RAMER WATER COMPANY 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

RICKY ARMSTEAD

Phone

3345623333

Tax Period

2025-01-01 to 2025-12-31

RAMER WATER COMPANY INC, founded in 1963, is a small nonprofit that reported $212K in total revenue in fiscal year 2025.

Mission

TO PROVIDE WATER SERVICE TO THE RURAL AREA OF RAMER, ALABAMA.

Program Service Accomplishments

Program 1

Expenses: $223,808 Revenue: $199,329

WATER SERVICE IS PROVIDED TO ITS COOPERATIVE MEMBERS IN THE RURAL AREA OF RAMER, ALABAMA. APPROXIMATELY 468 MEMBERS ARE SERVED IN RAMER AND SURROUNDING AREAS. ALL EXPENSES ARE INCURRED IN THE...

WATER SERVICE IS PROVIDED TO ITS COOPERATIVE MEMBERS IN THE RURAL AREA OF RAMER, ALABAMA. APPROXIMATELY 468 MEMBERS ARE SERVED IN RAMER AND SURROUNDING AREAS. ALL EXPENSES ARE INCURRED IN THE OPERATION AND MAINTENANCE OF THE WATER SYSTEM.

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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 $0

Program Service Revenue $199,329

Investment Income $12,751

Other Revenue $180

TOTAL REVENUE $212,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,230

Fundraising Expenses $0

Program Expenses $223,808

Other Expenses $182,578

TOTAL EXPENSES $223,808

Year-over-Year Comparison

	2025	2024	Change
Revenue	$212,260	$218,896	0.0%
Expenses	$223,808	$224,224	0.0%
Net Income	$-11,548	$-5,328	+1.2%

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
RICKY ARMSTEAD	BOARD PRESID	0.50	Officer	$0	$0	$0
CHARLES WIGGINS	VICE PRESIDE	0.50	Officer	$0	$0	$0
EARL RUSSELL	SECRETARY/TR	0.50	Officer	$0	$0	$0
EDDIE RUSSELL	MEMBER	0.20	Officer	$0	$0	$0
JIMMY GRANT	MEMBER	0.20	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	$212,260	$223,808	$1,037,518	$-11,548
2024	$218,896	$224,224	$1,080,757	$-5,328
2023	$195,575	$228,145	$1,113,759	$-32,570
2022	$174,775	$210,710	$1,217,614	$-35,935
2021	$169,779	$224,403	$1,323,703	$-54,624
2020	$170,293	$168,406	$1,200,443	$1,887
2019	$207,922	$167,137	$1,210,488	$40,785
2018	$158,396	$164,658	$1,181,211	$-6,262