Blackjack Water Supply Corporation (EIN 751337646) - 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

1981

Legal Domicile

Principal Officer

Kenneth Welch

Phone

9039262159

Tax Period

2023-01-01 to 2023-12-31

Blackjack Water Supply Corporation, founded in 1981, is a small nonprofit that reported $219K in total revenue in fiscal year 2023. Expenses of $189K left a modest 14% surplus.

Mission

To provide safe and potable water to residents outside of municipal water systems.

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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 $215,844

Investment Income $2,721

Other Revenue $0

TOTAL REVENUE $218,565

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $188,636

TOTAL EXPENSES $188,636

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,565	$213,015	+0.0%
Expenses	$188,636	$177,983	+0.1%
Net Income	$29,929	$35,032	-0.1%

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

N/A

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
Kenneth Welch	President	2.00	Officer Director	$0	$0	$0
Eric Zaddock	Vice President	1.00	Officer Director	$0	$0	$0
Joe Ed Morris	Secretary	1.00	Officer Director	$0	$0	$0
Justin Cavitt	Treasurer	1.00	Officer Director	$0	$0	$0
Joe Taylor	Director	1.00	Officer	$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	$218,565	$188,636	$924,358	$29,929
2022	$213,015	$177,983	$909,612	$35,032
2021	$211,656	$165,368	$874,680	$46,288
2020	$198,976	$166,900	$828,325	$32,076
2019	$187,559	$155,852	$795,770	$31,707
2018	$194,188	$152,652	$762,765	$41,536

Blackjack Water Supply Corporation