HAGEWOOD WATER SYSTEM INC (EIN 720859395) - 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

Legal Domicile

Principal Officer

JOHN BYNOG

Phone

3184716715

Tax Period

2023-01-01 to 2023-12-31

HAGEWOOD WATER SYSTEM INC is a small nonprofit that reported $417K in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $152K, a strong 36% operating margin.

Mission

SALE AND DISTRIBUTION OF WATER TO RURAL CONNUNITY CITIZENS

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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 $184,839

Program Service Revenue $231,715

Investment Income $49

Other Revenue $0

TOTAL REVENUE $416,603

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $264,628

Other Expenses $264,628

TOTAL EXPENSES $264,628

Year-over-Year Comparison

	2023	2022	Change
Revenue	$416,603	$223,316	+0.9%
Expenses	$264,628	$224,839	+0.2%
Net Income	$151,975	$-1,523	-100.8%

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

N/A

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
JOHN BYNOG	PRESIDENT	5.000	Officer Director	$0	$0	$0
SCOTTIE RODGER	VICE PRESIDENT	1.000	Officer Director	$0	$0	$0
DAVID WASKOM	SECRETARYTREASURER	3.000	Officer Director	$0	$0	$0
CURTIS LACOUR	BOARD MEMBER	N/A	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
2024	No data	No data	No data	No data
2023	$416,603	$264,628	$1,456,230	$151,975
2022	$223,316	$224,839	$992,513	$-1,523
2021	$191,121	$233,079	$1,015,507	$-41,958
2020	$196,152	$219,445	$1,051,320	$-23,293
2019	$196,227	$200,004	$1,095,029	$-3,777
2018	$198,308	$231,879	$1,118,358	$-33,571

HAGEWOOD WATER SYSTEM INC