EAST DESOTO WATER SYSTEM INC (EIN 720718513) - 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

Principal Officer

MIKE LAFITTE

Phone

3188723397

Tax Period

2023-07-01 to 2024-06-30

EAST DESOTO WATER SYSTEM INC, founded in 1971, is a small nonprofit that reported $243K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $313K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROVIDE WATER TO APPROXIMATELY 383 RESIDENCES AND BUSINESSES IN RURAL EASTERN DESOTO PARISH IN NORTHWEST LOUISIANA

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $200,233

Investment Income $63

Other Revenue $42,988

TOTAL REVENUE $243,284

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $313,031

TOTAL EXPENSES $313,031

Year-over-Year Comparison

	2023	2022	Change
Revenue	$243,284	$209,259	+0.2%
Expenses	$313,031	$277,467	+0.1%
Net Income	$-69,747	$-68,208	+0.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY ANDERSON	DIRECTOR	N/A	Director	$0	$0	$0
JACK BARRON	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT DAVIDSON	SECRETARY	N/A	Officer Director	$0	$0	$0
MIKE LAFITTE	PRESIDENT	N/A	Officer Director	$0	$0	$0
GREG ROBERTSON	VICE PRESIDE	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
2024	$243,284	$313,031	$1,183,737	$-69,747
2023	$209,259	$277,467	$1,264,733	$-68,208
2022	$210,187	$326,632	$1,345,962	$-116,445
2021	$216,443	$195,433	$1,127,526	$21,010
2020	$145,925	$177,238	$696,313	$-31,313
2019	$154,000	$184,284	$726,853	$-30,284
2018	$155,223	$206,507	$756,476	$-51,284

EAST DESOTO WATER SYSTEM INC