SOUTHERN OKLAHOMA WATER CORPORATION (EIN 730790077) - 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

1969

Legal Domicile

Principal Officer

GLEN JONES

Phone

5802238961

Tax Period

2024-01-01 to 2024-12-31

SOUTHERN OKLAHOMA WATER CORPORATION, founded in 1969, is a mid-sized nonprofit that reported $12.5M in total revenue in fiscal year 2024. Revenue surged 129% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.2M, a strong 58% operating margin.

Mission

SOUTHERN OKLAHOMA WATER CORPORATION WAS FOUNDED AS AN EXEMPT ORGANIZATION FOR THE SOLE PURPOSE OF PROVIDING A PUBLIC DISTRIBUTION SYSTEM OF SAFE CLEAN DRINKING WATER.

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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 $6,439,918

Program Service Revenue $5,710,116

Investment Income $190,806

Other Revenue $206,033

TOTAL REVENUE $12,546,873

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,576,110

Fundraising Expenses $0

Program Expenses $4,118,296

Other Expenses $3,740,450

TOTAL EXPENSES $5,316,560

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,546,873	$5,481,534	+1.3%
Expenses	$5,316,560	$4,873,411	+0.1%
Net Income	$7,230,313	$608,123	+10.9%

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

N/A

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

$134,219

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLEN JONES	CHAIRMAN	0.00	Officer Director	$0	$0	$0
LEWIS HOPE	VICE CHAIRMAN	0.00	Officer Director	$0	$0	$0
LONNIE STEWART	MEMBER	0.00	Director	$0	$0	$0
JACOB TYNES	MEMBER AT LARGE	0.00	Director	$0	$0	$0
TROY DUKE	SECRETARY/ TREASURER	0.00	Officer Director	$0	$0	$0
DENICE HALSTIED	MEMBER	0.00	Director	$0	$0	$0
HOLLY	BLACK	0.00	Director	$0	$0	$0
ROGER DETHLOFF	GENERAL MANAGER	40.00	Key Emp	$134,219	$0	$134,219

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	$12,546,873	$5,316,560	$24,711,947	$7,230,313
2023	$5,481,534	$4,873,411	$17,889,420	$608,123
2021	$4,300,643	$3,294,582	$15,680,798	$1,006,061
2020	$4,313,790	$3,526,128	$14,683,996	$787,662
2019	$3,396,999	$2,867,211	$14,213,512	$529,788
2018	$3,996,833	$2,652,605	$13,684,996	$1,344,228

SOUTHERN OKLAHOMA WATER CORPORATION