TRI COMMUNITY WATER SYSTEM

EIN: 630464018

MILLBROOK, AL

Total Revenue
$1,406,941
Total Expenses
$1,496,058
Total Assets
$3,708,779
Net Assets
$3,399,245
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
AL
Principal Officer
MS NORMA CASSIDY
Phone
3342854267
Tax Period
2022-01-01 to 2022-12-31

TRI COMMUNITY WATER SYSTEM, founded in 1962, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2020. Expenses of $1.5M exceeded revenue, resulting in a 16% operating deficit.

Mission

PROVIDING RURAL WATER SERVICE TO THE GENERAL PUBLIC OF APPROXIMATELY 3800 RESIDENTS AND COMMERICAL ACCOUNTS.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,406,941
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,406,941

Expense Breakdown

Grants Paid $0
Salaries & Benefits $496,442
Fundraising Expenses $0
Other Expenses $999,616
TOTAL EXPENSES $1,496,058

Year-over-Year Comparison

2022 2021 Change
Revenue $1,406,941 $1,145,564 +0.2%
Expenses $1,496,058 $1,404,425 +0.1%
Net Income $-89,117 $-258,861 -0.7%
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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Governance

Voting Members
5
Independent Members
5
Employees
6
Volunteers
25

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
0
$0
Total Directors
2
$7,200
Key Employees
2
$133,687
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH CHAMPION SUPERINTENDENT 40.00
Key Emp
$76,147 $0 $76,147
NORMA CASSIDY CONTROLLER 40.00
Key Emp Highest
$57,540 $0 $57,540
DWIGHT CAUTHEN VICE PRESIDENT 5.00
Director
$2,400 $0 $2,400
CINDY THOMPSON PRESIDENT 5.00
Director Highest
$4,800 $0 $4,800
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
2022 $1,406,941 $1,496,058 $3,708,779 $-89,117
2021 $1,145,564 $1,404,425 $3,821,072 $-258,861
2020 $1,266,758 $1,466,270 $4,214,714 $-199,512
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