DESTIN WATER USERS 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

1963

Legal Domicile

Principal Officer

TOM WEIDENHAMER

Phone

8508376146

Tax Period

2024-01-01 to 2024-12-31

DESTIN WATER USERS INC, founded in 1963, is a mid-sized nonprofit that reported $20.2M in total revenue in fiscal year 2024. Expenses of $17.6M left a modest 13% surplus.

Mission

WE LIVE AND WORK IN A LITTLE PIECE OF PARADISE, AND DWU IS INTENT ON DOING OUR PART TO KEEP IT THAT WAY.

Program Service Accomplishments

Program 1

WATER AND SEWER OPERATIONS MEMBERS FURNISHED WITH WATER AND SEWER SERVICE - 19,647WATER, WASTE WATER AND RECLAIMED WATER PROGRAM RATES ARE LOWER BECAUSE OF EXEMPTION. THE EXEMPTION ALLOWS THE COMPANY TO KEEP INFRASTRUCTURE IN FIRST CLASS CONDITION, THEREBY IMPROVING SAFETY AND RELIABILITY.

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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 $441,355

Program Service Revenue $19,492,527

Investment Income $207,084

Other Revenue $26,613

TOTAL REVENUE $20,167,579

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,961,780

Fundraising Expenses $0

Other Expenses $11,615,688

TOTAL EXPENSES $17,577,468

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,167,579	$20,505,757	0.0%
Expenses	$17,577,468	$17,075,980	+0.0%
Net Income	$2,590,111	$3,429,777	-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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM WEIDENHAMER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JIMMY NEILSON	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM WOOD	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
SANDY TRAMMELL	DIRECTOR	1.00	Director	$0	$0	$0
AMES HUDSON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES FOREMAN	DIRECTOR	1.00	Director	$0	$0	$0
KEN WAMPLER	DIRECTOR	1.00	Director	$0	$0	$0
LOCKWOOD WERNET	GENERAL MANAGER	40.00	Highest	$160,540	$14,950	$175,490
MONICA WALLIS	OPERATIONS MANAGER	40.00	Highest	$135,475	$13,224	$148,699
RICHARD MARTIN	FIELD SERVICE MANAGER	40.00	Highest	$103,451	$2,785	$106,236
CHARLES RATHKE	FINANCE MANAGER	40.00	Highest	$103,088	$3,120	$106,208

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
2025	No data	No data	No data	No data
2024	$20,167,579	$17,577,468	$135,012,590	$2,590,111
2023	$20,505,757	$17,075,980	$133,734,994	$3,429,777
2022	$20,427,689	$15,854,578	$134,167,307	$4,573,111
2021	$20,467,236	$14,798,552	$116,857,681	$5,668,684
2020	$17,116,482	$14,438,476	$113,855,608	$2,678,006
2019	$19,067,927	$14,113,576	$111,390,370	$4,954,351
2018	$17,254,434	$13,377,262	$91,082,108	$3,877,172