Keowee Key Utility Systems Inc

EIN: 570980098

SALEM, SC

Total Revenue
$2,219,772
Total Expenses
$2,044,548
Total Assets
$9,458,765
Net Assets
$5,740,867
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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
SC
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

PROVIDE WATER AND SEWER SERVICE 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%)

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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

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Governance

Voting Members
3
Independent Members
3
Employees
11
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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