LEIGH WATER SUPPLY CORPORATION (EIN 751712151) - 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

1977

Legal Domicile

Principal Officer

CARL SHELTON

Phone

9039271075

Tax Period

2024-01-01 to 2024-12-31

LEIGH WATER SUPPLY CORPORATION, founded in 1977, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Expenses of $1.6M left a modest 4% surplus.

Mission

THE ORGANIZATION PROVIDES WATER SERVICES TO RURAL COMMUNITY MEMBERS.

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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 $3,800

Program Service Revenue $1,696,428

Investment Income $-23,682

Other Revenue $0

TOTAL REVENUE $1,676,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $453,661

Fundraising Expenses $0

Other Expenses $1,155,519

TOTAL EXPENSES $1,609,180

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,676,546	$1,682,060	0.0%
Expenses	$1,609,180	$1,700,908	-0.1%
Net Income	$67,366	$-18,848	-4.6%

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

$81,039

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN PRITCHARD	DIRECTOR	1.00	Director	$0	$0	$0
VICKIE JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM D POWER	CEO	40.00	Officer	$81,039	$0	$81,039
BRENDA WALKER	SECRETARY/TREASURER	1.00	Officer	$0	$0	$0
ADELLA JACKSON	VICE PRESIDENT	1.00	Officer	$0	$0	$0
CARL SHELTON	PRESIDENT	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	$1,676,546	$1,609,180	$6,595,751	$67,366
2023	$1,682,060	$1,700,908	$6,815,999	$-18,848
2022	$1,712,792	$1,521,162	$6,822,074	$191,630
2021	$1,392,185	$1,340,312	$6,794,949	$51,873
2020	$1,314,794	$1,449,275	$6,988,356	$-134,481
2019	$951,163	$1,178,270	$7,002,816	$-227,107
2018	$901,597	$969,294	$7,285,057	$-67,697

LEIGH WATER SUPPLY CORPORATION