VILLAGE WATER SYSTEM INC (EIN 720683897) - 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

1967

Legal Domicile

Principal Officer

MIKE THORNTON

Phone

3189653700

Tax Period

2022-08-01 to 2023-07-31

VILLAGE WATER SYSTEM INC, founded in 1967, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2022. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $426K, a strong 22% operating margin.

Mission

WATER DISTRIBUTION

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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 $1,777,636

Investment Income $4,089

Other Revenue $157,554

TOTAL REVENUE $1,939,279

Expense Breakdown

Grants Paid $0

Salaries & Benefits $222,776

Fundraising Expenses $0

Other Expenses $1,290,848

TOTAL EXPENSES $1,513,624

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,939,279	$2,596,846	-0.3%
Expenses	$1,513,624	$2,437,576	-0.4%
Net Income	$425,655	$159,270	+1.7%

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

$60,112

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SALIN J FAYARD	MANAGER	40.00	Officer	$60,112	$0	$60,112
CHRIS BEATTY	MEMBER	N/A	Officer Director	$0	$0	$0
CHARLES BRANTON	MEMBER	N/A	Officer Director	$0	$0	$0
BILL BURRIS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
TODD FRANCE	PRESIDENT	N/A	Officer Director	$0	$0	$0
PETE HOHNEMANN	MEMBER	N/A	Officer Director	$0	$0	$0
FRANK KREID	MEMBER	N/A	Officer Director	$0	$0	$0
MIKE THORNTON	SECRETARY	N/A	Officer 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
2023	$1,939,279	$1,513,624	No data	$425,655
2022	$2,596,846	$2,437,576	$5,729,098	$159,270
2021	$2,131,245	$2,084,979	$5,696,863	$46,266
2020	$1,902,189	$2,103,848	$5,752,477	$-201,659
2019	$2,069,692	$2,033,988	$6,164,721	$35,704
2018	$1,904,291	$1,821,131	$6,207,217	$83,160

VILLAGE WATER SYSTEM INC