COALING WATER AUTHORITY INC (EIN 630577868) - 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

1969

Legal Domicile

Principal Officer

JOHN W FOSTER

Phone

2055535361

Tax Period

2023-05-01 to 2024-04-30

COALING WATER AUTHORITY INC, founded in 1969, is a small nonprofit in the Public & Societal Benefit sector that reported $863K in total revenue in fiscal year 2018. Expenses of $798K left a modest 8% surplus.

Mission

THE ORGANIZATION'S PURPOSE IS TO SUPPLY WATER TO RURAL CUSTOMERS IN COALING, ALABAMA AND SURROUNDING AREAS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,262,259

Program Service Revenue $922,918

Investment Income $18,435

Other Revenue $2,472

TOTAL REVENUE $2,206,084

Expense Breakdown

Grants Paid $0

Salaries & Benefits $180,546

Fundraising Expenses $0

Program Expenses $815,644

Other Expenses $782,862

TOTAL EXPENSES $963,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,206,084	$928,730	+1.4%
Expenses	$963,408	$1,013,575	0.0%
Net Income	$1,242,676	$-84,845	-15.6%

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

$7,200

Total Directors

$7,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN W FOSTER	CHAIRMAN	2.00	Officer Director	$2,400	$0	$2,400
ROBERT KIRKSEY	SECRETARY/TR	2.00	Officer Director	$2,400	$0	$2,400
W G LEGRONE	VICE CHAIRMA	2.00	Officer Director	$2,400	$0	$2,400

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	No data	No data	No data	No data
2024	$2,206,084	$963,408	$4,861,608	$1,242,676
2023	$928,730	$1,013,575	$3,493,494	$-84,845
2022	$857,437	$910,266	$3,486,095	$-52,829
2021	$858,604	$845,955	$3,527,302	$12,649
2020	$881,561	$825,193	$3,510,570	$56,368
2019	$863,242	$798,202	$3,464,153	$65,040

COALING WATER AUTHORITY INC