MID-CLARKE 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

1970

Legal Domicile

Principal Officer

BYRON CARLISLE

Phone

2512752818

Tax Period

2022-01-01 to 2022-12-31

MID-CLARKE WATER SYSTEM, founded in 1970, is a small nonprofit that reported $363K in total revenue in fiscal year 2022. Expenses of $422K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE WATER SERVICE TO ALL MEMBERS OF THE RURAL COMMUNITY THAT ELECT TO BE INCLUDED

Program Service Accomplishments

Program 1

Expenses: $422,335 Revenue: $362,881

TO PROVIDE WATER SERVICE TO ALL MEMBERS OF THE RURAL COMMUNITY THAT ELECT TO BE INCLUDED

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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 $362,881

Investment Income $205

Other Revenue $0

TOTAL REVENUE $363,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,340

Fundraising Expenses $0

Program Expenses $422,335

Other Expenses $354,995

TOTAL EXPENSES $422,335

Year-over-Year Comparison

	2022	2021	Change
Revenue	$363,086	$347,751	+0.0%
Expenses	$422,335	$366,241	+0.2%
Net Income	$-59,249	$-18,490	+2.2%

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

$8,170

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BYRON CARLISLE	CHAIRMAN	10.00	Officer	$8,170	$0	$8,170
CLAUDE AGEE	MEMBER	N/A	Director	$0	$0	$0
GARRY PARDEN	MEMBER	N/A	Director	$0	$0	$0
WAYNE PETTUS	MEMBER	N/A	Director	$0	$0	$0
TIM SCHULTZ	MEMBER	N/A	Director	$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
2022	$363,086	$422,335	No data	$-59,249
2021	$347,751	$366,241	$523,100	$-18,490
2020	$349,522	$344,965	$545,373	$4,557
2019	$341,892	$322,205	$530,922	$19,687
2018	$336,393	$306,620	$505,416	$29,773