WRP INC (EIN 593405130) - 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

1996

Legal Domicile

Principal Officer

MONICA WALLIS

Phone

8508376146

Tax Period

2024-10-01 to 2025-09-30

WRP INC, founded in 1996, is a small nonprofit in the Mutual Benefit sector that reported $276K in total revenue in fiscal year 2024. Expenses of $734K exceeded revenue, resulting in a 166% operating deficit.

Mission

THE ASSOCIATION'S SPECIFIC PURPOSES ARE, BUT NOT LIMITED TO, PROVIDING BASIC UTILITY SERVICES TO THE RESIDENTS OF SOUTH OKALOOSA COUNTY, FLORIDA AND SOUTH WALTON COUNTY, FLORIDA BY MANAGING, OPERATING AND MAINTAINING THEIR JOINTLY-OWNED REGIONAL WATER SUPPLY SYSTEM AND SUCH OTHER EQUIPMENT AND PROPERTY AS MAY BE NECESSARY TO PROVIDE WATER TO THE CORPORATION'S MEMBERS.

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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 $85,210

Program Service Revenue $0

Investment Income $174,226

Other Revenue $16,406

TOTAL REVENUE $275,842

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $733,902

TOTAL EXPENSES $733,902

Year-over-Year Comparison

	2024	2023	Change
Revenue	$275,842	$276,943	0.0%
Expenses	$733,902	$751,153	0.0%
Net Income	$-458,060	$-474,210	0.0%

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

$306,611

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM WEIDENHAMER	PRESIDENT	2.00	Officer Director	$0	$0	$0
JIMMIE NEILSON	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
DAVE BROWN	DIRECTOR	2.00	Officer Director	$0	$0	$0
DUSTIN TERRY	DIRECTOR	2.00	Officer Director	$0	$0	$0
MONICA WALLIS	GENERAL MANAGER DWU	2.00	Director	$0	$13,224	$148,699
JOE REAM	GENERAL MANAGER SWU	2.00	Director	$0	$11,697	$157,912

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	$275,842	$733,902	$21,730,080	$-458,060
2024	$276,943	$751,153	$22,895,976	$-474,210
2023	$294,303	$767,561	$24,061,011	$-473,258
2022	$291,237	$784,051	$25,206,434	$-492,814
2021	$327,755	$800,043	$26,355,410	$-472,288
2020	$343,869	$819,607	$27,468,039	$-475,738
2019	$318,274	$835,973	$28,567,455	$-517,699
2018	$349,349	$851,223	$29,944,551	$-501,874

WRP INC