NORTH HOPKINS WATER SUPPLY CORPORATION (EIN 751304354) - 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

1966

Legal Domicile

Principal Officer

CHARLES ASKINS

Phone

9039452619

Tax Period

2024-01-01 to 2024-12-31

NORTH HOPKINS WATER SUPPLY CORPORATION, founded in 1966, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $2.7M left a modest 15% surplus.

Mission

WE ARE COMMITTED TO PROVIDING SAFE, HIGH QUALITY WATER SERVICES TO OUR COMMUNITY, WHILE MAINTAINING A STANDARD OF EXCELLENCE IN CUSTOMER SERVICE AND ENVIRONMENTAL CONSERVATION.

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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 $3,033,146

Investment Income $67,432

Other Revenue $22,112

TOTAL REVENUE $3,122,690

Expense Breakdown

Grants Paid $0

Salaries & Benefits $539,894

Fundraising Expenses $0

Program Expenses $2,380,936

Other Expenses $2,115,784

TOTAL EXPENSES $2,655,678

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,122,690	$2,328,527	+0.3%
Expenses	$2,655,678	$2,343,440	+0.1%
Net Income	$467,012	$-14,913	-32.3%

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

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
DAVID JAMES	Director	1.00	Director	$0	$0	$0
RANDY RUSHIN	Director	1.00	Director	$0	$0	$0
CHARLES ASKINS	President	1.00	Officer Director	$0	$0	$0
JK BASSHAM	Director	1.00	Director	$0	$0	$0
BILLY MOBLEY	Director	1.00	Director	$0	$0	$0
WILLIAM DUBBY HENTON	Vice President	1.00	Officer Director	$0	$0	$0
JASON VAUGHN	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	$3,122,690	$2,655,678	$4,412,827	$467,012
2023	$2,328,527	$2,343,440	$3,997,497	$-14,913
2022	$2,027,972	$2,131,540	$4,035,280	$-103,568
2021	$1,878,661	$1,687,086	$4,166,946	$191,575
2020	$1,752,841	$1,609,338	$4,008,282	$143,503
2019	$1,571,611	$1,599,176	$3,893,302	$-27,565

NORTH HOPKINS WATER SUPPLY CORPORATION