FAIRPOINT REGIONAL UTILITY SYSTEM INC (EIN 593602680) - 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

1999

Legal Domicile

Principal Officer

JOHN L GRANT

Phone

8509392427

Tax Period

2023-01-01 to 2023-12-31

FAIRPOINT REGIONAL UTILITY SYSTEM INC, founded in 1999, is a community nonprofit in the Mutual Benefit sector that reported $3.9M in total revenue in fiscal year 2023. The organization ran a surplus of $1.6M, a strong 41% operating margin.

Mission

FAIRPOINT REGIONAL UTILITY SYSTEM, INC. PROVIDES WATER SERVICE FOR UTILITY CUSTOMERS IN THE SOUTH SANTA ROSA COUNTY AREA.

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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 $0

Program Service Revenue $3,746,862

Investment Income $133,026

Other Revenue $0

TOTAL REVENUE $3,879,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,305,244

TOTAL EXPENSES $2,305,244

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,879,888	$3,836,568	+0.0%
Expenses	$2,305,244	$2,178,998	+0.1%
Net Income	$1,574,644	$1,657,570	-0.1%

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
JOHN L GRANT	PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM NAILE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DAVID CRUMBLEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
AL GARZA	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA AGRICOLA	DIRECTOR	1.00	Director	$0	$0	$0
SAMANTHA ABELL	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MATTHEWS	DIRECTOR	1.00	Director	$0	$0	$0
DARYL LYNCHARD	DIRECTOR	1.00	Director	$0	$0	$0
MARK MILLER	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$3,879,888	$2,305,244	$23,087,653	$1,574,644
2022	$3,836,568	$2,178,998	$22,706,526	$1,657,570
2021	$3,692,461	$1,950,720	$22,276,497	$1,741,741
2020	$3,639,846	$1,799,982	$21,872,798	$1,839,864
2019	$3,458,314	$1,825,907	$19,455,712	$1,632,407
2018	$3,246,759	$1,753,597	$19,173,183	$1,493,162

FAIRPOINT REGIONAL UTILITY SYSTEM INC