FREEMANVILLE WATER SYSTEM INC (EIN 630658412) - 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

Phone

2513682919

Tax Period

2024-05-01 to 2025-04-30

FREEMANVILLE WATER SYSTEM INC, founded in 1971, is a small nonprofit that reported $448K in total revenue in fiscal year 2018. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $413K left a modest 8% surplus.

Mission

RURAL WATER SYSTEM FURNISHING WATER FOR DOMESTIC, COMMERCIAL, AGRICULTURAL AND OTHER PURPOSES TO MEMBERS OF THE SYSTEM (WHICH COMSISTS OF APPROXIMATELY 1100 MEMBERS).

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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 $0

Program Service Revenue $571,195

Investment Income $428

Other Revenue $0

TOTAL REVENUE $571,623

Expense Breakdown

Grants Paid $0

Salaries & Benefits $279,970

Fundraising Expenses $0

Program Expenses $507,695

Other Expenses $378,670

TOTAL EXPENSES $658,640

Year-over-Year Comparison

	2024	2023	Change
Revenue	$571,623	N/A	N/A
Expenses	$658,640	N/A	N/A
Net Income	$-87,017	N/A	N/A

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
WILMA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JOE PIERCE	DIRECTOR	0.00	Director	$0	$0	$0
FAYETTA KENDRIX-PETTWAY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID QUARKER JR	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD ADAMS SR	PRESIDENT	1.00	Officer Director	$0	$0	$0
CALLIE SMITH	TREASURER	40.00	Officer	$0	$0	$0
CHARLA BIGGS	SECRETARY	1.00	Officer	$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	$571,623	$658,640	$1,479,543	$-87,017
2024	$557,934	$609,446	$1,609,422	$-51,512
2023	$471,696	$606,350	$1,696,476	$-134,654
2022	$503,456	$569,116	$1,874,773	$-65,660
2021	$508,946	$414,871	$1,967,579	$94,075
2020	$477,072	$462,805	$1,870,980	$14,267
2019	$448,295	$413,376	$1,843,246	$34,919

FREEMANVILLE WATER SYSTEM INC