Black River Water System Inc (EIN 720985101) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

Chris Freeman

Phone

3187440308

Tax Period

2024-01-01 to 2024-12-31

Black River Water System Inc, founded in 1969, is a small nonprofit in the Public & Societal Benefit sector that reported $497K in total revenue in fiscal year 2024. Expenses of $427K left a modest 14% surplus.

Mission

Provide water service to members

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $16,301

Program Service Revenue $477,473

Investment Income $2,924

Other Revenue $0

TOTAL REVENUE $496,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $364,411

Other Expenses $426,590

TOTAL EXPENSES $426,590

Year-over-Year Comparison

	2024	2023	Change
Revenue	$496,698	$507,508	0.0%
Expenses	$426,590	$403,752	+0.1%
Net Income	$70,108	$103,756	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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	Role	Reportable Comp	Other Comp	Total
CHRIS FREEMAN	President	Officer Director	$0	$0	$0
CALVIN HOLLEY JR	Vice President	Officer Director	$0	$0	$0
JOHNNIE ADAMS	SecretaryTreasurer	Officer Director	$0	$0	$0
DAVID CHEVALLIER	Director	Director	$0	$0	$0
JACKIE ADAMS	Director	Director	$0	$0	$0
JUAN MCCLURE	Director	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	$496,698	$426,590	$3,952,997	$70,108
2023	$507,508	$403,752	$3,956,447	$103,756
2022	$747,430	$473,475	$4,025,387	$273,955
2021	$899,680	$723,315	$4,243,686	$176,365
2020	$251,496	$314,946	$3,130,427	$-63,450

Black River Water System Inc