BOLIVAR WATER SUPPLY CORPORATION (EIN 751364002) - 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

1969

Legal Domicile

Phone

9404583931

Tax Period

2024-01-01 to 2024-12-31

BOLIVAR WATER SUPPLY CORPORATION, founded in 1969, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 35% operating margin.

Mission

RURAL WATER SUPPLY

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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 $5,101,081

Investment Income $542,020

Other Revenue $129,100

TOTAL REVENUE $5,772,201

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,339,943

Fundraising Expenses $0

Program Expenses $3,779,435

Other Expenses $2,439,492

TOTAL EXPENSES $3,779,435

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,772,201	$4,737,790	+0.2%
Expenses	$3,779,435	$3,433,131	+0.1%
Net Income	$1,992,766	$1,304,659	+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

$252,917

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES PARKMAN	CEO	40.00	Officer	$153,957	$0	$153,957
BRANDI BOGGS	CFO	40.00	Officer	$98,960	$0	$98,960
KEVIN KEMPLIN	President	2.00	Officer Director	$0	$0	$0
FREIDA ASHCRAFT	Secretary	2.00	Officer Director	$0	$0	$0
DL BOWLES	Director	2.00	Director	$0	$0	$0
KIM MARKEL	Vice President	2.00	Officer Director	$0	$0	$0
SAMMY RIPPEY	Director	2.00	Director	$0	$0	$0
CHAD CORBIN	Director	2.00	Director	$0	$0	$0
MIKE PRATER	Director	2.00	Director	$0	$0	$0
KENT CRUTSINGER	Director	2.00	Director	$0	$0	$0
MITCHELL ERWIN	Director	2.00	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	$5,772,201	$3,779,435	$25,843,876	$1,992,766
2023	$4,737,790	$3,433,131	$23,352,262	$1,304,659
2022	$5,743,234	$3,476,090	$20,596,592	$2,267,144
2021	$4,931,717	$3,149,048	$19,825,666	$1,782,669
2020	$3,129,799	$2,601,464	$17,984,288	$528,335
2019	$2,817,282	$2,378,519	$17,099,088	$438,763
2018	$3,305,564	$2,162,319	$15,688,870	$1,143,245

BOLIVAR WATER SUPPLY CORPORATION