NORTH LUMBERTON UTILITY ASSOCIATION (EIN 640529019) - Form 990 Financial Analysis & Trantor Score

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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

1968

Legal Domicile

Principal Officer

JERRY SMITH

Phone

6017964941

Tax Period

2022-07-01 to 2023-06-30

NORTH LUMBERTON UTILITY ASSOCIATION, founded in 1968, is a small nonprofit that reported $753K in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year.

Mission

TO PROVIDE WATER SERVICE TO RURAL AREAS

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $750,938

Investment Income $1,982

Other Revenue $0

TOTAL REVENUE $752,920

Expense Breakdown

Grants Paid $0

Salaries & Benefits $278,217

Fundraising Expenses $0

Program Expenses $618,084

Other Expenses $454,533

TOTAL EXPENSES $732,750

Year-over-Year Comparison

	2022	2021	Change
Revenue	$752,920	$873,180	-0.1%
Expenses	$732,750	$808,554	-0.1%
Net Income	$20,170	$64,626	-0.7%

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
JERRY SMITH	PRESIDENT	2.00	Officer Director	$0	$0	$0
DALE HANNA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID EARL JOHNSON	REPRESENTATIVE	2.00	Director	$0	$0	$0
LORAY JORDAN	REPRESENTATIVE	2.00	Director	$0	$0	$0
JOEY WALKER	TREASURER	2.00	Officer Director	$0	$0	$0
FREDDIE ENTREKIN	REPRESENTATIVE	2.00	Director	$0	$0	$0
LEVI COUTY	REPRESENTATIVE	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$752,920	$732,750	$1,642,107	$20,170
2022	$873,180	$808,554	$1,656,039	$64,626
2021	$777,868	$718,884	$1,576,448	$58,984
2020	$753,755	$614,539	$1,558,787	$139,216
2019	$729,946	$673,277	$1,458,405	$56,669
2018	$710,653	$697,446	$1,432,879	$13,207

NORTH LUMBERTON UTILITY ASSOCIATION