WALNUT COVE WATER SUPPLY CORPORATION (EIN 760364132) - 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

1993

Legal Domicile

Principal Officer

ARTHUR BUCKNER

Phone

9368564199

Tax Period

2024-01-01 to 2024-12-31

WALNUT COVE WATER SUPPLY CORPORATION, founded in 1993, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. The organization ran a surplus of $241K, a strong 24% operating margin.

Mission

PROVIDE WATER SERVICES TO THE COMMUNITY

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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 $1,012,366

Investment Income $3,202

Other Revenue $0

TOTAL REVENUE $1,015,568

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $774,877

Other Expenses $774,877

TOTAL EXPENSES $774,877

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,015,568	$1,016,062	0.0%
Expenses	$774,877	$753,863	+0.0%
Net Income	$240,691	$262,199	-0.1%

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

N/A

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
MICHELLE TORRES	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR BUCKNER	PRESIDENT	1.00	Officer	$0	$0	$0
DANIEL BONNETTE	VP	1.00	Officer	$0	$0	$0
LORI RIDGE	SECRETARY/TREASURER	1.00	Officer	$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	$1,015,568	$774,877	$1,762,072	$240,691
2023	$1,016,062	$753,863	$1,517,980	$262,199
2022	$1,078,721	$689,253	$1,282,276	$389,468
2021	$701,098	$525,093	$919,302	$176,005
2020	$463,709	$433,156	$462,914	$30,553

WALNUT COVE WATER SUPPLY CORPORATION