SAND FLAT WATER SUPPLY CORPORATION (EIN 751838716) - 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

1968

Legal Domicile

Principal Officer

KENNETH LANGLEY

Phone

9038582264

Tax Period

2024-01-01 to 2024-12-31

SAND FLAT WATER SUPPLY CORPORATION, founded in 1968, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 12% surplus.

Mission

PROVIDING WATER TO RURAL RESIDENCES AND SMALL BUSINESSES.

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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 $1,124,837

Investment Income $17,019

Other Revenue $262

TOTAL REVENUE $1,142,118

Expense Breakdown

Grants Paid $0

Salaries & Benefits $349,543

Fundraising Expenses $0

Program Expenses $868,833

Other Expenses $653,513

TOTAL EXPENSES $1,003,056

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,142,118	$1,002,301	+0.1%
Expenses	$1,003,056	$895,499	+0.1%
Net Income	$139,062	$106,802	+0.3%

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

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
SCOTT TURNER	DIRECTOR	1.00	Director	$0	$0	$0
ENNIS BYNUM	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KENNETH LANGLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALLEN CHRISTIAN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD HENSLEY	DIRECTOR	1.00	Director	$0	$0	$0
RONNIE PILCHER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES PERRYMAN II	SEC/TREAS	1.00	Officer Director	$0	$0	$0
WILLIAM THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
WENDELL HAWKINS	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
2025	No data	No data	No data	No data
2024	$1,142,118	$1,003,056	$3,691,958	$139,062
2023	$1,002,301	$895,499	$3,563,353	$106,802
2022	$1,074,633	$972,772	$3,752,942	$101,861
2021	$1,065,040	$782,267	$3,566,486	$282,773
2020	$1,487,820	$718,843	$3,413,986	$768,977
2019	$815,484	$640,408	$2,003,284	$175,076
2018	$829,633	$636,010	$2,042,704	$193,623

SAND FLAT WATER SUPPLY CORPORATION