BRANDON-IRENE WATER SUPPLY CORP (EIN 741748014) - 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

1966

Legal Domicile

Principal Officer

JIMMY LEHMANN

Phone

2546324120

Tax Period

2024-02-01 to 2025-01-31

BRANDON-IRENE WATER SUPPLY CORP, founded in 1966, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE CORPORATION IS A RURAL WATER SUPPLY UTILITY CREATED TO PROVIDE WATER SERVICES TO ITS MEMBERS IN THE SURROUNDING AREA.

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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 $1,433,890

Investment Income $1,857

Other Revenue $0

TOTAL REVENUE $1,435,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $220,420

Fundraising Expenses $0

Program Expenses $1,187,439

Other Expenses $1,215,007

TOTAL EXPENSES $1,435,427

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,435,747	$1,319,774	+0.1%
Expenses	$1,435,427	$1,272,352	+0.1%
Net Income	$320	$47,422	-1.0%

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

N/A

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
JIMMY LEHMANN	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRIS FINCH	DIRECTOR	2.00	Director	$0	$0	$0
GARY KELM	V PRESIDENT	2.00	Officer Director	$0	$0	$0
KELLY CORDELL	DIRECTOR	2.00	Director	$0	$0	$0
MARK WILSON	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
JANET WALTERS	DIRECTOR/SAME MANAGER	2.00	Officer 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	$1,435,747	$1,435,427	$3,087,655	$320
2024	$1,319,774	$1,272,352	$3,178,458	$47,422
2023	$1,082,733	$1,247,895	$3,114,870	$-165,162
2022	$1,066,038	$1,014,553	$3,322,665	$51,485
2021	$773,917	$821,431	$3,121,455	$-47,514
2020	$716,182	$800,092	$3,162,091	$-83,910
2019	$943,558	$758,007	$3,310,000	$185,551

BRANDON-IRENE WATER SUPPLY CORP