CARROLL 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

1965

Legal Domicile

Principal Officer

DARRELL ALVERSON

Phone

8179094056

Tax Period

2023-01-01 to 2023-12-31

CARROLL WATER SUPPLY CORPORATION, founded in 1965, is a small nonprofit that reported $531K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $128K, a strong 24% operating margin.

Mission

COMMUNITY WATER SERVICE TO MEMBERS

Program Service Accomplishments

Program 1

UTILITIES, OUTSIDE SERVICES AND PAID TO REPAIR, MAINTAIN AND IMPROVE THE WATER SYSTEMS OPERATIONS

Program 2

PROFESSIONAL FEES PAID TO ACCOUNTANT FOR MAINTAINING MONTHLY FINANCIAL RECORDS INCLUDING ACCOUNTS PAYABLE, ACCOUNTS RECEIVABLE AND PAYROLL.

Program 3

CONTRACT LABOR PAID TO MAINTAIN WATER LINES

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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 $518,799

Investment Income $12,114

Other Revenue $0

TOTAL REVENUE $530,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,027

Fundraising Expenses $0

Other Expenses $379,034

TOTAL EXPENSES $403,311

Year-over-Year Comparison

	2023	2022	Change
Revenue	$530,913	$465,078	+0.1%
Expenses	$403,311	$386,137	+0.0%
Net Income	$127,602	$78,941	+0.6%

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

510

Independent Members

506

Employees

Volunteers

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	Role	Reportable Comp	Other Comp	Total
DARRELL ALVERSON	SECRETARY	Director	$0	$0	$0
JASON PUGH	PRESIDENT	Officer Director	$0	$0	$0
GARY ROBERTS	VICE PRESIDENT	Officer Director	$0	$0	$0
JOHNNY THOMAS	PRESIDENT	Officer Director	$0	$0	$0
DEELA SMITH	TREASURER	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	No data	No data	No data	No data
2023	$530,913	$403,311	$2,122,675	$127,602
2022	$465,078	$386,137	$2,011,927	$78,941
2021	$425,380	$327,463	$1,948,934	$97,917
2020	$362,263	$258,689	$1,865,664	$103,574
2019	$298,078	$226,702	$1,772,250	$71,376
2018	$287,553	$232,468	$1,719,287	$55,085