PLAISANCE WATER SYSTEMS INC (EIN 720710045) - 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

1971

Legal Domicile

Principal Officer

LINCOLN CELESTAIN

Phone

3379486832

Tax Period

2025-01-01 to 2025-12-31

PLAISANCE WATER SYSTEMS INC, founded in 1971, is a small nonprofit that reported $954K in total revenue in fiscal year 2025. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $159K, a strong 17% operating margin.

Mission

TO PROVIDE WATER TO RURAL CONSUMERS

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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 (2025)

Revenue Breakdown

Contributions & Grants $200,000

Program Service Revenue $699,970

Investment Income $43,178

Other Revenue $10,480

TOTAL REVENUE $953,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,157

Fundraising Expenses $0

Program Expenses $794,177

Other Expenses $571,020

TOTAL EXPENSES $794,177

Year-over-Year Comparison

	2025	2024	Change
Revenue	$953,628	$742,025	+0.3%
Expenses	$794,177	$778,797	+0.0%
Net Income	$159,451	$-36,772	-5.3%

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

$8,350

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRANT FONTENOT	PRESIDENT	1.00	Officer	$1,700	$0	$1,700
JEFFERY DAVIS	VICE PRESIDE	1.00	Officer	$1,650	$0	$1,650
RAMONA FRUGE	FORMER SECRE	1.00	Officer	$1,100	$0	$1,100
LINCOLN CELESTAIN	PRESIDENT	1.00	Officer	$1,000	$0	$1,000
GRACE GARNIER	FORMER 1ST T	1.00	Officer	$1,000	$0	$1,000
ANGELL JORDAN	1ST TREASURE	1.00	Officer	$700	$0	$700
VERN SHAW	2ND TREASURE	1.00	Officer	$700	$0	$700
RAYMOND CASSIMERE	SECRETARY	1.00	Officer	$500	$0	$500

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	$953,628	$794,177	$4,102,459	$159,451
2024	$742,025	$778,797	$3,932,644	$-36,772
2023	$679,753	$720,691	$3,998,907	$-40,938
2022	$657,590	$683,720	$4,109,529	$-26,130
2021	$683,930	$636,454	$4,202,222	$47,476
2020	$612,210	$606,833	$4,222,183	$5,377
2019	$626,747	$594,953	$4,317,071	$31,794
2018	$620,881	$597,158	$4,516,318	$23,723

PLAISANCE WATER SYSTEMS INC