SPANISH FORT WATER SYSTEM INC (EIN 630519593) - 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

1972

Legal Domicile

Principal Officer

ROBBINS FLYNN

Phone

2516263067

Tax Period

2025-01-01 to 2025-12-31

SPANISH FORT WATER SYSTEM INC, founded in 1972, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2018. Expenses of $2.2M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PROVIDE WATER SERVICE TO THE SPANISH FORT AREA OF BALDWIN COUNTY, ALABAMA

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,195,211

Investment Income $108,656

Other Revenue $14,093

TOTAL REVENUE $3,317,960

Expense Breakdown

Grants Paid $3,788

Salaries & Benefits $612,300

Fundraising Expenses $0

Program Expenses $3,629,962

Other Expenses $3,013,874

TOTAL EXPENSES $3,629,962

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,317,960	$3,166,171	+0.0%
Expenses	$3,629,962	$3,626,593	+0.0%
Net Income	$-312,002	$-460,422	-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

N/A

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

$17,000

Total Directors

$21,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK ROBBINS FLYNN	PRESIDENT	4.00	Officer Director	$8,000	$0	$8,000
ROBERT ROBBINS	VICE PRESIDENT	2.00	Officer Director	$4,500	$0	$4,500
BOYD PUGH	SECRETARY-TREASURER	1.00	Officer	$4,500	$0	$4,500
RICHARD BOUTIN	BOARD MEMBER	2.00	Director	$4,200	$0	$4,200
JIMMY ASHCRAFT	BOARD MEMBER	10.00	Director	$2,400	$0	$2,400
CHARLIE GANEY	BOARD MEMBER	2.00	Director	$2,100	$0	$2,100

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	$3,317,960	$3,629,962	$11,218,219	$-312,002
2024	$3,166,171	$3,626,593	$11,653,759	$-460,422
2023	$3,289,146	$3,245,093	$12,298,640	$44,053
2022	$3,057,885	$7,516,686	$12,435,062	$-4,458,801
2021	$3,206,001	$2,651,789	$14,425,616	$554,212
2020	$3,183,584	$2,784,157	$13,945,312	$399,427
2019	$2,212,633	$2,228,213	$13,442,941	$-15,580
2018	$1,984,735	$2,186,869	$13,633,149	$-202,134

SPANISH FORT WATER SYSTEM INC