URIAH 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

1963

Legal Domicile

Principal Officer

BIB MIMS

Phone

2518622554

Tax Period

2024-01-01 to 2024-12-31

URIAH WATER SYSTEM INC, founded in 1963, is a small nonprofit that reported $903K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $232K, a strong 26% operating margin.

Mission

NON-PROFIT RURAL WATER UTILITY ORG. (COOP) WITH ITS ADMIN OFFICE LOCATED IN URIAH AL. THIS ENTITY PROVIDES WATER SERVICE TO 1,200 CUSTOMERS IN SOUTH MONROE COUNTY AL.

Program Service Accomplishments

Program 1

RURAL WATER UTILITY TO CUSTOMERS LOCATED IN SOUTHERN MONROE COUNTY AL (WATER SALES, WATER SERVICE, CONNECTION FEES, WATER CUSTOMERS, LATE FEES, AND OTHER PROGRAM SERVICE REVENUE).

Program 2

INTEREST INCOME EARNED ON VARIOUS BANK DEPOSIT ACCOUNTS IN THE NORMAL COURSE OF THE ENTITYS BUSINESS OPERATIONS.

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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 $224,550

Program Service Revenue $678,654

Investment Income $117

Other Revenue $0

TOTAL REVENUE $903,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,024

Fundraising Expenses $0

Other Expenses $564,726

TOTAL EXPENSES $671,750

Year-over-Year Comparison

	2024	2023	Change
Revenue	$903,321	$687,189	+0.3%
Expenses	$671,750	$613,468	+0.1%
Net Income	$231,571	$73,721	+2.1%

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

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
FRED BRAKE	PRESIDENT	10.00	Officer	$0	$0	$0
KAREN FRYE	VP	1.00	Officer	$0	$0	$0
WILLIAM TURKE	SEC	1.00	Officer	$0	$0	$0
RICK BALDWIN	TREAS.	1.00	Officer	$0	$0	$0
LARRY BROOKS	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	$903,321	$671,750	$3,624,640	$231,571
2023	$687,189	$613,468	$3,380,648	$73,721
2022	$648,873	$581,255	$3,375,729	$67,618
2021	$623,699	$548,824	$3,341,118	$74,875
2020	$559,622	$421,890	$3,465,498	$137,732