CADE LAKES WATER SUPPLY CORPORATION (EIN 742686955) - 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

1989

Legal Domicile

Principal Officer

ROBERT MILLSAPS

Phone

5128943322

Tax Period

2023-01-01 to 2023-12-31

CADE LAKES WATER SUPPLY CORPORATION, founded in 1989, is a small nonprofit that reported $444K in total revenue in fiscal year 2023. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $113K, a strong 25% operating margin.

Mission

TO PROVIDE WATER SERVICES TO MEMBERS/ CUSTOMERS

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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 $144,048

Program Service Revenue $299,408

Investment Income $632

Other Revenue $0

TOTAL REVENUE $444,088

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $330,949

TOTAL EXPENSES $330,949

Year-over-Year Comparison

	2023	2022	Change
Revenue	$444,088	$231,845	+0.9%
Expenses	$330,949	$175,489	+0.9%
Net Income	$113,139	$56,356	+1.0%

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

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
ROBERT MILLSAPS	PRESIDENT	1.00	Officer	$0	$0	$0
MICHAEL STAFFORD	VICE PRESIDE	1.00	Officer	$0	$0	$0
JERRY ASHLOCK	TREASURER	1.00	Officer	$0	$0	$0
LEGENIA MILLSAPS	SECRETARY	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$444,088	$330,949	$1,074,717	$113,139
2022	$231,845	$175,489	$856,994	$56,356
2021	$229,145	$199,576	$889,841	$29,569
2020	$177,864	$207,004	$860,021	$-29,140
2019	$153,949	$228,680	$867,336	$-74,731
2018	$148,954	$175,069	$917,700	$-26,115

CADE LAKES WATER SUPPLY CORPORATION