ST JOHNS RIVER UTILITY INC (EIN 591412008) - 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

1968

Legal Domicile

Principal Officer

STEPHEN PLUMMER

Phone

3527592260

Tax Period

2023-01-01 to 2023-12-31

ST JOHNS RIVER UTILITY INC, founded in 1968, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $943K, a strong 32% operating margin.

Mission

NON-PROFIT WATER AND SEWER SERICE ASSOCATION 501(C)(12). PROVIDE WATER AND SEWER SERVICES TO MEMBERS OF THE ASSOCIATION.

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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 $1,152,048

Program Service Revenue $134,618

Investment Income $11,428

Other Revenue $1,684,238

TOTAL REVENUE $2,982,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $808,557

Fundraising Expenses $0

Program Expenses $1,813,701

Other Expenses $1,230,914

TOTAL EXPENSES $2,039,471

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,982,332	$1,581,764	+0.9%
Expenses	$2,039,471	$1,872,036	+0.1%
Net Income	$942,861	$-290,272	-4.2%

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

$1,600

Total Directors

$2,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN PLUMMER	PRESIDENT	2	Officer Director	$0	$550	$550
JOHNNY HUTCHINSON	VICE PRESIDENT	2	Officer Director	$0	$550	$550
WALTER BUCKLEY	DIRECTOR	2	Director	$0	$550	$550
RICHARD TAYLOR	DIRECTOR	2	Director	$0	$550	$550
KIM BLAIR	SECRETARY/TREASURER	2	Officer Director	$0	$500	$500

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	$2,982,332	$2,039,471	$13,871,911	$942,861
2022	$1,581,764	$1,872,036	$13,058,283	$-290,272
2021	$1,528,678	$1,765,955	$13,483,540	$-237,277
2020	$1,505,962	$1,705,000	$13,857,933	$-199,038

ST JOHNS RIVER UTILITY INC