START WATER SYSTEM INC (EIN 721074484) - 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

1969

Legal Domicile

Phone

3187285145

Tax Period

2024-01-01 to 2024-12-31

START WATER SYSTEM INC, founded in 1969, is a small nonprofit in the Mutual Benefit sector that reported $668K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $173K, a strong 26% operating margin.

Mission

TO BUILD AND OPERATE A WATER SYSTEM TO PROVIDE WATER TO THE RESIDENTS OF START, LOUISIANA AND THE SURROUNDING AREA.

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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 $0

Program Service Revenue $655,134

Investment Income $12,699

Other Revenue $0

TOTAL REVENUE $667,833

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,653

Fundraising Expenses $0

Program Expenses $414,424

Other Expenses $386,350

TOTAL EXPENSES $495,003

Year-over-Year Comparison

	2024	2023	Change
Revenue	$667,833	$426,563	+0.6%
Expenses	$495,003	$470,935	+0.1%
Net Income	$172,830	$-44,372	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
GREG TEMPLE	MEMBER	Director	$0	$0	$0
ELLIOT COLVIN	President	Officer Director	$0	$0	$0
TRACEY BARNETT	Vice President	Officer Director	$0	$0	$0
CAMILLE MIZE	MEMBER	Director	$0	$0	$0
JEREMY CROW	MEMBER	Director	$0	$0	$0
BEVERLY WEEKS	Member	Director	$0	$0	$0
GREG PICKENS	Treasurer	Officer 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	$667,833	$495,003	$2,448,813	$172,830
2023	$426,563	$470,935	$2,320,758	$-44,372
2022	$431,137	$440,213	$2,409,581	$-9,076
2021	$405,202	$407,826	$2,466,301	$-2,624
2020	$391,945	$417,111	$2,504,956	$-25,166
2019	$439,796	$411,195	$2,569,062	$28,601
2018	$392,268	$379,003	$2,574,432	$13,265

START WATER SYSTEM INC