NORGE WATER & SEWER CO INC (EIN 731037856) - 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

Principal Officer

DAVID MOYDELL

Phone

4052246243

Tax Period

2024-10-01 to 2025-09-30

NORGE WATER & SEWER CO INC, founded in 1968, is a small nonprofit that reported $268K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $237K left a modest 12% surplus.

Mission

TO PROVIDE POTABLE WATER TO 375 RURAL RESIDENTS.

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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 $252,437

Investment Income $15,263

Other Revenue $0

TOTAL REVENUE $267,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,567

Fundraising Expenses $0

Other Expenses $192,340

TOTAL EXPENSES $236,907

Year-over-Year Comparison

	2024	2023	Change
Revenue	$267,700	$238,085	+0.1%
Expenses	$236,907	$211,621	+0.1%
Net Income	$30,793	$26,464	+0.2%

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
DAVID MOYDELL	CHAIRMAN	N/A	Director	$0	$0	$0
GARY COX	VICE PRESIDE	N/A	Director	$0	$0	$0
CARLTON EISS	SECRETARY	N/A	Director	$0	$0	$0
ROGER BRADFORD	MEMBER	N/A	Director	$0	$0	$0
TRAVIS BEIL	MEMBER	N/A	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
2025	$267,700	$236,907	$1,154,902	$30,793
2024	$238,085	$211,621	$1,124,392	$26,464
2023	$223,280	$200,807	$1,097,985	$22,473
2022	$243,260	$220,149	$1,075,395	$23,111
2021	$214,311	$176,094	$1,052,341	$38,217
2020	$211,329	$149,012	$1,014,319	$62,317
2019	$244,942	$159,277	$952,159	$85,665
2018	$222,501	$149,824	$865,974	$72,677

NORGE WATER & SEWER CO INC