EAST CENTRAL VERNON WATER SYSTEM INC (EIN 721068299) - 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

1986

Legal Domicile

Phone

3372389009

Tax Period

2023-01-01 to 2023-12-31

EAST CENTRAL VERNON WATER SYSTEM INC, founded in 1986, is a community nonprofit in the Mutual Benefit sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $535K, a strong 33% operating margin.

Mission

TO CONSTRUCT, MAINTAIN AND OPERATE A PRIVATE WATER SYSTEM FOR THE USE OF OUR MEMBERS IN OUR RURAL COMMUNITY.

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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 $509,474

Program Service Revenue $1,067,352

Investment Income $25,160

Other Revenue $361

TOTAL REVENUE $1,602,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $291,694

Fundraising Expenses $0

Program Expenses $1,066,903

Other Expenses $775,209

TOTAL EXPENSES $1,066,903

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,602,347	$1,070,170	+0.5%
Expenses	$1,066,903	$1,001,076	+0.1%
Net Income	$535,444	$69,094	+6.7%

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

Total Directors

$2,975

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE LYNN BOLTON	Treasurer	1.00	Director	$700	$0	$700
WILLIE BANKS JR	Director	1.00	Director	$600	$0	$600
RONALD LEWIS	President	1.00	Director	$525	$0	$525
JUANITA BOLTON	DIRECTOR	1.00	Director	$400	$0	$400
LOWELL BROWN	DIRECTOR	1.00	Director	$400	$0	$400
RAY CHARRIER	DIRECTOR	1.00	Director	$350	$0	$350

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,602,347	$1,066,903	$7,372,025	$535,444
2022	$1,070,170	$1,001,076	$5,665,219	$69,094
2021	$991,334	$945,604	$5,670,763	$45,730
2020	$1,103,659	$835,799	$5,889,406	$267,860
2019	$971,449	$875,023	$5,443,608	$96,426

EAST CENTRAL VERNON WATER SYSTEM INC