VAW WATER SYSTEM 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

1968

Legal Domicile

Principal Officer

LARRY DUKE

Phone

2567342413

Tax Period

2024-10-01 to 2025-09-30

VAW WATER SYSTEM INC, founded in 1968, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Net assets of $9.4M represent 27 months of operating reserves.

Mission

PROVISION OF WATER AND RELATED SERVICES TO THE CITIZENS OF VINEMONT, ALABAMA AND THE SURROUNDING AREAS.

Program Service Accomplishments

Program 1

Expenses: $3,642,690

PROVISION OF WATER AND RELATED SERVICES TO THE CITIZENS OF VINEMONT, ALABAMA AND THE SURROUNDING AREAS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,076,000

Investment Income $22,676

Other Revenue $0

TOTAL REVENUE $4,098,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $866,270

Fundraising Expenses $0

Program Expenses $3,642,690

Other Expenses $3,391,936

TOTAL EXPENSES $4,258,206

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,098,676	$4,217,314	0.0%
Expenses	$4,258,206	$3,963,733	+0.1%
Net Income	$-159,530	$253,581	-1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY BOLZLE	DIRECTOR	N/A	Director	$0	$0	$0
TIM BOX	VICE-CHAIRMA	N/A	Officer Director	$0	$0	$0
JOSEPH DINGLER	DIRECTOR	N/A	Director	$0	$0	$0
LARRY DUKE	CHAIRMAN	N/A	Officer Director	$0	$0	$0
MORRIS WILLIAMS	SECRETARY/TR	N/A	Officer 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
2025	$4,098,676	$4,258,206	$12,022,089	$-159,530
2024	$4,217,314	$3,963,733	$12,351,996	$253,581
2023	$4,054,194	$4,598,595	$12,227,306	$-544,401
2022	$4,026,723	$3,775,302	$12,897,303	$251,421
2021	$3,736,922	$3,772,895	$12,821,625	$-35,973
2020	$3,814,966	$3,700,340	$12,969,683	$114,626
2019	$3,713,743	$3,603,241	$13,978,085	$110,502
2018	$3,627,965	$3,277,792	$13,409,377	$350,173