STURDIVANT-PROGRESS WATER SUPPLY CORPORA (EIN 751220118) - 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

SCOTT ROYAL

Phone

9403256020

Tax Period

2024-01-01 to 2024-12-31

STURDIVANT-PROGRESS WATER SUPPLY CORPORA, founded in 1965, is a community nonprofit in the Public & Societal Benefit sector that reported $2.1M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.8M left a modest 14% surplus.

Mission

PROVIDE SAFE, POTABLE WATER AND SEWAGE SERVICES TO RESIDENTS SERVED BY STURDIVANT-PROGRESS WATER SYSTEM

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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 $2,079,055

Investment Income $13,780

Other Revenue $0

TOTAL REVENUE $2,092,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $341,276

Fundraising Expenses $0

Other Expenses $1,457,560

TOTAL EXPENSES $1,798,836

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,092,835	$1,928,156	+0.1%
Expenses	$1,798,836	$1,425,057	+0.3%
Net Income	$293,999	$503,099	-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
SCOTT ROYAL	President	5.00	Officer Director	$0	$0	$0
JEFF SMITH	Vice President	3.00	Officer Director	$0	$0	$0
PENNY SNOW	Secretary	2.00	Officer Director	$0	$0	$0
MIKE JOHNSON	Director	1.00	Director	$0	$0	$0
NATHAN BUSCHOW	Director	1.00	Director	$0	$0	$0
JEFF STOW	Director	1.00	Director	$0	$0	$0
STEVE BYROM	Director	1.00	Director	$0	$0	$0
SARAH HAHS	Director	1.00	Director	$0	$0	$0
SHAWN MCDOUGAL	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
2024	$2,092,835	$1,798,836	$2,475,603	$293,999
2023	$1,928,156	$1,425,057	$2,276,092	$503,099
2022	$1,368,039	$1,179,746	$1,730,091	$188,293
2021	$1,142,433	$1,071,506	$1,546,915	$70,927
2020	$1,086,053	$1,052,206	$1,459,673	$33,847
2019	$944,201	$919,385	$1,396,363	$24,816
2018	$965,554	$870,057	$1,368,513	$95,497

STURDIVANT-PROGRESS WATER SUPPLY CORPORA