HASKELL COUNTY WATER COMPANY (EIN 730785146) - 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

1968

Legal Domicile

Phone

9187995575

Tax Period

2023-10-01 to 2024-09-30

HASKELL COUNTY WATER COMPANY, founded in 1968, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 9% surplus.

Mission

THE SOLE MISSION OF THE COMPANY IS TO PROVIDE POTABLE WATER AT AFFORDABLE RATES TO IT'S RURAL MEMBERSHIP. THE MEMBERS PAY THE COMPANY BASED ON THE AMOUNT OF WATER CONSUMED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $500

Program Service Revenue $1,845,918

Investment Income $4,300

Other Revenue $0

TOTAL REVENUE $1,850,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $582,596

Fundraising Expenses $0

Program Expenses $1,615,828

Other Expenses $1,100,737

TOTAL EXPENSES $1,683,333

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,850,718	$1,669,059	+0.1%
Expenses	$1,683,333	$1,430,805	+0.2%
Net Income	$167,385	$238,254	-0.3%

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

$134,897

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE HARMON	Executive Dir.	45.00	Officer	$81,925	$0	$81,925
MARY QUICK	Controller	32.00	Officer	$52,972	$0	$52,972
COY FEW	Trustee	2.00	Director	$0	$0	$0
MARY KILCREASE	Trustee	2.00	Director	$0	$0	$0
KENNETH KING	Chairman	2.00	Director	$0	$0	$0
ALAN MILLER	Trustee	2.00	Director	$0	$0	$0
DOYLE WAGNON	Secretary	2.00	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	$1,850,718	$1,683,333	$4,954,085	$167,385
2023	$1,669,059	$1,430,805	$4,721,878	$238,254
2022	$1,477,765	$1,457,749	$4,488,856	$20,016
2021	$1,426,430	$1,339,553	$4,864,302	$86,877
2020	$1,423,120	$1,248,973	$4,773,992	$174,147
2019	$1,383,936	$1,216,690	$4,622,738	$167,246

HASKELL COUNTY WATER COMPANY