NORTH FRANKLIN WATER WORKS INC (EIN 720743481) - 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

1970

Legal Domicile

Principal Officer

MARION COLLIER

Phone

3187223589

Tax Period

2024-01-01 to 2024-12-31

NORTH FRANKLIN WATER WORKS INC, founded in 1970, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2024. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.3M, a strong 76% operating margin.

Mission

RURAL WATER SYSTEM

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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 $4,250,352

Program Service Revenue $1,448,957

Investment Income $19,853

Other Revenue $32,738

TOTAL REVENUE $5,751,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $460,939

Fundraising Expenses $0

Program Expenses $1,406,013

Other Expenses $945,074

TOTAL EXPENSES $1,406,013

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,751,900	$2,676,441	+1.1%
Expenses	$1,406,013	$1,352,699	+0.0%
Net Income	$4,345,887	$1,323,742	+2.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY BANKS	BOARD MEMBER	N/A	Director	$0	$0	$0
DEVON GOODMAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
DERRICK PARKER	VICE PRESIDE	N/A	Director	$0	$0	$0
JESSIE ALLEN SINCLAIR	BOARD MEMBER	N/A	Director	$0	$0	$0
HENRY TILL	BOARD MEMBER	N/A	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
2025	No data	No data	No data	No data
2024	$5,751,900	$1,406,013	$10,925,943	$4,345,887
2023	$2,676,441	$1,352,699	$7,092,694	$1,323,742
2022	$1,219,721	$1,442,117	$5,730,349	$-222,396
2021	$1,248,438	$1,310,919	$3,957,852	$-62,481
2020	$1,161,567	$1,163,528	$4,183,267	$-1,961

NORTH FRANKLIN WATER WORKS INC