STERRETT-VANDIVER WATER SYSTEM INC

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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

1970

Legal Domicile

Phone

2056723396

Tax Period

2025-01-01 to 2025-12-31

STERRETT-VANDIVER WATER SYSTEM INC, founded in 1970, is a community nonprofit in the Mutual Benefit sector that reported $1.5M in total revenue in fiscal year 2025. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $582K, a strong 39% operating margin.

Mission

THE ORGANIZATION WAS FORMED TO CONSTRUCT AND OPERATE A WATER SYSTEM FOR THE STERRETT-VANDIVER COMMUNITY AND A PORTION OF THE SURROUNDING AREAS.

Program Service Accomplishments

Program 1

Expenses: $751,336 Revenue: $1,475,530

THE ORGANIZATION WAS FORMED TO CONSTRUCT AND OPERATE A WATER SYSTEM FOR THE STERRETT-VANDIVER COMMUNITY AND A PORTION OF THE SURROUNDING AREAS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $678,857

Program Service Revenue $680,800

Investment Income $17,718

Other Revenue $98,154

TOTAL REVENUE $1,475,529

Expense Breakdown

Grants Paid $0

Salaries & Benefits $215,239

Fundraising Expenses $0

Program Expenses $751,336

Other Expenses $678,608

TOTAL EXPENSES $893,847

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,475,529	$763,161	+0.9%
Expenses	$893,847	$767,071	+0.2%
Net Income	$581,682	$-3,910	-149.8%

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
MARY ROENSCH	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
DANNY STONE	DIRECTOR	0.00	Director	$0	$0	$0
DEVIN WELDON	PRESIDENT	0.00	Officer Director	$0	$0	$0
BARRY BRASHER	DIRECTOR	0.00	Director	$0	$0	$0
MIKE CLINKSCALES	DIRECTOR	0.00	Director	$0	$0	$0
MELANIE GOODWIN	SECRETARYTREASURER	30.00	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	$1,475,529	$893,847	$2,947,306	$581,682
2024	No data	No data	No data	No data
2023	$733,806	$699,506	$2,377,846	$34,300
2022	$716,706	$666,092	$2,343,775	$50,614
2021	$647,054	$599,144	$2,302,445	$47,910
2020	$687,902	$626,699	$2,258,080	$61,203
2019	$677,981	$636,623	$2,205,707	$41,358
2018	$707,907	$649,061	$2,189,571	$58,846