SHERIDAN WATER SUPPLY CORPORATION (EIN 741892173) - 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

1964

Legal Domicile

Principal Officer

REGENA WILLIAMSON

Phone

9792347422

Tax Period

2023-01-01 to 2023-12-31

SHERIDAN WATER SUPPLY CORPORATION, founded in 1964, is a small nonprofit that reported $487K in total revenue in fiscal year 2023. Expenses of $542K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDING PUBLIC WATER & SEWER SERVICE

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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 $484,547

Investment Income $894

Other Revenue $1,548

TOTAL REVENUE $486,989

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,014

Fundraising Expenses $0

Other Expenses $413,363

TOTAL EXPENSES $542,377

Year-over-Year Comparison

	2023	2022	Change
Revenue	$486,989	$476,352	+0.0%
Expenses	$542,377	$482,550	+0.1%
Net Income	$-55,388	$-6,198	+7.9%

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

Volunteers

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

$118,974

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REGENA WILLIAMSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
ALLEN TENGLER	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
VERNITA DOPSLAUF	SECRETARY-TREASURER	1.00	Officer Director	$0	$0	$0
ALLEN KLOSS	DIRECTOR	0.50	Director	$0	$0	$0
FRANKLIN WALKER	DIRECTOR	0.50	Director	$0	$0	$0
MISTY SANDERS	KEY EMPLOYEE	40.00	Key Emp	$43,673	$0	$43,673
MICHAEL BEYETTE	KEY EMPLOYEE	40.00	Key Emp	$75,301	$0	$75,301

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	No data	No data	No data	No data
2023	$486,989	$542,377	$2,178,314	$-55,388
2022	$476,352	$482,550	$2,265,712	$-6,198
2021	$329,766	$412,683	$2,235,827	$-82,917
2020	$258,199	$314,219	$2,347,688	$-56,020
2019	$258,281	$284,623	$1,805,188	$-26,342
2018	$236,968	$243,294	$904,183	$-6,326

SHERIDAN WATER SUPPLY CORPORATION