JACOBS WATER SUPPLY CORPORATION (EIN 751545707) - 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

1960

Legal Domicile

Principal Officer

WAYNE HOLLAND

Phone

9036574899

Tax Period

2024-01-01 to 2024-12-31

JACOBS WATER SUPPLY CORPORATION, founded in 1960, is a small nonprofit that reported $285K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $391K exceeded revenue, resulting in a 37% operating deficit.

Mission

WATER SALES TO RURAL CUSTOMERS

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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 $285,449

Investment Income $0

Other Revenue $0

TOTAL REVENUE $285,449

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,180

Fundraising Expenses $0

Other Expenses $342,670

TOTAL EXPENSES $390,850

Year-over-Year Comparison

	2024	2023	Change
Revenue	$285,449	$380,103	-0.2%
Expenses	$390,850	$264,426	+0.5%
Net Income	$-105,401	$115,677	-1.9%

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

562

Independent Members

562

Employees

N/A

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
BART HOLLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
WAYNE HOLLAND	PRESIDENT	5.00	Officer	$0	$0	$0
MIKE O'QUINN	VICE-PRESIDENT	1.00	Officer	$0	$0	$0
SCOTT CLOWER	SECRETARY/TREAS	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	$285,449	$390,850	$834,875	$-105,401
2023	$380,103	$264,426	$941,705	$115,677
2022	$295,777	$251,989	$825,750	$43,788
2021	$286,279	$378,287	$781,535	$-92,008
2020	$264,496	$224,790	$873,701	$39,706
2019	$236,902	$184,146	$834,076	$52,756
2018	$206,227	$212,300	$781,299	$-6,073

JACOBS WATER SUPPLY CORPORATION