Alligator Rural Water Co Inc (EIN 570878765) - 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

1987

Legal Domicile

Principal Officer

Wade Huggins

Phone

8433356464

Tax Period

2022-01-01 to 2022-12-31

Alligator Rural Water Co Inc, founded in 1987, is a community nonprofit in the Religion sector that reported $4.4M in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $6.1M exceeded revenue, resulting in a 38% operating deficit.

Mission

Water Distribution and Sewer Service

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,392,960

Investment Income $14,324

Other Revenue $1,000

TOTAL REVENUE $4,408,284

Expense Breakdown

Grants Paid $0

Salaries & Benefits $860,677

Fundraising Expenses $0

Other Expenses $5,232,951

TOTAL EXPENSES $6,093,628

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,408,284	$4,049,500	+0.1%
Expenses	$6,093,628	$5,875,165	+0.0%
Net Income	$-1,685,344	$-1,825,665	-0.1%

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

N/A

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

$2,150

Total Directors

$1,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Willie Mae Rowry	Treasurer	5.00	Officer	$550	$0	$550
Wade H Huggins	President	5.00	Officer	$550	$0	$550
Odis Hawkins	Vice President	5.00	Officer	$500	$0	$500
Frankie Joyner	Board Member	5.00	Director	$400	$0	$400
Harold Sniper	Board Member	5.00	Director	$450	$0	$450
Sherry Knight	Board Member	5.00	Director	$550	$0	$550
Richard Catoe	Secretary	5.00	Officer	$550	$0	$550

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	No data	No data	No data	No data
2022	$4,408,284	$6,093,628	$40,689,373	$-1,685,344
2021	$4,049,500	$5,875,165	$41,432,753	$-1,825,665
2020	$4,009,199	$5,458,622	$43,256,835	$-1,449,423
2019	$4,086,436	$5,111,470	$44,637,906	$-1,025,034
2018	$4,176,422	$4,959,365	$44,829,948	$-782,943

Alligator Rural Water Co Inc