D'ARBONNE WATER SYSTEM INC (EIN 720960237) - 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

1977

Legal Domicile

Principal Officer

MINOR PATTON

Phone

3182857407

Tax Period

2024-01-01 to 2024-12-31

D'ARBONNE WATER SYSTEM INC, founded in 1977, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $358K, a strong 17% operating margin.

Mission

PROVIDE WATER SERVICES TO RURAL CUSTOMERS

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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 $217,329

Program Service Revenue $1,787,549

Investment Income $59,791

Other Revenue $10,374

TOTAL REVENUE $2,075,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $477,035

Fundraising Expenses $0

Other Expenses $1,240,447

TOTAL EXPENSES $1,717,482

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,075,043	$1,588,663	+0.3%
Expenses	$1,717,482	$1,344,195	+0.3%
Net Income	$357,561	$244,468	+0.5%

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

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

$41,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MINOR PATTON	PRESIDENT	10.00	Officer	$10,200	$0	$10,200
DONALD HOLDMAN	SECRETARY	1.00	Officer	$5,500	$0	$5,500
JOHNNY BUCKLEY	1ST VICE PRESIDENT	1.00	Officer	$8,400	$0	$8,400
JAMES W RUSSELL	TREASURER	1.00	Officer	$8,400	$0	$8,400
PAT RISINGER	2ND VICE PRESIDENT	1.00	Officer	$8,400	$0	$8,400
RONALD SMITH	SECRETARY (JANUARY ONLY)	1.00	Officer	$500	$0	$500

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	$2,075,043	$1,717,482	$9,523,865	$357,561
2023	$1,588,663	$1,344,195	$4,594,498	$244,468
2022	$1,735,437	$1,414,163	$4,076,798	$321,274
2021	$1,270,962	$1,204,373	$3,618,611	$66,589
2020	$1,308,433	$1,188,782	$3,878,227	$119,651
2019	$1,138,308	$1,026,862	$3,996,388	$111,446
2018	$1,170,305	$993,785	$3,498,817	$176,520

D'ARBONNE WATER SYSTEM INC