SOUTH LIMESTONE COUNTY WATER SUPPLY CORP (EIN 752066150) - 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

1985

Legal Domicile

Principal Officer

JIMMY C ROE

Phone

2547293415

Tax Period

2023-01-01 to 2023-12-31

SOUTH LIMESTONE COUNTY WATER SUPPLY CORP, founded in 1985, is a small nonprofit that reported $629K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $573K left a modest 9% surplus.

Mission

RURAL WATER SUPPLY - RESPONSIBLE FOR PROVIDING WATER TO RURAL CUSTOMERS IN THE SOUTHERN LIMESTONE COUNTY AREA NEAR LAKE LIMESTONE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $142,886

Program Service Revenue $480,983

Investment Income $1,870

Other Revenue $3,012

TOTAL REVENUE $628,751

Expense Breakdown

Grants Paid $0

Salaries & Benefits $187,003

Fundraising Expenses $0

Program Expenses $573,462

Other Expenses $386,459

TOTAL EXPENSES $573,462

Year-over-Year Comparison

	2023	2022	Change
Revenue	$628,751	$462,138	+0.4%
Expenses	$573,462	$469,876	+0.2%
Net Income	$55,289	$-7,738	-8.1%

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
JIMMY C ROE	PRESIDENT	2.00	Officer Director	$0	$0	$0
TOM SUTTON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN GREENSAGE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
CARL ETHEREDGE	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
SCOTTY LENAMON	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK RADNEY	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	No data	No data	No data	No data
2023	$628,751	$573,462	$1,314,989	$55,289
2022	$462,138	$469,876	$1,460,592	$-7,738
2022	$680,482	$468,282	$1,434,751	$212,200
2021	$410,874	$424,786	$1,288,094	$-13,912
2020	$392,586	$414,998	$1,383,881	$-22,412
2019	$386,974	$402,729	$1,451,893	$-15,755
2018	$408,714	$427,806	$1,504,649	$-19,092

SOUTH LIMESTONE COUNTY WATER SUPPLY CORP