RANDOLPH WATER SYSTEM INC (EIN 630659341) - 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

1972

Legal Domicile

Principal Officer

Cindy Brown

Phone

3342242906

Tax Period

2024-10-01 to 2025-09-30

Randolph Water System Inc, founded in 1972, is a small nonprofit that reported $179K in total revenue in fiscal year 2017. Net assets of $485K represent 33 months of operating reserves.

Mission

To provide a high quality affordable rural water system.

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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 $241,525

Investment Income $10,339

Other Revenue $0

TOTAL REVENUE $251,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,323

Fundraising Expenses $0

Program Expenses $200,525

Other Expenses $182,239

TOTAL EXPENSES $241,562

Year-over-Year Comparison

	2024	2023	Change
Revenue	$251,864	$251,864	N/A
Expenses	$241,562	$241,561	+0.0%
Net Income	$10,302	$10,303	0.0%

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

$1,050

Total Directors

$1,200

Key Employees

$73,698

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike Jackson	System Operator	25.00	Key Emp	$48,348	$0	$48,348
Sharon Creel	Clerk	24.00	Key Emp	$25,350	$0	$25,350
Mike Bolding	Vice Chair	2.00	Officer	$650	$0	$650
Cindy Brown	Chair	12.00	Officer	$400	$0	$400
Linda Sims	Board Member	1.00	Director	$300	$0	$300
Marjory Bates	Board Member	1.00	Director	$300	$0	$300
Don Lawrence	Board Member	1.00	Director	$300	$0	$300
James R Parnell	Board Member	1.00	Director	$200	$0	$200
Stanley Lawley	Board Member	1.00	Director	$100	$0	$100
Charles B Bolding	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
2025	$251,864	$241,562	$448,544	$10,302
2024	$247,656	$268,383	$439,555	$-20,727
2023	$231,818	$262,381	$469,266	$-30,563
2022	$209,747	$226,280	$488,981	$-16,533
2021	$177,736	$193,233	$502,449	$-15,497
2020	$190,711	$190,558	$514,667	$153
2019	$182,908	$183,963	$511,400	$-1,055
2018	$178,954	$174,184	$513,412	$4,770

RANDOLPH WATER SYSTEM INC