HOBSON WATER SYSTEM A CORP

EIN: 630677115

Chatom, AL

Total Revenue
$113,927
Total Expenses
$98,853
Total Assets
$515,656
Net Assets
$233,132
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
AL
Principal Officer
GORDON SLOAT
Tax Period
2023-07-01 to 2024-06-30

HOBSON WATER SYSTEM A CORP, founded in 1971, is a small nonprofit that reported $108K in total revenue in fiscal year 2022. The organization ran a surplus of $21K, a strong 20% operating margin.

Mission

DOMESTIC WATER FOR RURAL RESIDENTS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $110,711
Investment Income $3,111
Other Revenue $105
TOTAL REVENUE $113,927

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,807
Fundraising Expenses $0
Program Expenses $98,853
Other Expenses $91,046
TOTAL EXPENSES $98,853

Year-over-Year Comparison

2023 2022 Change
Revenue $113,927 N/A N/A
Expenses $98,853 N/A N/A
Net Income $15,074 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

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Liquidity & Cash Position

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
1
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
3
$7,800
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SANDRA L DEES SECTREAS 10.00
Officer Highest
$7,800 $0 $7,800
GERALD EVERETT DIRECTOR 1.00
Director
$0 $0 $0
BILLY J ODOM DIRECTOR 1.00
Director
$0 $0 $0
LYLE BEECH VICE PRESIDENT 1.00
Officer
$0 $0 $0
GORDON SLOAT PRESIDENT 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 No data No data No data No data
2024 $113,927 $98,853 $515,656 $15,074
2023 $107,654 $86,465 $507,713 $21,189
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