EAST MILTON WATER SYSTEM INC (EIN 591280677) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

DAVID PHILLIPS

Phone

8506238750

Tax Period

2024-01-01 to 2024-12-31

EAST MILTON WATER SYSTEM INC, founded in 1967, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 49% operating margin.

Mission

PROVIDE WATER FOR RURAL AREA OF EAST MILTON, FLORIDA

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,382,942

Investment Income $386,197

Other Revenue $7,482

TOTAL REVENUE $4,776,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,023,146

Fundraising Expenses $0

Program Expenses $2,071,977

Other Expenses $1,432,849

TOTAL EXPENSES $2,455,995

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,776,621	$3,578,012	+0.3%
Expenses	$2,455,995	$2,165,076	+0.1%
Net Income	$2,320,626	$1,412,936	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
J RANDY ALLEN	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD E BROCK	DIRECTOR	N/A	Director	$0	$0	$0
MC CLEO HEATH	DIRECTOR	2.00	Director	$0	$0	$0
RANDY POLK	DIRECTOR	N/A	Director	$0	$0	$0
MITCHEL RILEY	DIRECTOR	N/A	Director	$0	$0	$0
BO SLAY	DIRECTOR	N/A	Director	$0	$0	$0
LONNIE JOINER	VICE-PRESIDE	1.00	Officer	$0	$0	$0
DAVID PHILLIPS	PRESIDENT	2.00	Officer	$0	$0	$0
JAMES L WHITE	SECRETARY/TR	N/A	Officer	$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
2025	No data	No data	No data	No data
2024	$4,776,621	$2,455,995	$19,721,557	$2,320,626
2023	$3,578,012	$2,165,076	$17,307,567	$1,412,936
2022	$2,795,791	$1,893,504	$15,838,757	$902,287
2021	$2,614,516	$1,726,003	$14,907,420	$888,513
2020	$2,560,376	$1,556,485	$13,989,425	$1,003,891
2019	$2,182,759	$1,496,074	$12,980,364	$686,685
2018	$1,932,280	$1,481,909	$12,251,915	$450,371

EAST MILTON WATER SYSTEM INC