WESLEY CHAPEL WATER SYSTEM INC (EIN 720824758) - 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

1975

Legal Domicile

Principal Officer

CHARLES NEELES

Phone

3182554503

Tax Period

2023-01-01 to 2023-12-31

WESLEY CHAPEL WATER SYSTEM INC, founded in 1975, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 232% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 71% operating margin.

Mission

TO PROVIDE SAFE POTABLE WATER TO THE RURAL WESLEY CHAPEL COMMUNITY.

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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 $1,905,931

Program Service Revenue $777,994

Investment Income $16,055

Other Revenue $4,673

TOTAL REVENUE $2,704,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $199,736

Fundraising Expenses $0

Program Expenses $788,790

Other Expenses $589,054

TOTAL EXPENSES $788,790

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,704,653	$815,361	+2.3%
Expenses	$788,790	$798,628	0.0%
Net Income	$1,915,863	$16,733	+113.5%

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
WILLIAM CANTRELL	SECRETARY/TR	N/A	Director	$0	$0	$0
DAVID L HARVEY	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CHARLES HOPKINS	DIRECTOR	N/A	Director	$0	$0	$0
KENNETH JONES	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES NEELES	PRESIDENT	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	$2,704,653	$788,790	$8,128,657	$1,915,863
2022	$723,125	$769,413	$5,962,302	$-46,288
2021	$734,607	$735,349	$6,039,281	$-742
2020	$1,362,879	$668,676	$6,012,831	$694,203
2019	$1,447,770	$832,573	$5,781,035	$615,197
2018	$652,318	$523,306	$2,779,118	$129,012

WESLEY CHAPEL WATER SYSTEM INC