BROWNS CREEK WATER CO INC (EIN 570819589) - 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

1969

Legal Domicile

Principal Officer

WILLIAM TEASTER

Phone

8644249820

Tax Period

2023-01-01 to 2023-12-31

BROWNS CREEK WATER CO INC, founded in 1969, is a small nonprofit in the Public & Societal Benefit sector that reported $434K in total revenue in fiscal year 2023. Net assets of $1.5M represent 40 months of operating reserves.

Mission

AT BROWNS CREEK WATER CO., INC. WE ARE COMMITTED TO PROVIDING SAFE, HIGH QUALITY WATER TO OUR COMMUNITY, WHILE MAINTAINING A STANDARD OF EXCELLENCE IN CUSTOMER SERVICE AND ENVIRONMENTAL CONSERVATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,900

Investment Income $207

Other Revenue $423,287

TOTAL REVENUE $434,394

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,966

Fundraising Expenses $0

Other Expenses $326,586

TOTAL EXPENSES $463,552

Year-over-Year Comparison

	2023	2022	Change
Revenue	$434,394	$453,200	0.0%
Expenses	$463,552	$475,418	0.0%
Net Income	$-29,158	$-22,218	+0.3%

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

$116,900

Total Directors

$116,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM TEASTER	DIR - OPERAT	40.00	Officer Director	$53,798	$4,842	$58,640
JANICE A WINSTEAD	SECRETARY/TR	40.00	Officer Director	$36,757	$3,309	$40,066
JIMMY TEASTER	FIELD MANAGE	20.00	Officer Director	$16,578	$1,616	$18,194
TERRY BENTLEY	DIRECTOR	N/A	Director	$0	$0	$0
JAY BURR	DIRECTOR	N/A	Director	$0	$0	$0
JIMMY CARTER	CHAIRMAN	N/A	Officer Director	$0	$0	$0
DUANE FRANKLIN	DIRECTOR	N/A	Director	$0	$0	$0
TONY NEAL	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT PALMER	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
JAMISON TAYLOR	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$434,394	$463,552	$2,234,140	$-29,158
2022	$453,200	$475,418	$2,269,033	$-22,218
2021	$441,491	$479,472	$2,305,410	$-37,981
2020	$365,962	$518,710	$2,355,474	$-152,748
2019	$997,847	$427,633	$2,526,492	$570,214
2018	$328,487	$349,858	$2,021,993	$-21,371

BROWNS CREEK WATER CO INC