Frost Town Water System Inc (EIN 720679832) - 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

Curt Meachum

Phone

3185998066

Tax Period

2024-01-01 to 2024-12-31

Frost Town Water System Inc, founded in 1968, is a small nonprofit that reported $302K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $99K, a strong 33% operating margin.

Mission

Provide water service to members

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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 $280,332

Investment Income $21,845

Other Revenue $0

TOTAL REVENUE $302,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,377

Fundraising Expenses $0

Program Expenses $195,977

Other Expenses $135,653

TOTAL EXPENSES $203,030

Year-over-Year Comparison

	2024	2023	Change
Revenue	$302,177	$235,554	+0.3%
Expenses	$203,030	$201,054	+0.0%
Net Income	$99,147	$34,500	+1.9%

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

$27,290

Total Directors

$36,425

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
BRENDA JORDAN	SecretaryTreasurer	Officer Director	$24,000	$0	$24,000
DONALD JORDAN	Director	Director	$9,135	$0	$9,135
CURT MEACHUM	President	Officer Director	$3,290	$0	$3,290
KARL BORQUIST	Director	Director	$0	$0	$0
TRACI WATTS	Director	Director	$0	$0	$0
DEBRA BEARDEN	Director	Director	$0	$0	$0
TODD HUTTON	Director	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
2024	$302,177	$203,030	$672,482	$99,147
2023	$235,554	$201,054	$901,384	$34,500
2022	$223,782	$208,353	$884,540	$15,429
2021	$218,746	$212,941	$890,495	$5,805
2020	$211,035	$164,963	$896,724	$46,072

Frost Town Water System Inc