Keowee Key Utility Systems Inc

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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

1993

Legal Domicile

Phone

8649440598

Tax Period

2023-01-01 to 2023-12-31

Keowee Key Utility Systems Inc, founded in 1993, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Expenses of $2.0M left a modest 8% surplus.

Mission

KKUS is a privately owned utility that provides dependable, cost effective water distribution, waste collection and treatment services to its members while ensuring the safety of all KKUS Team Members and proactively meeting or exceeding all environmental regulations.

Program Service Accomplishments

Program 1

Keowee Key Utility Systems, Inc. provides water and sewer services for approximately 1,600 members within the Keowee Key community. Employees are on call 24/7 to respond to water line breakages or...

Keowee Key Utility Systems, Inc. provides water and sewer services for approximately 1,600 members within the Keowee Key community. Employees are on call 24/7 to respond to water line breakages or sewer-related problems.

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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 $2,080,967

Investment Income $138,805

Other Revenue $0

TOTAL REVENUE $2,219,772

Expense Breakdown

Grants Paid $0

Salaries & Benefits $402,546

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,642,002

TOTAL EXPENSES $2,044,548

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,219,772	$2,249,986	0.0%
Expenses	$2,044,548	$2,084,023	0.0%
Net Income	$175,224	$165,963	+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

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
BARRY COLE	PRESIDENT	2.0	Officer Director	$0	$0	$0
RICHARD JOHNSON	SECRETARY/TREASURER	2.0	Officer Director	$0	$0	$0
TONY GODY	VP	2.0	Officer 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	$2,219,772	$2,044,548	$9,458,765	$175,224
2022	$2,249,986	$2,084,023	$9,425,976	$165,963
2021	$2,350,198	$2,044,748	$10,238,069	$305,450
2020	$2,295,476	$2,090,994	$10,581,177	$204,482
2019	$2,338,591	$2,182,841	$10,760,818	$155,750
2018	$2,335,597	$2,077,633	$10,825,417	$257,964