MOFFAT WATER SUPPLY CORPORATION (EIN 741937977) - 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

1965

Legal Domicile

Principal Officer

DAMON BONIFACE

Phone

2549862457

Tax Period

2024-10-01 to 2025-09-30

MOFFAT WATER SUPPLY CORPORATION, founded in 1965, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Expenses of $2.0M left a modest 11% surplus.

Mission

PROVIDE POTABLE WATER UTILITY SERVICE TO ABOUT 1,807 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,094,065

Investment Income $122,993

Other Revenue $1,145

TOTAL REVENUE $2,218,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $489,230

Fundraising Expenses $0

Other Expenses $1,494,809

TOTAL EXPENSES $1,984,039

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,218,203	$2,151,161	+0.0%
Expenses	$1,984,039	$1,765,814	+0.1%
Net Income	$234,164	$385,347	-0.4%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BOCKHOLD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
PAUL CARR	DIRECTOR	1.00	Director	$0	$0	$0
GERRY COLLIER	DIRECTOR	1.00	Director	$0	$0	$0
RUSSEL COUFAL	PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS DEWITT MAYFIELD	SECRETARY/TR	1.00	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	$2,218,203	$1,984,039	$10,517,734	$234,164
2024	$2,151,161	$1,765,814	$10,233,606	$385,347
2023	$2,203,104	$1,809,263	$10,012,270	$393,841
2022	$2,167,599	$1,659,109	$9,467,203	$508,490
2021	$1,672,997	$1,387,187	$8,700,679	$285,810
2020	$1,701,719	$1,496,854	$8,567,500	$204,865
2019	$1,540,609	$1,246,229	$8,404,367	$294,380
2018	$1,719,180	$1,230,412	$4,852,757	$488,768

MOFFAT WATER SUPPLY CORPORATION