North Cherokee Water Supply Corporation (EIN 751295202) - 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

1970

Legal Domicile

Principal Officer

Lottie Spraggins

Phone

9035395681

Tax Period

2023-01-01 to 2023-12-31

North Cherokee Water Supply Corporation, founded in 1970, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. The organization ran a surplus of $255K, a strong 18% operating margin.

Mission

Supply water to rural 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 $0

Program Service Revenue $1,434,752

Investment Income $16,162

Other Revenue $0

TOTAL REVENUE $1,450,914

Expense Breakdown

Grants Paid $0

Salaries & Benefits $288,938

Fundraising Expenses $0

Other Expenses $907,165

TOTAL EXPENSES $1,196,103

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,450,914	$1,369,796	+0.1%
Expenses	$1,196,103	$1,119,546	+0.1%
Net Income	$254,811	$250,250	+0.0%

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

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
Michael Ward Sr	Director	1.00	Director	$0	$0	$0
Hirlen Brooks	Director	1.00	Director	$0	$0	$0
James Tarrant	Vice President	1.00	Officer Director	$0	$0	$0
Sammy Grimes	President	1.00	Officer Director	$0	$0	$0
Bruce Rollins	Director	1.00	Director	$0	$0	$0
James Dorman	Sec/Treasurer	1.00	Officer Director	$0	$0	$0
Bryan McFarlin	Director	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	No data	No data	No data	No data
2023	$1,450,914	$1,196,103	$4,315,260	$254,811
2022	$1,369,796	$1,119,546	$4,051,047	$250,250
2021	$1,237,638	$904,095	$3,787,448	$333,543
2020	$1,192,008	$872,686	$3,671,840	$319,322
2019	$1,150,954	$827,909	$3,566,082	$323,045
2018	$1,172,371	$827,782	$3,446,071	$344,589

North Cherokee Water Supply Corporation