NORWOOD WATER SUPPLY CORPORATION (EIN 751542802) - 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

1984

Legal Domicile

Principal Officer

MERL ESTEP

Phone

8777826418

Tax Period

2023-01-01 to 2023-12-31

NORWOOD WATER SUPPLY CORPORATION, founded in 1984, is a small nonprofit that reported $357K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $60K, a strong 17% operating margin.

Mission

TO PROVIDE WATER SERVICE TO APPROX 448 RESIDENTS OF A RURAL COMMUNITY

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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 $354,636

Investment Income $2,825

Other Revenue $0

TOTAL REVENUE $357,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,948

Fundraising Expenses $0

Program Expenses $296,964

Other Expenses $173,016

TOTAL EXPENSES $296,964

Year-over-Year Comparison

	2023	2022	Change
Revenue	$357,461	$318,030	+0.1%
Expenses	$296,964	$246,630	+0.2%
Net Income	$60,497	$71,400	-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
MARY BARNHART	SEC/TREAS	N/A	Officer Director	$0	$0	$0
MERL ESTEP	PRESIDENT	N/A	Officer Director	$0	$0	$0
MICHAEL NICHOLS	DIRECTOR	N/A	Director	$0	$0	$0
MARK ROGERS	DIRECTOR	N/A	Director	$0	$0	$0
PERRIN ROLLER	DIRECTOR	N/A	Director	$0	$0	$0
ROLLIN SMITH	V PRESIDENT	N/A	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	No data	No data	No data	No data
2023	$357,461	$296,964	$1,926,328	$60,497
2022	$318,030	$246,630	$1,840,090	$71,400
2021	$230,104	$211,712	$1,004,412	$18,392
2020	$237,778	$198,676	$967,347	$39,102
2019	$195,467	$193,449	$920,430	$2,018
2018	$197,913	$197,896	$926,410	$17

NORWOOD WATER SUPPLY CORPORATION