WALSTON SPRINGS WATER SUPPLY CORP (EIN 751188498) - 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

DAN GLENN

Phone

9037294236

Tax Period

2024-01-01 to 2024-12-31

WALSTON SPRINGS WATER SUPPLY CORP, founded in 1964, is a small nonprofit that reported $934K in total revenue in fiscal year 2024. The organization ran a surplus of $162K, a strong 17% operating margin.

Mission

PROVIDE WATER 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $873,771

Investment Income $60,042

Other Revenue $0

TOTAL REVENUE $933,813

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,308

Fundraising Expenses $0

Program Expenses $554,951

Other Expenses $579,629

TOTAL EXPENSES $771,937

Year-over-Year Comparison

	2024	2023	Change
Revenue	$933,813	$979,824	0.0%
Expenses	$771,937	$744,032	+0.0%
Net Income	$161,876	$235,792	-0.3%

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
DAN GLENN	PRESIDENT	5.00	Officer	$0	$0	$0
MARK HENDERSON	VICE PRESIDENT	5.00	Officer	$0	$0	$0
ERIC EVANS	DIRECTOR	5.00	Officer	$0	$0	$0
CHARLES MCCULLOUGH	DIRECTOR	5.00	Officer	$0	$0	$0
WALTER CHAFFIN	DIRECTOR	5.00	Officer	$0	$0	$0
DAVID METTAUER	TREASURER/SECRETARY	5.00	Officer	$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	$933,813	$771,937	$4,353,182	$161,876
2023	$979,824	$744,032	$4,188,008	$235,792
2022	$1,006,877	$687,636	$3,941,731	$319,241
2021	$818,861	$559,227	$3,715,755	$259,634
2020	$776,726	$609,164	$3,336,517	$167,562
2019	$667,740	$586,123	$3,280,845	$81,617
2018	$706,066	$600,845	$3,140,743	$105,221

WALSTON SPRINGS WATER SUPPLY CORP