Shongaloo Water System Inc (EIN 720946860) - 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

1969

Legal Domicile

Principal Officer

Jason Talley

Phone

3183712636

Tax Period

2024-01-01 to 2024-12-31

Shongaloo Water System Inc, founded in 1969, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 290% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 85% operating margin.

Mission

Operating and maintaining a rural water system

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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 $1,673,378

Program Service Revenue $282,699

Investment Income $5,269

Other Revenue $2,195

TOTAL REVENUE $1,963,541

Expense Breakdown

Grants Paid $6,832

Salaries & Benefits $35,014

Fundraising Expenses $0

Other Expenses $258,516

TOTAL EXPENSES $300,362

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,963,541	$503,586	+2.9%
Expenses	$300,362	$189,196	+0.6%
Net Income	$1,663,179	$314,390	+4.3%

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

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

$32,309

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Stanley	President	2.00	Officer	$0	$0	$0
Peggy Evers	Sec/Treasurer	4.00	Officer	$0	$0	$32,309
Randy Sexton	Vice-President	2.00	Officer	$0	$0	$0
Jesse Lee	Director	2.00	Director	$0	$0	$0
Marilyn King	Director	2.00	Director	$0	$0	$0
Kenneth Davenport	Director	2.00	Director	$0	$0	$0
Ronnie Burns	Director	2.00	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	$1,963,541	$300,362	$4,195,046	$1,663,179
2023	$503,586	$189,196	$1,598,155	$314,390
2022	$208,885	$171,754	$982,228	$37,131
2021	$204,681	$173,853	$950,866	$30,828
2020	$215,407	$166,712	$915,084	$48,695
2019	$204,834	$183,504	$863,447	$21,330
2018	$203,103	$183,783	$844,777	$19,320

Shongaloo Water System Inc