CULBERTSON WATER SYSTEM INC (EIN 720879625) - 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

1978

Legal Domicile

Principal Officer

VICTOR HOLLIS

Phone

3187682559

Tax Period

2023-01-01 to 2023-12-31

CULBERTSON WATER SYSTEM INC, founded in 1978, is a small nonprofit that reported $717K in total revenue in fiscal year 2023. The organization ran a surplus of $198K, a strong 28% operating margin.

Mission

PROVIDING WATER TO SYSTEM MEMBERS

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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 $706,505

Investment Income $5,472

Other Revenue $4,800

TOTAL REVENUE $716,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,957

Fundraising Expenses $0

Other Expenses $401,566

TOTAL EXPENSES $518,523

Year-over-Year Comparison

	2023	2022	Change
Revenue	$716,777	$704,678	+0.0%
Expenses	$518,523	$499,798	+0.0%
Net Income	$198,254	$204,880	0.0%

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

$94,959

Total Directors

$27,587

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTOR HOLLIS	PRESIDENT	0.00	Officer Director	$0	$0	$0
JACKIE COATS 123 - 623	VICE PRESIDENT	40.00	Officer Director	$27,587	$0	$27,587
LONNIE DADE	BOARD MEMBER	0.00	Director	$0	$0	$0
JERRY TOUCHSTONE	BOARD MEMBER	0.00	Director	$0	$0	$0
DAN MORGAN	BOARD MEMBER	0.00	Director	$0	$0	$0
SCOTTIE COATS 823-1223	BOARD MEMBER	0.00	Director	$0	$0	$0
MARILYN COATS	TREASURER	35.00	Officer	$67,372	$0	$67,372

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	$716,777	$518,523	$2,512,316	$198,254
2022	$704,678	$499,798	$2,302,983	$204,880
2021	$552,273	$452,168	$2,150,487	$100,105
2020	$566,800	$457,392	$1,994,717	$109,408
2019	$564,237	$450,497	$1,879,821	$113,740
2018	$538,053	$387,575	$1,750,095	$150,478

CULBERTSON WATER SYSTEM INC