EMC WATER SYSTEM INC (EIN 721045116) - 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

1972

Legal Domicile

Principal Officer

JOHNNY BENNETT

Tax Period

2023-01-01 to 2023-12-31

EMC WATER SYSTEM INC, founded in 1972, is a community nonprofit in the Mutual Benefit sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 300% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 78% operating margin.

Mission

PROVIDE WATER SERVICE TO RURAL COMMUNITY IN CENTRAL LOUISIANA

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $2,060,952

Program Service Revenue $654,909

Investment Income $2,327

Other Revenue $0

TOTAL REVENUE $2,718,188

Expense Breakdown

Grants Paid $0

Salaries & Benefits $212,687

Fundraising Expenses $0

Program Expenses $419,770

Other Expenses $383,363

TOTAL EXPENSES $596,050

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,718,188	$678,734	+3.0%
Expenses	$596,050	$560,924	+0.1%
Net Income	$2,122,138	$117,810	+17.0%

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

$39,600

Total Directors

$39,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHNNY BENNETT	PRESIDENT	40	Officer Director	$39,600	$0	$39,600
WYMON TERRELL	VICE PRESIDENT	1	Director	$0	$0	$0
C MCLAUGHLIN	BOARD MEMBER	1	Director	$0	$0	$0
PAT RICHMOND	BOARD MEMBER	1	Director	$0	$0	$0
RANDY COOPER	BOARD MEMBER	1	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	No data	No data	No data	No data
2023	$2,718,188	$596,050	$4,265,724	$2,122,138
2022	$678,734	$560,924	$2,152,548	$117,810
2021	$463,504	$440,851	$1,752,409	$22,653
2020	$515,000	$434,146	$1,767,173	$80,854
2019	$386,524	$421,153	$1,682,765	$-34,629
2018	$410,469	$415,935	$1,738,177	$-5,466

EMC WATER SYSTEM INC