Fords Valley and Highway 278 Water (EIN 630643446) - 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

1971

Legal Domicile

Principal Officer

Felix Firestone

Phone

2564925886

Tax Period

2024-06-01 to 2025-05-31

FORD'S VALLEY AND HIGHWAY 278 WATER, founded in 1971, is a small nonprofit that reported $991K in total revenue in fiscal year 2018. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $172K, a strong 17% operating margin.

Mission

To provide consumable water for our customers.

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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 (2024)

Revenue Breakdown

Contributions & Grants $468,328

Program Service Revenue $1,020,907

Investment Income $63,794

Other Revenue $3,501

TOTAL REVENUE $1,556,530

Expense Breakdown

Grants Paid $0

Salaries & Benefits $247,941

Fundraising Expenses $0

Program Expenses $527,733

Other Expenses $428,763

TOTAL EXPENSES $676,704

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,556,530	$1,161,019	+0.3%
Expenses	$676,704	$727,816	-0.1%
Net Income	$879,826	$433,203	+1.0%

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	Role	Reportable Comp	Other Comp	Total
Felix Firestone	President	Officer Director	$0	$0	$0
Terry Alford	Vice President	Officer Director	$0	$0	$0
David Anderson	Board member	Director	$0	$0	$0
Darrell McDaniel	Board member	Director	$0	$0	$0
Kathy Ingram	SecretaryTreasurer	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	$1,556,530	$676,704	$3,792,351	$879,826
2024	$1,161,019	$727,816	$2,954,063	$433,203
2023	$1,037,649	$726,976	$2,468,450	$310,673
2022	$1,050,750	$692,213	$2,159,299	$358,537
2021	$1,122,150	$746,022	$1,983,940	$376,128
2020	$1,003,155	$839,483	$1,908,879	$163,672
2019	$991,266	$818,818	$1,871,435	$172,448

Fords Valley and Highway 278 Water