HENDERSON NINA WATER SYSTEM INC (EIN 720642969) - 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

1966

Legal Domicile

Principal Officer

PERRY SERRETTE

Phone

3372287458

Tax Period

2024-09-01 to 2025-08-31

HENDERSON NINA WATER SYSTEM INC, founded in 1966, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2024. Revenue surged 212% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.3M, a strong 86% operating margin.

Mission

PROVIDE WATER TO CUSTOMERS

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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 $5,285,923

Program Service Revenue $862,805

Investment Income $6,230

Other Revenue $15,722

TOTAL REVENUE $6,170,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $352,651

Fundraising Expenses $0

Other Expenses $525,026

TOTAL EXPENSES $877,677

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,170,680	$1,976,979	+2.1%
Expenses	$877,677	$886,120	0.0%
Net Income	$5,293,003	$1,090,859	+3.9%

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

$26,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY MELANCON	VICE PRESIDE	1.00	Officer	$4,650	$0	$4,650
PERRY SERRETTE	DIRECTOR	1.00	Officer	$5,100	$0	$5,100
ANTHONY ROBIN	SECRETARY/TR	1.00	Officer	$4,650	$0	$4,650
WADE DOMINGUE	PRESIDENT	1.00	Officer	$7,000	$0	$7,000
GILLRAY PATIN	DIRECTOR	1.00	Officer	$5,100	$0	$5,100

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	$6,170,680	$877,677	$14,605,241	$5,293,003
2024	$1,976,979	$886,120	$7,108,287	$1,090,859
2023	$1,622,740	$783,048	$5,686,838	$839,692
2022	$1,500,921	$680,239	$4,135,661	$820,682
2021	$731,518	$698,328	$1,512,076	$33,190
2020	$654,105	$705,208	$1,499,931	$-51,103
2019	$616,769	$622,026	$1,539,094	$-5,257

HENDERSON NINA WATER SYSTEM INC