EAST CULLMAN WATER SYSTEM INC (EIN 630595985) - 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

Principal Officer

HUGH HARRIS

Phone

2567965828

Tax Period

2023-07-01 to 2024-06-30

EAST CULLMAN WATER SYSTEM INC is a community nonprofit that reported $1.2M in total revenue in fiscal year 2017. Revenue decreased 11% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROVIDE WATER SERVICE TO APPROX. 4,397 MEMBERS LOCATED IN THE EASTERN PORTION OF CULLMAN 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $2,338

Other Revenue $1,548,135

TOTAL REVENUE $1,550,473

Expense Breakdown

Grants Paid $300

Salaries & Benefits $913,267

Fundraising Expenses $0

Other Expenses $688,666

TOTAL EXPENSES $1,602,233

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,550,473	$1,602,769	0.0%
Expenses	$1,602,233	$1,419,955	+0.1%
Net Income	$-51,760	$182,814	-1.3%

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

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

$4,800

Total Directors

$11,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HUGH HARRIS	SEC/TREAS	3.00	Officer	$4,800	$0	$4,800
KEITH SMITH	DIR/CHAIRMAN	2.00	Director	$4,200	$0	$4,200
TERRY BENTLEY	DIRECTOR	1.00	Director	$2,400	$0	$2,400
TIM BUTTS	DIRECTOR	1.00	Director	$2,400	$0	$2,400
ANDREW CHAMBERS	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	$1,550,473	$1,602,233	$4,187,898	$-51,760
2023	$1,602,769	$1,419,955	$4,289,833	$182,814
2022	$1,520,202	$1,413,774	$4,231,797	$106,428
2021	$1,144,090	$1,340,594	$4,005,248	$-196,504
2020	$1,364,481	$1,360,531	$4,389,735	$3,950
2019	$1,225,729	$1,353,615	$4,558,515	$-127,886
2018	$1,172,686	$1,379,575	$5,024,893	$-206,889

EAST CULLMAN WATER SYSTEM INC