenue $1,976,171

TOTAL REVENUE $6,014,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $979,596

Fundraising Expenses $0

Program Expenses $2,555,908

Other Expenses $2,290,007

TOTAL EXPENSES $3,269,603

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,014,486	$5,094,357	+0.2%
Expenses	$3,269,603	$2,820,855	+0.2%
Net Income	$2,744,883	$2,273,502	+0.2%

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

$102,385

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY C PROCTOR	MANAGER	40.00	Key Emp	$102,385	$0	$102,385
EDWARD ANDERSON	TREASURER	3.00	Officer	$0	$0	$0
RICKY TINSDALL	SECRETARY	1.00	Officer	$0	$0	$0
STEVEN EDGE	PRESIDENT	1.00	Officer	$0	$0	$0
MARK SINGLETON	VICE PRESIDENT	1.00	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	$6,014,486	$3,269,603	$24,165,319	$2,744,883
2023	$5,094,357	$2,820,855	$21,831,503	$2,273,502
2022	$4,245,396	$2,439,135	$19,321,017	$1,806,261
2021	$3,096,455	$2,347,884	$17,896,855	$748,571
2020	$2,903,605	$2,126,649	$14,939,886	$776,956
2019	$2,398,254	$2,027,399	$11,418,124	$370,855
2018	$2,028,684	$1,806,769	$11,163,494	$221,915

BUCKSPORT WATER SYSTEM INC