TRI COMMUNITY WATER SYSTEM

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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

1962

Legal Domicile

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 $1.4M in total revenue in fiscal year 2022. Revenue surged 23% from the prior year, signaling strong growth momentum. Net assets of $3.4M represent 29 months of operating reserves.

Mission

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

Program Service Accomplishments

Program 1

THE ORGANIZATION PROVIDES WATER SERVICE TO OVER 3800 MEMBERS IN THE MILLBROOK, AL AREA. ADDITIONALLY, THE AGENCY PURCHASES NEEDED WATER SUPPLIES FROM THE LOCAL COUNTY AREA IN ORDER TO RESALE TO IT'S...

Program 2

THE ACCOUNT CLASSIFICATION RELATES TO THE SALARIES TO THE STAFF IN ORDER TO MAINTAIN THE EQUIPMENT AND PROVIDE ADMINSTRATIVE SERVICES OF BILLING RECORDS.

Program 3

THIS ACCOUNT CLASSIFICATION RELATES TO DEPRECIATION EXPENSE OF THE EQUIPMENT CURRENTLY IN SERVICE.

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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 (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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$7,200

Key Employees

$133,687

Highest Compensated

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