SOUTH WALTON UTILITY COMPANY INC (EIN 591673712) - 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

JOSEPH REAM

Phone

8508372988

Tax Period

2024-10-01 to 2025-09-30

SOUTH WALTON UTILITY COMPANY INC, founded in 1968, is a mid-sized nonprofit that reported $17.7M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $5.3M, a strong 30% operating margin.

Mission

FROM WATER TO WASTEWATER, OUR MISSION IS TO PROVIDE OUR MEMBERS QUALITY AND RELIABLE SERVICE IN A RESPONSIVE AND EQUITABLE MANNER.

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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 $3,516,868

Program Service Revenue $13,114,157

Investment Income $1,188,112

Other Revenue $-156,683

TOTAL REVENUE $17,662,454

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,485,631

Fundraising Expenses $0

Other Expenses $7,834,642

TOTAL EXPENSES $12,320,273

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,662,454	$15,834,805	+0.1%
Expenses	$12,320,273	$11,818,458	+0.0%
Net Income	$5,342,181	$4,016,347	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE BROWN	PRESIDENT	2.00	Officer Director	$0	$0	$0
STEPHEN D DIXON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TODD KLEPPINGER	SECRETARY	2.00	Officer Director	$0	$0	$0
DEWAYNE YOUNGBLOOD	TREASURER	2.00	Officer Director	$0	$0	$0
DUSTIN K TERRY	DIRECTOR	2.00	Director	$0	$0	$0
DAVID SMITH	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN KENNEDY	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH REAM	GENERAL MANAGER	40.00	Highest	$146,215	$11,697	$157,912
RICHARD SCHWARTZ	PROJECT AND MAINTENANCE MA	40.00	Highest	$130,932	$10,474	$141,406
ROBERT A STYGAR	OFFICE MANAGER	40.00	Highest	$108,602	$8,688	$117,290
BENJAMIN KEEN	OPERATIONS MANAGER	40.00	Highest	$107,693	$8,615	$116,308
ALICIA KEETER	FORMER GENERAL MANAGER	40.00		$114,480	$2,160	$116,640

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	$17,662,454	$12,320,273	$86,161,234	$5,342,181
2024	$15,834,805	$11,818,458	$82,232,364	$4,016,347
2023	$12,909,445	$10,841,996	$79,481,630	$2,067,449
2022	$13,421,179	$10,528,424	$78,757,727	$2,892,755
2021	$12,379,659	$10,049,991	$77,529,965	$2,329,668
2020	$11,336,179	$9,651,466	$77,107,233	$1,684,713
2019	$11,468,880	$9,806,466	$76,694,210	$1,662,414
2018	$10,558,068	$8,141,674	$76,527,790	$2,416,394

SOUTH WALTON UTILITY COMPANY INC