STAFF WATER SUPPLY CORPORATION (EIN 751414523) - 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

LARRY HERRINGTON

Phone

2546475133

Tax Period

2023-01-01 to 2023-12-31

STAFF WATER SUPPLY CORPORATION, founded in 1971, is a small nonprofit that reported $701K in total revenue in fiscal year 2023. Expenses of $673K left a modest 4% surplus.

Mission

PROVIDE POTABLE DRINKING WATER TO THE CORPORATION'S RURAL MEMBERSHIP

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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 $701,495

Investment Income $0

Other Revenue $0

TOTAL REVENUE $701,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $156,150

Fundraising Expenses $0

Program Expenses $612,654

Other Expenses $516,941

TOTAL EXPENSES $673,091

Year-over-Year Comparison

	2023	2022	Change
Revenue	$701,495	$671,146	+0.0%
Expenses	$673,091	$670,211	+0.0%
Net Income	$28,404	$935	+29.4%

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

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
LARRY HERRINGTON	PRESIDENT	1.00	Officer Director	$0	$0	$0
EARL DOGGETT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RODNEY SHELTON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
ZOLA GEORGE	DIRECTOR	1.00	Director	$0	$0	$0
MARK HENNIG	DIRECTOR	1.00	Director	$0	$0	$0
JAMES LITTLE	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN FORBES	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$701,495	$673,091	$2,255,130	$28,404
2022	$671,146	$670,211	$2,346,227	$935
2021	$670,970	$593,729	$2,321,773	$77,241
2020	$726,264	$577,550	$2,237,338	$148,714

STAFF WATER SUPPLY CORPORATION