CHATFIELD WATER SUPPLY CORPORATION (EIN 751320972) - 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

GARY BERRY

Phone

9033453463

Tax Period

2024-01-01 to 2024-12-31

CHATFIELD WATER SUPPLY CORPORATION, founded in 1967, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. The organization ran a surplus of $395K, a strong 17% operating margin.

Mission

TO PROVIDE WATER SERVICE TO A RURAL AREA

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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 $9,181

Program Service Revenue $2,263,533

Investment Income $40,117

Other Revenue $0

TOTAL REVENUE $2,312,831

Expense Breakdown

Grants Paid $7,700

Salaries & Benefits $546,067

Fundraising Expenses $0

Program Expenses $1,647,714

Other Expenses $1,364,473

TOTAL EXPENSES $1,918,240

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,312,831	$2,177,657	+0.1%
Expenses	$1,918,240	$1,854,215	+0.0%
Net Income	$394,591	$323,442	+0.2%

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
GARY BERRY	PRESIDENT	1.00	Officer Director	$0	$0	$0
CLAY JACKSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RON BUCKLEY	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
THOMAS HILL	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE COTTEN	DIRECTOR	1.00	Director	$0	$0	$0
RITA WEST	DIRECTOR	1.00	Director	$0	$0	$0
DARRELL COBB	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	$2,312,831	$1,918,240	$5,360,894	$394,591
2023	$2,177,657	$1,854,215	$5,189,953	$323,442
2022	$2,149,925	$1,857,331	$4,936,958	$292,594
2021	$1,712,722	$1,592,747	$4,757,626	$119,975
2020	$1,667,208	$1,417,687	$4,821,357	$249,521
2019	$1,608,132	$1,348,027	$4,610,443	$260,105
2018	$1,316,395	$1,315,289	$4,482,661	$1,106

CHATFIELD WATER SUPPLY CORPORATION