RUSSELL UTILITIES INC (EIN 640535190) - 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

1973

Legal Domicile

Principal Officer

HAROLD DUBOSE

Phone

6014827338

Tax Period

2024-05-01 to 2025-04-30

RUSSELL UTILITIES INC, founded in 1973, is a small nonprofit in the Mutual Benefit sector that reported $449K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $97K, a strong 22% operating margin.

Mission

RUSSELL UTILITIES, INC. IS A RURAL WATER ASSOCIATION PROVIDING WATER TO CUSTOMERS IN A RURAL AREA IN TOOMSUBA, MISSISSIPPI.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $424,722

Investment Income $24,531

Other Revenue $0

TOTAL REVENUE $449,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,122

Fundraising Expenses $0

Program Expenses $303,608

Other Expenses $219,678

TOTAL EXPENSES $351,800

Year-over-Year Comparison

	2024	2023	Change
Revenue	$449,253	$412,115	+0.1%
Expenses	$351,800	$325,393	+0.1%
Net Income	$97,453	$86,722	+0.1%

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

$1,180

Total Directors

$2,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAROLD DUBOSE	PRESIDENT	5.00	Officer Director	$590	$0	$590
STEVEN KAY	DIRECTOR	5.00	Director	$590	$0	$590
ROBERT REECE	DIRECTOR	5.00	Director	$590	$0	$590
CHUCK SANDERS	VICE PRESIDE	5.00	Officer Director	$590	$0	$590
ONDRAY HARRIS SR	DIRECTOR	5.00	Director	$590	$0	$590

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	$449,253	$351,800	$1,359,765	$97,453
2024	$412,115	$325,393	$1,268,271	$86,722
2023	$370,491	$306,699	$1,195,158	$63,792
2022	$332,727	$258,135	$1,117,212	$74,592
2021	$332,935	$292,809	$1,045,884	$40,126
2020	$342,092	$235,407	$1,012,336	$106,685
2019	$357,594	$243,529	$905,805	$114,065

RUSSELL UTILITIES INC