BUTLER COUNTY WATER SYSTEM INC (EIN 610669228) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

Jacob Cuarta

Phone

2708420052

Tax Period

2024-01-01 to 2024-12-31

BUTLER COUNTY WATER SYSTEM INC, founded in 1971, is a community nonprofit in the Public & Societal Benefit sector that reported $2.6M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Net assets of $17.2M represent 78 months of operating reserves.

Mission

The Butler County Water System Inc. Utility is a water association organized under Kentucky Revised Statute 273 and is under the authority of the Public Service Commission of Kentucky. The Utility provides a public water system primarily to citizens of Butler County Kentucky.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $147,021

Program Service Revenue $2,398,458

Investment Income $102,393

Other Revenue $0

TOTAL REVENUE $2,647,872

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $19,377

Fundraising Expenses $0

Program Expenses $2,855,118

Other Expenses $2,833,741

TOTAL EXPENSES $2,855,118

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,647,872	$2,789,677	-0.1%
Expenses	$2,855,118	$2,612,347	+0.1%
Net Income	$-207,246	$177,330	-2.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$10,800

Total Directors

$18,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Weymouth Martin	President	1.00	Officer Director	$3,600	$0	$3,600
Danny Farris	Vice President	1.00	Officer Director	$3,600	$0	$3,600
Garry Robbins	Secretary-Treasurer	1.00	Officer Director	$3,600	$0	$3,600
Carl Daugherty	Director	1.00	Director	$3,600	$0	$3,600
William Wells	Director	1.00	Director	$3,600	$0	$3,600
Jacob Cuarta	General Manager	5.00	Officer	$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	No data	No data	No data	No data
2024	$2,647,872	$2,855,118	$21,556,610	$-207,246
2023	$2,789,677	$2,612,347	$22,025,749	$177,330
2022	$2,314,728	$2,968,510	$22,052,539	$-653,782
2021	$2,275,580	$2,161,946	$22,939,346	$113,634
2020	$2,366,270	$2,046,935	$23,012,700	$319,335

BUTLER COUNTY WATER SYSTEM INC