WOODBINE WATER SUPPLY CORPORATION

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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

1968

Legal Domicile

Principal Officer

MIKE HINES

Phone

9406688337

Tax Period

2019-01-01 to 2019-12-31

WOODBINE WATER SUPPLY CORPORATION, founded in 1968, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2019. Revenue decreased 8% compared to the prior year. Expenses of $1.5M left a modest 12% surplus.

Mission

THE CORPORATION PROVIDES POTABLE WATER TO ITS MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $1,465,867 Revenue: $1,661,765

SALARIES AND BENEFITS TO PROVIDE WAGES TO THE EMPLOYEES SO THE DISTRICT MAY PROVIDE POTABLE WATER TO ITS MEMBERS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,635,227

Investment Income $26,538

Other Revenue $0

TOTAL REVENUE $1,661,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $633,742

Fundraising Expenses $0

Program Expenses $1,465,867

Other Expenses $832,125

TOTAL EXPENSES $1,465,867

Year-over-Year Comparison

	2019	2018	Change
Revenue	$1,661,765	$1,811,154	-0.1%
Expenses	$1,465,867	$1,426,424	+0.0%
Net Income	$195,898	$384,730	-0.5%

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
MIKE HINES	PRESIDENT	1.00	Officer Director	$0	$0	$0
VERNON DUGGER	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
BOB SMITH	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
KENNY WILSON	DIRECTOR	1.00	Director	$0	$0	$0
WRAY WESTBROOK	DIRECTOR	1.00	Director	$0	$0	$0
MIKE COMPTON	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD HICKS	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
2019	$1,661,765	$1,465,867	$6,340,206	$195,898
2018	$1,811,154	$1,426,424	$6,125,827	$384,730