HILLTOP LAKES WATER SUPPLY CORP (EIN 760581606) - 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

1998

Legal Domicile

Phone

9368552995

Tax Period

2024-01-01 to 2024-12-31

HILLTOP LAKES WATER SUPPLY CORP, founded in 1998, is a small nonprofit in the Mutual Benefit sector that reported $600K in total revenue in fiscal year 2024. Expenses of $552K left a modest 8% surplus.

Mission

PROVIDE WATER TO RURAL COMMUNITY 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $551,915

Investment Income $18,423

Other Revenue $29,465

TOTAL REVENUE $599,803

Expense Breakdown

Grants Paid $0

Salaries & Benefits $237,856

Fundraising Expenses $0

Program Expenses $342,107

Other Expenses $313,779

TOTAL EXPENSES $551,635

Year-over-Year Comparison

	2024	2023	Change
Revenue	$599,803	$582,448	+0.0%
Expenses	$551,635	$480,203	+0.1%
Net Income	$48,168	$102,245	-0.5%

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
CHARLES CORNELIUS	President	10.00	Officer Director	$0	$0	$0
BRIAN SMITH	Vice President	10.00	Officer Director	$0	$0	$0
OWEN SMITH	SECRETARY/TREAS	10.00	Officer Director	$0	$0	$0
BILL THORNTON	MEMBER	10.00	Director	$0	$0	$0
WILLIAM ROWE	MEMBER	10.00	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	$599,803	$551,635	$1,538,128	$48,168
2023	$582,448	$480,203	$1,538,766	$102,245
2022	$540,394	$429,267	$1,392,893	$111,127
2021	$440,020	$421,010	$1,276,609	$19,010
2020	$426,398	$402,912	$1,259,066	$23,486
2019	$414,992	$399,017	$1,542,744	$15,975
2018	$409,228	$418,892	$1,481,066	$-9,664

HILLTOP LAKES WATER SUPPLY CORP