FROGNOT 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

1964

Legal Domicile

Principal Officer

BILL LUCKETT

Phone

9727524100

Tax Period

2020-01-01 to 2020-12-31

FROGNOT WATER SUPPLY CORPORATION, founded in 1964, is a small nonprofit that reported $147K in total revenue in fiscal year 2020. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $186K exceeded revenue, resulting in a 27% operating deficit.

Mission

THE ORGANIZATION EXISTS TO PROVIDE POTABLE WATER TO MEMBERS OF THE CORPORATION.

Program Service Accomplishments

Program 1

THE ORGANIZATION PROVIDED POTABLE WATER TO ITS MEMBERS IN THE SERVICE AREA OF THE ORGANIZATION.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $146,766

Investment Income $30

Other Revenue $0

TOTAL REVENUE $146,796

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,066

Fundraising Expenses $0

Other Expenses $155,631

TOTAL EXPENSES $185,697

Year-over-Year Comparison

	2020	2019	Change
Revenue	$146,796	$722,005	-0.8%
Expenses	$185,697	$733,732	-0.7%
Net Income	$-38,901	$-11,727	+2.3%

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

N/A

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
BILL LUCKETT	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHUCK MCCARLEY	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
LARRY EASTMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
TAL FEAGINS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID EARL	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
2020	$146,796	$185,697	No data	$-38,901
2019	$722,005	$733,732	$2,157,616	$-11,727
2018	$695,899	$646,788	$2,184,122	$49,111