NAVARRO MILLS WATER SUPPLY CORP (EIN 751400377) - 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

1971

Legal Domicile

Principal Officer

JACOB CARTY

Phone

2545781618

Tax Period

2024-01-01 to 2024-12-31

NAVARRO MILLS WATER SUPPLY CORP, founded in 1971, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 14% surplus.

Mission

PROVIDE TREATED SURFACE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,633,627

Investment Income $36,093

Other Revenue $0

TOTAL REVENUE $1,669,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $362,122

Fundraising Expenses $0

Other Expenses $1,081,953

TOTAL EXPENSES $1,444,075

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,669,720	$1,339,402	+0.2%
Expenses	$1,444,075	$1,121,752	+0.3%
Net Income	$225,645	$217,650	+0.0%

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
BOBBY BLAND	DIRECTOR	4.00	Director	$0	$0	$0
LARRY BROWN	DIRECTOR	4.00	Director	$0	$0	$0
JACOB CARTY	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
JERRY DITMAN	DIRECTOR	4.00	Director	$0	$0	$0
RORY EVANS	DIRECTOR	4.00	Director	$0	$0	$0
SHERMAN PUTMAN	DIRECTOR	4.00	Director	$0	$0	$0
MARCUS REED	PRESIDENT	4.00	Officer Director	$0	$0	$0
GLYNN SAUNDERS	SECRETARY/TR	4.00	Officer 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	$1,669,720	$1,444,075	$3,910,180	$225,645
2023	$1,339,402	$1,121,752	$3,673,832	$217,650
2022	$1,354,869	$1,341,482	$3,442,007	$13,387
2021	$1,154,440	$1,038,917	$3,403,637	$115,523
2020	$1,031,287	$1,202,593	$3,307,781	$-171,306

NAVARRO MILLS WATER SUPPLY CORP