TRI-WATER SYSTEM INC (EIN 721101102) - 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

1977

Legal Domicile

Phone

3183688877

Tax Period

2024-01-01 to 2024-12-31

TRI-WATER SYSTEM INC, founded in 1977, is a small nonprofit that reported $287K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $254K left a modest 11% surplus.

Mission

TO PROVIDE SAFE WATER SERVICE TO THE CUSTOMERS OF RURAL UNION PARISH

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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 $279,888

Investment Income $6,637

Other Revenue $0

TOTAL REVENUE $286,525

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,625

Fundraising Expenses $0

Program Expenses $253,886

Other Expenses $210,261

TOTAL EXPENSES $253,886

Year-over-Year Comparison

	2024	2023	Change
Revenue	$286,525	$470,193	-0.4%
Expenses	$253,886	$321,583	-0.2%
Net Income	$32,639	$148,610	-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

429

Independent Members

429

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
JIMMY CALDWELL	BOARD MEMBER	N/A	Director	$0	$0	$0
GEORGE KYLE	BOARD MEMBER	N/A	Director	$0	$0	$0
JAMES WICKER	BOARD MEMBER	N/A	Director	$0	$0	$0
SHIRLEY ROWELL	VICE-PRESIDE	N/A	Officer	$0	$0	$0
LORI WITHERS	PRESIDENT	N/A	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
2024	$286,525	$253,886	$501,405	$32,639
2023	$470,193	$321,583	$488,611	$148,610
2022	$289,011	$210,013	$479,732	$78,998
2021	$176,603	$171,431	$255,609	$5,172
2020	$197,773	$171,297	$262,903	$26,476
2019	$186,734	$213,377	$221,353	$-26,643
2018	$195,373	$214,674	$224,506	$-19,301

TRI-WATER SYSTEM INC