WHITE HOUSE WATER SYSTEM INC (EIN 630675724) - 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

Principal Officer

LLOYD HEARD

Phone

2519372430

Tax Period

2023-01-01 to 2023-12-31

WHITE HOUSE WATER SYSTEM INC, founded in 1968, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2018. Expenses of $1.1M left a modest 9% surplus.

Mission

TO PROVIDE WATER SERVICE TO THE WHITE HOUSE FORKS COMMUNITY IN BALDWIN COUNTY ALABAMA

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,452,097

Investment Income $17,921

Other Revenue $24,372

TOTAL REVENUE $1,494,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $304,391

Fundraising Expenses $0

Program Expenses $1,247,759

Other Expenses $1,129,430

TOTAL EXPENSES $1,433,821

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,494,390	$1,492,688	+0.0%
Expenses	$1,433,821	$1,500,425	0.0%
Net Income	$60,569	$-7,737	-8.8%

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

$4,800

Total Directors

$8,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LLOYD HEARD	PRESIDENT	4.00	Officer Director	$4,000	$0	$4,000
DEWAYNE HOLLEY	BOARD MEMBER	2.00	Director	$2,800	$0	$2,800
RICK BULLARD	BOARD MEMBER	2.00	Director	$1,200	$0	$1,200
WILLIAM J CAMP	VICE PRESIDE	2.00	Officer Director	$800	$0	$800
ED PICKLE	BOARD MEMBER	2.00	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	$1,494,390	$1,433,821	$3,471,611	$60,569
2022	$1,492,688	$1,500,425	$3,728,331	$-7,737
2021	$1,442,449	$1,175,915	$3,742,667	$266,534
2020	$1,306,164	$1,115,859	$3,483,601	$190,305
2019	$1,234,384	$1,177,129	$3,380,947	$57,255
2018	$1,179,429	$1,069,712	$3,458,843	$109,717

WHITE HOUSE WATER SYSTEM INC