North Hardin Water Supply Corp (EIN 741610268) - 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

1965

Legal Domicile

Principal Officer

Kenneth Baldwin

Phone

4093857355

Tax Period

2024-09-01 to 2025-08-31

North Hardin Water Supply Corp, founded in 1965, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. The organization ran a surplus of $317K, a strong 17% operating margin.

Mission

To supply clean reliable water at an affordable price to individuals and businesses located in a rural environment who elect to become members of the corporation.

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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 $1,830,041

Investment Income $71,349

Other Revenue $7,817

TOTAL REVENUE $1,909,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $784,749

Fundraising Expenses $0

Program Expenses $937,346

Other Expenses $807,189

TOTAL EXPENSES $1,591,938

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,909,207	$1,962,768	0.0%
Expenses	$1,591,938	$1,587,900	+0.0%
Net Income	$317,269	$374,868	-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	Role	Reportable Comp	Other Comp	Total
Kenneth Baldwin	President	Officer Director	$0	$0	$0
Christi Bergstrom	Vice President	Officer Director	$0	$0	$0
Greg Bertling	Secretary/Treas	Officer Director	$0	$0	$0
Cara Barron	Director	Director	$0	$0	$0
Jason Cooper	Director	Director	$0	$0	$0
James Johnson	Director	Director	$0	$0	$0
Douglas Allen	Director	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	$1,909,207	$1,591,938	$6,929,199	$317,269
2024	$1,962,768	$1,587,900	$6,618,903	$374,868
2023	$1,856,324	$1,657,056	$6,325,616	$199,268
2022	$1,707,510	$1,580,125	$6,387,502	$127,385
2021	$1,750,408	$1,494,116	$6,553,061	$256,292
2020	$1,784,305	$1,607,628	$6,599,453	$176,677
2019	$1,637,769	$1,483,060	$6,626,875	$154,709
2018	$1,582,796	$1,405,665	$6,737,531	$177,131

North Hardin Water Supply Corp