RURAL FRANKLINTON WATER CORPORATION (EIN 721029733) - 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

1974

Legal Domicile

Principal Officer

LENWARD THOMPSON

Phone

9858396433

Tax Period

2023-01-01 to 2023-12-31

RURAL FRANKLINTON WATER CORPORATION, founded in 1974, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $656K in total revenue in fiscal year 2023. Expenses of $598K left a modest 9% surplus.

Mission

TO OPERATE A PRIVATE 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 (2023)

Revenue Breakdown

Contributions & Grants $1,363

Program Service Revenue $644,540

Investment Income $6,161

Other Revenue $3,534

TOTAL REVENUE $655,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $251,482

Fundraising Expenses $0

Program Expenses $598,396

Other Expenses $346,914

TOTAL EXPENSES $598,396

Year-over-Year Comparison

	2023	2022	Change
Revenue	$655,598	$647,013	+0.0%
Expenses	$598,396	$661,772	-0.1%
Net Income	$57,202	$-14,759	-4.9%

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

$5,700

Total Directors

$8,575

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REGINALD MCMASTERS	PRESDIDENT	1.00	Officer Director	$2,500	$0	$2,500
LENWARD THOMPSON	VICE PRESIDENT	1.00	Officer Director	$1,700	$0	$1,700
LB ROGERS	SECRETARY/TREASURER	1.00	Officer Director	$1,500	$0	$1,500
CLIFFORD JEFFERSON	MEMBER	1.00	Director	$1,500	$0	$1,500
LARRY MAGEE	MEMBER	1.00	Director	$1,375	$0	$1,375

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	$655,598	$598,396	$1,535,784	$57,202
2022	$647,013	$661,772	$1,521,272	$-14,759
2021	$509,646	$562,332	$1,582,134	$-52,686
2020	$551,274	$533,833	$1,629,584	$17,441
2019	$483,865	$511,815	$1,625,613	$-27,950
2018	$498,117	$516,372	$1,675,394	$-18,255

RURAL FRANKLINTON WATER CORPORATION