AUBURN WATER SYSTEM INC (EIN 591368568) - 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

1969

Legal Domicile

Principal Officer

BRENDA SMITH

Phone

8506823413

Tax Period

2024-07-01 to 2025-06-30

AUBURN WATER SYSTEM INC, founded in 1969, is a community nonprofit that reported $8.9M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.2M, a strong 36% operating margin.

Mission

TO PROVIDE AN ADEQUATE SUPPLY OF POTABLE WATER TO OUR CUSTOMERS AT REASONABLE RATES SUFFICIENT TO COVER THE CONTINUING OPERATIONS AND UPGRADES OF THE WATER SYSTEM. TO PROVIDE EXEMPLARY SERVICE TO OUR CUSTOMERS. TO TREAT EMPLOYEES AND CUSTOMERS WITH INTEGRIGY, RESPECT AND COURTESY. TO COMPLY WITH ALL REGULATORY RULES AND STANDARDS. TO STRIVE TO MAKE AUBURN WATER SYSTEM THE HIGHEST RATED WATER SYSTEM IN FLORIDA.

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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 $1,311,960

Program Service Revenue $5,969,722

Investment Income $349,613

Other Revenue $1,285,094

TOTAL REVENUE $8,916,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,185,193

Fundraising Expenses $0

Other Expenses $2,503,680

TOTAL EXPENSES $5,688,873

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,916,389	$7,610,981	+0.2%
Expenses	$5,688,873	$5,175,365	+0.1%
Net Income	$3,227,516	$2,435,616	+0.3%

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

$29,912

Total Directors

$59,536

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE KEARLEY	PRESIDENT	2.00	Officer Director	$12,724	$0	$12,724
BRENDA SMITH	VICE PRESIDENT	2.00	Officer Director	$8,594	$0	$8,594
TIMOTHY BRYANT	SECRETARY	2.00	Officer Director	$8,594	$0	$8,594
MARY RANKIN	DIRECTOR	2.00	Director	$8,167	$0	$8,167
AUBREY SIMS	DIRECTOR	2.00	Director	$7,105	$0	$7,105
STEVE H FOWLER	DIRECTOR	2.00	Director	$5,500	$0	$5,500
DARREN MARSHALL	DIRECTOR	2.00	Director	$7,219	$0	$7,219
LUCY SMITH	DIRECTOR	2.00	Director	$633	$0	$633
PAUL MARTIN	DIRECTOR	2.00	Director	$1,000	$0	$1,000
MICHAEL KAPOTSY	GENERAL MANAGER	40.00	Highest	$154,380	$0	$154,380
RICHARD LAUX	OPERATIONS & MAINTENANCE M	40.00	Highest	$115,741	$0	$115,741
JULIE HOOKS	FINANCE MANAGER	40.00	Highest	$110,994	$0	$110,994

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	$8,916,389	$5,688,873	$31,469,645	$3,227,516
2024	$7,610,981	$5,175,365	$27,717,987	$2,435,616
2023	$7,069,979	$4,468,043	$25,260,806	$2,601,936
2022	$6,295,559	$3,866,921	$22,363,702	$2,428,638
2021	$5,466,387	$3,461,580	$20,028,267	$2,004,807
2020	$4,821,278	$3,381,174	$18,989,100	$1,440,104
2019	$3,910,607	$3,185,028	$18,648,013	$725,579
2018	$3,788,003	$3,102,910	$18,028,494	$685,093

AUBURN WATER SYSTEM INC