Bowlegs Lima Rural Water District (EIN 730802479) - 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

1970

Phone

4053984469

Tax Period

2024-11-01 to 2025-10-31

Bowlegs Lima Rural Water District, founded in 1970, is a small nonprofit that reported $682K in total revenue in fiscal year 2024. Expenses of $630K left a modest 8% surplus.

Mission

Provide potable water to users

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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 $607,856

Investment Income $41,884

Other Revenue $31,978

TOTAL REVENUE $681,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $237,254

Fundraising Expenses $0

Other Expenses $392,604

TOTAL EXPENSES $629,858

Year-over-Year Comparison

	2024	2023	Change
Revenue	$681,718	$679,869	+0.0%
Expenses	$629,858	$571,184	+0.1%
Net Income	$51,860	$108,685	-0.5%

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
John Reeves	Director	1.00	Director	$0	$0	$0
Joseph Follett	Director	1.00	Director	$0	$0	$0
Bobby Friend	Chairman	1.00	Officer	$0	$0	$0
James Cook	Vice Chairman	1.00	Officer	$0	$0	$0
Monty Yerby	Secretary	1.00	Officer	$0	$0	$0
Cathy Werner	General Manager	40.00		$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	$681,718	$629,858	$2,927,736	$51,860
2024	$679,869	$571,184	$2,926,254	$108,685
2023	$764,014	$537,020	$2,787,402	$226,994
2022	$1,030,131	$500,107	$2,538,946	$530,024
2021	$535,851	$382,301	$2,010,209	$153,550
2020	$492,339	$384,691	$1,860,298	$107,648
2019	$439,946	$469,420	$1,752,277	$-29,474
2018	$451,168	$419,821	$1,781,275	$31,347

Bowlegs Lima Rural Water District