EMC WATER SUPPLY CORPORATION (EIN 752266433) - 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

1989

Legal Domicile

Principal Officer

JAMES MORRIS

Phone

9036657727

Tax Period

2024-01-01 to 2024-12-31

EMC WATER SUPPLY CORPORATION, founded in 1989, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $772K, a strong 52% operating margin.

Mission

PROVIDING STATE APPROVED POTABLE WATER SERVICE TO CUSTOMERS IN A TWO COUNTY AREA.

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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 $703,753

Program Service Revenue $724,780

Investment Income $70,088

Other Revenue $0

TOTAL REVENUE $1,498,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $262,260

Fundraising Expenses $0

Other Expenses $464,331

TOTAL EXPENSES $726,591

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,498,621	$1,721,489	-0.1%
Expenses	$726,591	$656,256	+0.1%
Net Income	$772,030	$1,065,233	-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
KELLY CHILDRESS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
TAMMY CORNETT	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
GLEN DOUROUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES HALL	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES MORRIS	BOARD PRESID	1.00	Officer Director	$0	$0	$0
DEBRA SIMS	BOARD MEMBER	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	$1,498,621	$726,591	$6,944,986	$772,030
2023	$1,721,489	$656,256	$6,255,302	$1,065,233
2022	$663,339	$692,713	$5,167,837	$-29,374
2021	$591,475	$548,728	$2,790,877	$42,747
2020	$586,117	$587,909	$2,742,595	$-1,792
2020	$586,117	$587,909	$2,742,595	$-1,792

EMC WATER SUPPLY CORPORATION