ELMORE CITY RURAL WATER CORPORATION (EIN 731013203) - 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

1971

Legal Domicile

Principal Officer

TERRY RICHARDSON

Tax Period

2024-01-01 to 2024-12-31

ELMORE CITY RURAL WATER CORPORATION, founded in 1971, is a small nonprofit that reported $601K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $532K left a modest 11% surplus.

Mission

TO PROVIDE FOR THE USE AND BENEFIT OF ITS MEMBERS, A WATERWORKS AND DISTRIBUTION SYSTEM

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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 $594,239

Investment Income $6,552

Other Revenue $0

TOTAL REVENUE $600,791

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,248

Fundraising Expenses $0

Program Expenses $531,954

Other Expenses $451,706

TOTAL EXPENSES $531,954

Year-over-Year Comparison

	2024	2023	Change
Revenue	$600,791	$542,284	+0.1%
Expenses	$531,954	$476,134	+0.1%
Net Income	$68,837	$66,150	+0.0%

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	Role	Reportable Comp	Other Comp	Total
TRACI TREAT	MEMBER	Director	$0	$0	$0
KENNETH HERROD	MEMBER	Director	$0	$0	$0
TERRY RICHARDSON	CHAIRMAN	Officer	$0	$0	$0
DAVID CHAPMAN Jr	VICE CHAIRMAN	Officer	$0	$0	$0
JAY EARP	TREASURERSECRETARY	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	$600,791	$531,954	$1,845,466	$68,837
2023	$542,284	$476,134	$1,800,183	$66,150
2022	$532,057	$480,526	$1,756,411	$51,531
2021	$511,391	$456,469	$1,788,377	$54,922
2020	$518,959	$389,633	$1,751,310	$129,326

ELMORE CITY RURAL WATER CORPORATION