SALEM-ELM RIDGE WATER SUPPLY CORPORATION (EIN 741884622) - 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

DOUG KUNKEL

Phone

2546974016

Tax Period

2025-01-01 to 2025-12-31

SALEM-ELM RIDGE WATER SUPPLY CORPORATION, founded in 1967, is a small nonprofit that reported $592K in total revenue in fiscal year 2025.

Mission

PROVIDE A POTABLE WELL WATER UTILITY SERVICE TO ABOUT 468 RURAL MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $583,367

Investment Income $8,364

Other Revenue $0

TOTAL REVENUE $591,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $603,229

Other Expenses $603,229

TOTAL EXPENSES $603,229

Year-over-Year Comparison

	2025	2024	Change
Revenue	$591,731	$582,036	+0.0%
Expenses	$603,229	$569,016	+0.1%
Net Income	$-11,498	$13,020	-1.9%

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
CLAY BARTON	DIRECTOR	1.00	Director	$0	$0	$0
FRANKLIN GLASER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ANTON KLECKA	DIRECTOR	1.00	Director	$0	$0	$0
DOUG KUNKEL	PRESIDENT	1.00	Officer Director	$0	$0	$0
HOLLIS LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RINN	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
JANET SHEGUIT	DIRECTOR	1.00	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	$591,731	$603,229	$1,529,747	$-11,498
2024	$582,036	$569,016	$1,517,532	$13,020
2023	$560,142	$539,489	$1,504,106	$20,653
2022	$567,374	$524,702	$1,513,477	$42,672
2021	$475,175	$418,445	$1,479,003	$56,730
2020	$449,132	$422,957	$1,440,280	$26,175
2019	$454,992	$430,791	$1,424,814	$24,201
2018	$460,552	$402,592	$1,407,377	$57,960

SALEM-ELM RIDGE WATER SUPPLY CORPORATION