SOUTHEAST WATER SUPPLY CORPORATION (EIN 752126639) - 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

1986

Legal Domicile

Principal Officer

MARTIN BOREN

Phone

9035367514

Tax Period

2023-01-01 to 2023-12-31

SOUTHEAST WATER SUPPLY CORPORATION, founded in 1986, is a small nonprofit that reported $157K in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $183K exceeded revenue, resulting in a 16% operating deficit.

Mission

PROVIDE POTABLE WATER TO RURAL 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $156,611

Investment Income $-596

Other Revenue $1,198

TOTAL REVENUE $157,213

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,955

Fundraising Expenses $0

Other Expenses $143,837

TOTAL EXPENSES $182,792

Year-over-Year Comparison

	2023	2022	Change
Revenue	$157,213	$3,252,227	-1.0%
Expenses	$182,792	$1,166,335	-0.8%
Net Income	$-25,579	$2,085,892	-1.0%

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
ED MABRY	PRESIDENT	10.00	Officer Director	$0	$0	$0
JOHN WAKEFIELD	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
MARTIN BOREN	SECRETARY/TREASURER	10.00	Officer Director	$0	$0	$0
BUD PICKLE	DIRECTOR	2.00	Director	$0	$0	$0
DAISY JACKSON	DIRECTOR	2.00	Director	$0	$0	$0
BOYD EMAL	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS HASSOLD	DIRECTOR	2.00	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
2023	$157,213	$182,792	No data	$-25,579
2022	$3,252,227	$1,166,335	$11,598,296	$2,085,892
2021	$1,222,756	$1,191,100	$9,992,482	$31,656
2020	$1,212,376	$1,101,995	$9,566,085	$110,381
2019	$1,172,344	$1,125,070	$8,840,089	$47,274
2018	$1,235,270	$1,008,183	$8,944,563	$227,087

SOUTHEAST WATER SUPPLY CORPORATION