Armstrong Water Supply Corporation (EIN 742034270) - 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

Bill Wheeler

Phone

2546572429

Tax Period

2024-10-01 to 2025-09-30

Armstrong Water Supply Corporation, founded in 1967, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 3% surplus.

Mission

Provide potable water to a rural area w/ about 1,150 connections.

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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 $1,621,372

Investment Income $28,533

Other Revenue $0

TOTAL REVENUE $1,649,905

Expense Breakdown

Grants Paid $0

Salaries & Benefits $304,888

Fundraising Expenses $0

Program Expenses $1,394,620

Other Expenses $1,295,411

TOTAL EXPENSES $1,600,299

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,649,905	$1,476,877	+0.1%
Expenses	$1,600,299	$1,493,320	+0.1%
Net Income	$49,606	$-16,443	-4.0%

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

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
Jerry Hawthorne	President	1.00	Officer Director	$0	$0	$0
Bill Wheeler	Vice President	1.00	Officer Director	$0	$0	$0
Robert Gaines	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Michael Moon	Director	1.00	Director	$0	$0	$0
Geraldyne Johnson	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	$1,649,905	$1,600,299	$3,349,812	$49,606
2024	$1,476,877	$1,493,320	$3,308,065	$-16,443
2023	$1,266,467	$1,358,508	$3,383,560	$-92,041
2022	$1,273,370	$1,348,606	$3,567,246	$-75,236
2021	$1,378,793	$1,116,675	$3,719,601	$262,118
2020	$1,030,385	$1,073,755	$3,505,073	$-43,370
2019	$985,630	$1,026,224	$3,626,704	$-40,594
2018	$1,176,040	$1,102,704	$3,727,853	$73,336

Armstrong Water Supply Corporation