EGAN WATER CORPORATION (EIN 721101062) - 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

Legal Domicile

Phone

3377882889

Tax Period

2024-06-01 to 2025-05-31

EGAN WATER CORPORATION is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024.

Mission

TO CONSTRUCT, MAINTAIN, AND OPERATE A WATER SYSTEM TO PROVIDE SERVICES TO RURAL AREAS SURROUNDING EGAN, LOUISIANA.

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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 $1,298,030

Investment Income $13,748

Other Revenue $0

TOTAL REVENUE $1,311,778

Expense Breakdown

Grants Paid $0

Salaries & Benefits $293,246

Fundraising Expenses $0

Program Expenses $1,363,154

Other Expenses $1,069,908

TOTAL EXPENSES $1,363,154

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,311,778	$1,262,964	+0.0%
Expenses	$1,363,154	$1,251,399	+0.1%
Net Income	$-51,376	$11,565	-5.4%

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

N/A

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
RAY LANTHIER	Director	0.00	Director	$0	$0	$0
ALBERT KIBODEAUX	Director	0.00	Director	$0	$0	$0
MARK FAUL	President	3.00	Director	$0	$0	$0
THOMAS R RICHARD	Director	0.00	Director	$0	$0	$0
WILLIAM OLIVER JR	Director	0.00	Director	$0	$0	$0
KENNETH M WEBB	Director	0.00	Officer	$0	$0	$0
JEFF MURRELL	Vice President	3.00	Officer	$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
2025	$1,311,778	$1,363,154	$5,928,144	$-51,376
2024	$1,262,964	$1,251,399	$6,154,304	$11,565
2023	$1,250,740	$1,372,509	$6,415,063	$-121,769
2022	$1,354,536	$1,393,249	$6,737,038	$-38,713
2021	$983,996	$1,097,363	$6,364,672	$-113,367
2020	$882,742	$1,151,184	$6,542,324	$-268,442
2019	$877,941	$1,043,025	$6,938,140	$-165,084

EGAN WATER CORPORATION