FLO COMMUNITY WATER SUPPLY CORPORATION (EIN 742254756) - 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

1977

Legal Domicile

Principal Officer

JACK HELMCAMP

Phone

9033224134

Tax Period

2023-10-01 to 2024-09-30

FLO COMMUNITY WATER SUPPLY CORPORATION, founded in 1977, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.4M left a modest 7% surplus.

Mission

PROVIDE POTABLE WATER UTILITY SERVICE TO 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,486,314

Investment Income $7,556

Other Revenue $0

TOTAL REVENUE $1,493,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $431,704

Fundraising Expenses $0

Program Expenses $1,343,609

Other Expenses $956,047

TOTAL EXPENSES $1,387,751

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,493,870	$1,521,471	0.0%
Expenses	$1,387,751	$1,337,202	+0.0%
Net Income	$106,119	$184,269	-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

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
JACK HELMCAMP	PRESIDENT	2.00	Officer Director	$0	$0	$0
GARY BELL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JULIA HALL	SEC/ TREASURER	1.00	Officer Director	$0	$0	$0
DW MULLINS	DIRECTOR	1.00	Director	$0	$0	$0
COLBERT PEARSON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GOOLSBY	DIRECTOR	1.00	Director	$0	$0	$0
RAY GRISSETT	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
2024	$1,493,870	$1,387,751	$5,703,181	$106,119
2023	$1,521,471	$1,337,202	$5,695,803	$184,269
2022	$1,453,122	$1,293,104	$5,659,351	$160,018
2021	$1,341,057	$1,221,810	$5,646,080	$119,247
2020	$1,278,315	$1,186,018	$5,597,655	$92,297
2019	$1,177,740	$1,181,554	$4,910,023	$-3,814
2018	$1,226,533	$1,135,156	$4,426,451	$91,377

FLO COMMUNITY WATER SUPPLY CORPORATION