STERRETT-VANDIVER WATER SYSTEM INC (EIN 621370148) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

STERRETT-VANDIVER WATER SYSTEM INC, founded in 1970, is a small nonprofit in the Mutual Benefit sector that reported $708K in total revenue in fiscal year 2018. Expenses of $649K left a modest 8% surplus.

Mission

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 & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $670,449

Investment Income $9,551

Other Revenue $53,806

TOTAL REVENUE $733,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,542

Fundraising Expenses $0

Program Expenses $571,446

Other Expenses $488,964

TOTAL EXPENSES $699,506

Year-over-Year Comparison

	2023	2022	Change
Revenue	$733,806	$716,706	+0.0%
Expenses	$699,506	$666,092	+0.1%
Net Income	$34,300	$50,614	-0.3%

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
DEVIN WELDON	DIRECTOR	0.00	Director	$0	$0	$0
BARRY BRASHER	DIRECTOR	0.00	Director	$0	$0	$0
DANNY STONE	DIRECTOR	0.00	Director	$0	$0	$0
MIKE CLINKSCALES	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
MARY F ROENSCH	PRESIDENT	0.00	Officer 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
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

STERRETT-VANDIVER WATER SYSTEM INC