LINVILLE HAILE WATER SYSTEM INC (EIN 720862374) - 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

Legal Domicile

Principal Officer

KENN HARRELL

Phone

3182924121

Tax Period

2023-01-01 to 2023-12-31

LINVILLE HAILE WATER SYSTEM INC, founded in 1971, is a small nonprofit in the Mutual Benefit sector that reported $197K in total revenue in fiscal year 2023. Expenses of $225K exceeded revenue, resulting in a 14% operating deficit.

Mission

LINVILLE HAILE WATER SYSTEM INC WAS FORMED IN 1971 AS A NON-PRIOFIT TO DRILL WATER WELLS AND TO MAINTAIN AND PROVIDE SAFE DRINKING WATER TO THE RESIDENTS OF THE UN-INCORPORATED COMMUNITIES OF LINVILLE AND HAILE LOCATED IN RURAL NORTH UNION PARISH, 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 $196,291

Investment Income $586

Other Revenue $0

TOTAL REVENUE $196,877

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,287

Fundraising Expenses $0

Program Expenses $225,000

Other Expenses $166,713

TOTAL EXPENSES $225,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$196,877	$197,419	0.0%
Expenses	$225,000	$197,773	+0.1%
Net Income	$-28,123	$-354	+78.4%

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

543

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

$19,200

Total Directors

$19,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN REYNOLDS	OPERATOR / M	40.00		$22,350	$0	$22,350
GLENDA REYNOLDS	SECRETARY	30.00	Officer Director	$19,200	$0	$19,200
DENNIS CASH	DIRECTOR	5.00	Director	$0	$0	$0
KENN HARRELL	PRESIDENT	10.00	Officer Director	$0	$0	$0
PAUL MAYO	VICE-PRESIDE	5.00	Officer Director	$0	$0	$0
KEN THOMAS	DIRECTOR	5.00	Director	$0	$0	$0
BRYAN TUCKER	DIRECTOR	5.00	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	No data	No data	No data	No data
2023	$196,877	$225,000	$938,051	$-28,123
2022	$197,419	$197,773	$966,174	$-354
2021	$195,505	$148,297	$975,791	$47,208
2020	$190,159	$153,821	$926,979	$36,338

LINVILLE HAILE WATER SYSTEM INC