MILTON WATER SYSTEM INC (EIN 720806428) - 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

1974

Legal Domicile

Phone

3378566206

Tax Period

2024-07-01 to 2025-06-30

MILTON WATER SYSTEM INC, founded in 1974, is a community nonprofit that reported $6.8M in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.7M, a strong 69% operating margin.

Mission

MAINTAIN & OPERATE A WATER SYSTEM CONSTRUCTED FOR THE BENEFIT OF MEMBERS IN MILTON, LA.

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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 $4,742,739

Program Service Revenue $2,023,397

Investment Income $38,384

Other Revenue $0

TOTAL REVENUE $6,804,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $347,196

Fundraising Expenses $0

Other Expenses $1,791,284

TOTAL EXPENSES $2,138,480

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,804,520	$3,941,677	+0.7%
Expenses	$2,138,480	$2,034,135	+0.1%
Net Income	$4,666,040	$1,907,542	+1.4%

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
SINDA SOILEAU	BOARD MEMBER	5.00	Director	$0	$0	$0
GLEN GUIDRY	BOARD MEMBER	5.00	Director	$0	$0	$0
LARRY SOILEAU	BOARD MEMBER	5.00	Director	$0	$0	$0
BOB BIXENMAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
LISA NOEL	TREASURER	5.00	Officer	$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	$6,804,520	$2,138,480	$20,477,630	$4,666,040
2024	$3,941,677	$2,034,135	$11,890,959	$1,907,542
2023	$1,919,029	$1,965,464	$7,224,145	$-46,435
2022	$1,878,685	$1,663,079	$7,344,490	$215,606
2021	$1,907,835	$1,807,710	$6,857,582	$100,125
2020	$1,640,494	$1,436,973	$6,767,870	$203,521
2019	$1,551,461	$1,461,627	$5,651,804	$89,834

MILTON WATER SYSTEM INC