EAST CARROLL WATER SYSTEM INC (EIN 721081169) - 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

Principal Officer

DAVID FORTENBERRY

Phone

3185592672

Tax Period

2024-01-01 to 2024-12-31

EAST CARROLL WATER SYSTEM INC, founded in 1986, is a small nonprofit that reported $555K in total revenue in fiscal year 2024. The organization ran a surplus of $132K, a strong 24% operating margin.

Mission

PROVIDE WATER SERVICE TO ITS MEMBERS.

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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 $544,714

Investment Income $9,856

Other Revenue $0

TOTAL REVENUE $554,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,340

Fundraising Expenses $0

Program Expenses $301,197

Other Expenses $402,626

TOTAL EXPENSES $422,966

Year-over-Year Comparison

	2024	2023	Change
Revenue	$554,570	$550,270	+0.0%
Expenses	$422,966	$476,481	-0.1%
Net Income	$131,604	$73,789	+0.8%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID FORTENBERRY	PRESIDENT	015.00	Officer Director	$0	$0	$0
JAMES DAVID BASS	VICE PRESIDENT	015.00	Officer Director	$0	$0	$0
RICK BATTON	DIRECTOR	015.00	Director	$0	$0	$0
TIM BRASWELL	DIRECTOR	015.00	Director	$0	$0	$0
EARL K FORTENBERRY	DIRECTOR	015.00	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	$554,570	$422,966	$1,242,253	$131,604
2023	$550,270	$476,481	$1,124,192	$73,789
2022	$552,934	$450,988	$1,070,274	$101,946
2021	$534,096	$533,294	$985,642	$802
2020	$516,786	$474,144	$1,011,389	$42,642
2019	$498,303	$490,871	$976,291	$7,432
2018	$504,107	$479,905	$997,638	$24,202

EAST CARROLL WATER SYSTEM INC