LEE COUNTY WATER SUPPLY CORP (EIN 741692817) - 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

RONALD ZOCH

Phone

9795426213

Tax Period

2023-10-01 to 2024-09-30

LEE COUNTY WATER SUPPLY CORP, founded in 1971, is a community nonprofit that reported $6.6M in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.1M, a strong 47% operating margin.

Mission

THE ORGANIZATION WAS ESTABLISHED TO PROVIDE ITS MEMBERS AN ADEQUATE SOURCE OF CLEAN AND SAFE WATER. THE ENTITY SERVES ANY PARTY IN RURAL AREAS WHERE THERE IS NO OTHER SOURCE OF CLEAN SAFE WATER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,295,312

Investment Income $105,381

Other Revenue $2,195,055

TOTAL REVENUE $6,595,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,171,752

Fundraising Expenses $0

Program Expenses $2,835,919

Other Expenses $2,354,616

TOTAL EXPENSES $3,526,368

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,595,748	$4,001,757	+0.6%
Expenses	$3,526,368	$3,368,441	+0.0%
Net Income	$3,069,380	$633,316	+3.8%

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
RONALD ZOCH	PRESIDENT	N/A	Officer	$0	$0	$0
RICKY WASHINGTON	VICE PRESIDE	N/A	Officer	$0	$0	$0
GARY BECKER	SECRETARY/TR	N/A	Officer	$0	$0	$0
MARY ANN RUCKER	DIRECTOR	N/A	Director	$0	$0	$0
SYLVIN MERSIOVSKY	DIRECTOR	N/A	Director	$0	$0	$0
PAUL TUCKER	DIRECTOR	N/A	Director	$0	$0	$0
RON KAISER	DIRECTOR	N/A	Director	$0	$0	$0
MICKEY DEHART	DIRECTOR	N/A	Director	$0	$0	$0
LARRY CHABERT	DIRECTOR	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
2024	$6,595,748	$3,526,368	$27,803,917	$3,069,380
2023	$4,001,757	$3,368,441	$25,310,518	$633,316
2022	$4,223,391	$3,111,221	$24,786,603	$1,112,170
2021	$3,404,928	$3,065,041	$24,141,503	$339,887
2020	$3,207,907	$3,002,915	$23,991,016	$204,992
2019	$3,733,410	$3,065,375	$23,776,759	$668,035
2018	$2,790,168	$2,848,251	$22,818,001	$-58,083

LEE COUNTY WATER SUPPLY CORP