SOUTH ELLIS COUNTY WATER SUPPLY CORP (EIN 751294032) - 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

1967

Legal Domicile

Principal Officer

DWAIN KING

Phone

9724836885

Tax Period

2025-01-01 to 2025-12-31

SOUTH ELLIS COUNTY WATER SUPPLY CORP, founded in 1967, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2025. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

WE PROVIDED WATER SERVICE TO RURAL RESIDENTS AND BUSINESSES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $268,380

Program Service Revenue $1,507,740

Investment Income $24,881

Other Revenue $0

TOTAL REVENUE $1,801,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,470

Fundraising Expenses $0

Other Expenses $1,747,717

TOTAL EXPENSES $1,971,187

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,801,001	$1,271,673	+0.4%
Expenses	$1,971,187	$1,308,483	+0.5%
Net Income	$-170,186	$-36,810	+3.6%

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
DWAIN KING	PRESIDENT	0.00	Officer Director	$0	$0	$0
DAVID SEAY	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
BLAKE TAYLOR	SECRETARY/TREASURER	0.00	Officer Director	$0	$0	$0
CHARLEY DAVID	DIRECTOR	0.00	Director	$0	$0	$0
JOSH TREES	DIRECTOR	0.00	Director	$0	$0	$0
GREG ADCOCK	GENERAL MANAGER	N/A	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	$1,801,001	$1,971,187	$7,649,062	$-170,186
2024	$1,271,673	$1,308,483	$7,857,898	$-36,810
2023	$1,287,752	$1,494,091	$6,859,569	$-206,339
2022	$1,253,257	$979,856	$3,613,849	$273,401
2021	$1,163,667	$833,700	$3,414,686	$329,967
2020	$989,781	$633,225	$3,093,040	$356,556
2019	$1,362,292	$828,171	$2,176,261	$534,121
2018	$893,027	$745,236	$1,704,528	$147,791

SOUTH ELLIS COUNTY WATER SUPPLY CORP