KNIGHT ISLAND UTILITIES INC (EIN 592732393) - 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

1981

Legal Domicile

Principal Officer

ADAM BECKSTEAD

Phone

9416972339

Tax Period

2024-07-01 to 2025-06-30

KNIGHT ISLAND UTILITIES INC, founded in 1981, is a small nonprofit that reported $479K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $570K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE WATER AND SEWER UTILITY SERVICES TO RESIDENTS OF KNIGHT ISLAND, 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 $0

Program Service Revenue $478,833

Investment Income $337

Other Revenue $0

TOTAL REVENUE $479,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $569,642

Other Expenses $569,642

TOTAL EXPENSES $569,642

Year-over-Year Comparison

	2024	2023	Change
Revenue	$479,170	$572,596	-0.2%
Expenses	$569,642	$582,559	0.0%
Net Income	$-90,472	$-9,963	+8.1%

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

N/A

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
ADAM BECKSTEAD	PRESIDENT	N/A	Officer Director	$0	$0	$0
RONALD A HARRIS	DIRECTOR	N/A	Director	$0	$0	$0
JEFFERY JACOBSON	VICE PRESIDE	N/A	Officer Director	$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	$479,170	$569,642	$569,679	$-90,472
2024	$572,596	$582,559	$672,013	$-9,963
2023	$512,910	$487,689	$666,927	$25,221
2022	$533,844	$551,543	$610,134	$-17,699
2021	$517,703	$487,520	$654,807	$30,183
2020	$513,012	$410,086	$603,162	$102,926
2019	$495,006	$432,303	$499,907	$62,703

KNIGHT ISLAND UTILITIES INC