MORGAN MILL WATER SUPPLY CORP (EIN 751293177) - 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

1972

Legal Domicile

Principal Officer

ROBERT SEABOURN

Phone

2545490024

Tax Period

2024-01-01 to 2024-12-31

MORGAN MILL WATER SUPPLY CORP, founded in 1972, is a small nonprofit that reported $158K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

FURNISH WATER TO RURAL COMMUNITY

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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 $157,998

Investment Income $0

Other Revenue $436

TOTAL REVENUE $158,434

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $146,858

Other Expenses $158,718

TOTAL EXPENSES $158,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$158,434	$119,312	+0.3%
Expenses	$158,718	$163,592	0.0%
Net Income	$-284	$-44,280	-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
MELISSA BOSTOCK	SEC/TREASURE	1.00	Officer Director	$0	$0	$0
JAMES GILLIS	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON HOGAN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LINDA SAUPP	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT SEABOURN	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDREW TAYLOR	BOARD MEMBER	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	$158,434	$158,718	$278,760	$-284
2023	$119,312	$163,592	$277,930	$-44,280
2022	$132,932	$133,342	$318,752	$-410
2021	$119,291	$130,119	$319,126	$-10,828
2020	$113,961	$116,945	$339,295	$-2,984
2019	$108,268	$108,366	$332,427	$-98
2018	$121,086	$98,337	$330,745	$22,749

MORGAN MILL WATER SUPPLY CORP