HOLLAND QUARTERS WATER SUPPLY CORPORATION (EIN 751412525) - 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

1965

Legal Domicile

Phone

9034079149

Tax Period

2023-01-01 to 2023-12-31

HOLLAND QUARTERS WATER SUPPLY CORPORATION, founded in 1965, is a small nonprofit that reported $265K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $321K exceeded revenue, resulting in a 21% operating deficit.

Mission

Provide rural community with water services.

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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 $262,048

Investment Income $2,494

Other Revenue $0

TOTAL REVENUE $264,542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,429

Fundraising Expenses $0

Program Expenses $0

Other Expenses $282,425

TOTAL EXPENSES $320,854

Year-over-Year Comparison

	2023	2022	Change
Revenue	$264,542	$235,317	+0.1%
Expenses	$320,854	$315,135	+0.0%
Net Income	$-56,312	$-79,818	-0.3%

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
Patsy Groves	Member	1.00	Director	$0	$0	$0
Ashley Brooks	Member	1.00	Director	$0	$0	$0
Milford Groves	President	1.00	Officer	$0	$0	$0
Paul Ritter	Vice President	1.00	Officer	$0	$0	$0
Dennis Penner	Secretary/Treasurer	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	$264,542	$320,854	$411,049	$-56,312
2022	$235,317	$315,135	$487,891	$-79,818
2021	$201,728	$245,664	$599,484	$-43,936
2020	$205,804	$244,525	$660,669	$-38,721

HOLLAND QUARTERS WATER SUPPLY CORPORATION