SWEARENGIN WATER SYSTEM INC

EIN: 630621338

GRANT, AL

Total Revenue
$436,324
Total Expenses
$321,758
Total Assets
$1,203,862
Net Assets
$1,055,779
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
AL
Principal Officer
RANDALL SMITH
Phone
2567282782
Tax Period
2023-01-01 to 2023-12-31

SWEARENGIN WATER SYSTEM INC, founded in 1970, is a small nonprofit that reported $210K in total revenue in fiscal year 2018. Net assets of $831K represent 48 months of operating reserves.

Mission

TO PROVIDE WATER SERVICE TO THE SWEARENGIN COMMUNITY

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $151,693
Program Service Revenue $0
Investment Income $850
Other Revenue $283,781
TOTAL REVENUE $436,324

Expense Breakdown

Grants Paid $0
Salaries & Benefits $146,132
Fundraising Expenses $0
Other Expenses $175,626
TOTAL EXPENSES $321,758

Year-over-Year Comparison

2023 2022 Change
Revenue $436,324 $302,881 +0.4%
Expenses $321,758 $275,635 +0.2%
Net Income $114,566 $27,246 +3.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
4
Volunteers
2

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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM PACE PRESIDENT 5.00
Officer Director
$0 $0 $0
LELANI MOORE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
RANDALL SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
PERRY STAPLER BOARD MEMBER 1.00
Director
$0 $0 $0
CYNDI GUFFEY BOARD MEMBER 1.00
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
2023 $436,324 $321,758 $1,203,862 $114,566
2022 $302,881 $275,635 $1,100,721 $27,246
2021 $268,235 $255,124 $995,015 $13,111
2020 $271,411 $244,735 $963,554 $26,676
2020 $261,719 $229,510 $971,021 $32,209
2019 $253,405 $215,510 $1,007,090 $37,895
2018 $209,668 $208,719 $1,024,587 $949
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