SAPULPA RURAL WATER COMPANY (EIN 730744702) - 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

1963

Legal Domicile

Principal Officer

Steve McCormick

Phone

9182244974

Tax Period

2024-01-01 to 2024-12-31

SAPULPA RURAL WATER COMPANY, founded in 1963, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $2.0M left a modest 7% surplus.

Mission

Providing water service to approximately 2,400 rural customers

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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 $2,120,112

Investment Income $15,062

Other Revenue $0

TOTAL REVENUE $2,135,174

Expense Breakdown

Grants Paid $0

Salaries & Benefits $297,576

Fundraising Expenses $0

Program Expenses $1,977,992

Other Expenses $1,680,416

TOTAL EXPENSES $1,977,992

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,135,174	$1,908,640	+0.1%
Expenses	$1,977,992	$1,877,588	+0.1%
Net Income	$157,182	$31,052	+4.1%

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
Steve McCormick	PRESIDENT	003.00	Officer Director	$0	$0	$0
Ernie Roberts	V-PRESIDENT	002.00	Officer Director	$0	$0	$0
Ron Bock	SECRETARY	003.00	Officer Director	$0	$0	$0
Lawrence Charboneau	DIRECTOR	002.00	Director	$0	$0	$0
David Peters	DIRECTOR	002.00	Director	$0	$0	$0
Linda Daniels	Office Manager	040.00	Key Emp	$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	No data	No data	No data	No data
2024	$2,135,174	$1,977,992	$3,211,176	$157,182
2023	$1,908,640	$1,877,588	$3,131,912	$31,052
2022	$1,993,449	$1,953,758	$3,050,142	$39,691
2021	$1,875,858	$1,900,032	$3,017,285	$-24,174
2020	$1,886,536	$1,802,049	$3,038,375	$84,487
2019	$1,623,582	$1,681,172	$2,972,495	$-57,590
2018	$1,578,156	$1,690,243	$3,033,301	$-112,087

SAPULPA RURAL WATER COMPANY