FRIENDSHIP WATER WORKS

EIN: 630686111

TALLASSEE, AL

Total Revenue
$3,060,268
Total Expenses
$898,733
Total Assets
$4,361,930
Net Assets
$3,763,798
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
AL
Principal Officer
STANLEY COLEMAN
Phone
3342836463
Tax Period
2025-01-01 to 2025-12-31

FRIENDSHIP WATER WORKS, founded in 1971, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2025. Revenue surged 213% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 71% operating margin.

Mission

SUPPLY WATER TO ITS MEMBERS.

Program Service Accomplishments

Program 1
Expenses: $888,364 Revenue: $979,570

FRIENDSHIP WATER WORKS SUPPLIES WATER TO ITS MEMBERS. THE MEMBERS PAY FOR THE WATER SERVICE THEY RECEIVE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $979,570
Investment Income $14,265
Other Revenue $2,066,433
TOTAL REVENUE $3,060,268

Expense Breakdown

Grants Paid $0
Salaries & Benefits $225,067
Fundraising Expenses $0
Program Expenses $893,133
Other Expenses $673,666
TOTAL EXPENSES $898,733

Year-over-Year Comparison

2025 2024 Change
Revenue $3,060,268 $978,829 +2.1%
Expenses $898,733 $889,930 +0.0%
Net Income $2,161,535 $88,899 +23.3%
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

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Governance

Voting Members
6
Independent Members
6
Employees
8
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
$2,800
Total Directors
4
$2,800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRY POAGUE BOARD MEMBER N/A
Director
$900 $0 $900
DAVID HYDE V. PRESIDENT N/A
Officer
$800 $0 $800
TOBY WARD SECRETARY/TR N/A
Officer
$1,000 $0 $1,000
DOUG WALTERS BOARD MEMBER N/A
Director
$1,000 $0 $1,000
STANLEY COLEMAN CHAIRMAN 10.00
Officer
$1,000 $0 $1,000
WAYNE DUNSON BOARD MEMBER N/A
Director
$900 $0 $900
ANDREW BOSHELL BOARD MEMBER N/A
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 $3,060,268 $898,733 $4,361,930 $2,161,535
2024 No data No data No data No data
2023 $925,913 $869,106 $2,016,907 $56,807
2022 $864,648 $793,875 $1,944,981 $70,773
2021 $847,495 $738,740 $1,849,699 $108,755
2020 $821,457 $774,165 $1,792,112 $47,292
2019 $817,990 $720,557 $1,658,608 $97,433
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