SPRINGS HILL WATER SUPPLY CORP (EIN 741610511) - 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

1967

Legal Domicile

Principal Officer

MICHAEL ANDREWS

Phone

8303797683

Tax Period

2024-01-01 to 2024-12-31

SPRINGS HILL WATER SUPPLY CORP, founded in 1967, is a mid-sized nonprofit that reported $14.2M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.4M, a strong 45% operating margin.

Mission

RURAL WATER SUPPLY 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 $252,747

Investment Income $416,633

Other Revenue $13,497,112

TOTAL REVENUE $14,166,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,104,328

Fundraising Expenses $0

Program Expenses $7,805,502

Other Expenses $5,701,174

TOTAL EXPENSES $7,805,502

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,166,492	$12,273,886	+0.2%
Expenses	$7,805,502	$7,350,588	+0.1%
Net Income	$6,360,990	$4,923,298	+0.3%

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

$176,000

Total Directors

$176,725

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES MARTIN	PRESIDENT	2.00	Officer Director	$1,025	$0	$1,025
BERNARD MUELLER	VICE PRESIDE	2.00	Officer Director	$1,025	$0	$1,025
MICHAEL ANDREWS	SECRETRY/GEN	40.00	Officer Director	$165,538	$7,462	$173,000
DEBORAH MAGIN	ASSISTANT SE	2.00	Officer Director	$950	$0	$950
RANDALL SMITH	DIRECTOR	2.00	Director	$725	$0	$725

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	$14,166,492	$7,805,502	No data	$6,360,990
2023	$12,273,886	$7,350,588	$46,377,251	$4,923,298
2022	$10,369,764	$6,672,472	$41,969,334	$3,697,292
2021	$9,616,951	$5,621,148	$37,314,474	$3,995,803
2020	$8,818,508	$5,010,474	$33,358,481	$3,808,034
2019	$6,028,162	$4,621,857	$29,312,774	$1,406,305
2018	$5,197,115	$4,452,093	$27,765,061	$745,022

SPRINGS HILL WATER SUPPLY CORP