West Jacksonville Water Supply Corporation (EIN 751940701) - 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

1966

Legal Domicile

Principal Officer

James Murphy

Phone

9035867063

Tax Period

2024-01-01 to 2024-12-31

West Jacksonville Water Supply Corporation, founded in 1966, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 324% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 68% operating margin.

Mission

Provide water 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 $1,315,119

Program Service Revenue $423,023

Investment Income $7,936

Other Revenue $0

TOTAL REVENUE $1,746,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,086

Fundraising Expenses $0

Other Expenses $521,393

TOTAL EXPENSES $553,479

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,746,078	$412,212	+3.2%
Expenses	$553,479	$385,429	+0.4%
Net Income	$1,192,599	$26,783	+43.5%

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
Phillip Grimes	President	1.00	Director	$0	$0	$0
Danny Aber	Treasurer	1.00	Director	$0	$0	$0
Steve Wegment	Director	1.00	Director	$0	$0	$0
Billy Durr	Director	1.00	Director	$0	$0	$0
Bruce Harris	Director	1.00	Director	$0	$0	$0
James Murphey	Director	1.00	Director	$0	$0	$0
Bill Nice	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
2024	$1,746,078	$553,479	$3,588,823	$1,192,599
2023	$412,212	$385,429	$3,967,809	$26,783
2022	$496,031	$413,169	$3,329,434	$82,862
2021	$423,818	$320,224	$3,330,965	$103,594
2020	$363,496	$309,376	$1,837,070	$54,120
2019	$328,523	$282,142	$1,833,505	$46,381
2018	$355,849	$274,709	$1,871,148	$81,140

West Jacksonville Water Supply Corporation