Fouke 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

1960

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Fouke Water Supply Corporation, founded in 1960, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $532K, a strong 26% operating margin.

Mission

To provide potable water service to rural members which currently includes approximately 2500 active accounts

Program Service Accomplishments

Program 1

Expenses: $1,505,689

The organization serves approximately 2,500 residences and businesses in the rural area. They provide water to the members in the area that would otherwise not be available.

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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 $1,986,872

Investment Income $50,591

Other Revenue $0

TOTAL REVENUE $2,037,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $593,736

Fundraising Expenses $0

Program Expenses $1,505,689

Other Expenses $911,953

TOTAL EXPENSES $1,505,689

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,037,463	$1,821,271	+0.1%
Expenses	$1,505,689	$1,389,791	+0.1%
Net Income	$531,774	$431,480	+0.2%

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
Morgan Whiteley	Director	2.00	Director	$0	$0	$0
Richard Robinson	Director	2.00	Director	$0	$0	$0
Mark Nowak	Director	2.00	Director	$0	$0	$0
Shelley Chance	Director	2.00	Director	$0	$0	$0
Frances Delk	Director	2.00	Director	$0	$0	$0
Delene Allen	Director	2.00	Director	$0	$0	$0
Edward Baker	President	5.00	Officer Director	$0	$0	$0
Charles Dirik	Vice President	3.00	Officer Director	$0	$0	$0
Scott Riddle	SecTreasurer	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,037,463	$1,505,689	$8,440,602	$531,774
2022	$1,821,271	$1,389,791	$7,923,885	$431,480
2021	$1,469,140	$1,279,901	$7,264,646	$189,239
2020	$1,424,223	$1,284,885	$7,053,987	$139,338
2019	$1,397,009	$1,159,877	$6,933,798	$237,132
2018	$1,406,927	$1,227,120	$6,711,940	$179,807