Lake South Water Supply Corporation (EIN 760698075) - 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

2001

Legal Domicile

Principal Officer

William C Dwyer

Phone

2816302203

Tax Period

2024-01-01 to 2024-12-31

Lake South Water Supply Corporation, founded in 2001, is a small nonprofit in the Environment sector that reported $776K in total revenue in fiscal year 2024. The organization ran a surplus of $296K, a strong 38% operating margin.

Mission

Provide water and sewer service

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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 $752,648

Investment Income $23,152

Other Revenue $0

TOTAL REVENUE $775,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $464,420

Other Expenses $479,624

TOTAL EXPENSES $479,624

Year-over-Year Comparison

	2024	2023	Change
Revenue	$775,800	$749,072	+0.0%
Expenses	$479,624	$494,593	0.0%
Net Income	$296,176	$254,479	+0.2%

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

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
Chris Kuhasz	President	5.00	Officer Director	$0	$0	$0
Wm Charles Dwyer	Treasurer	5.00	Officer Director	$0	$0	$0
Carol Bradley	Secretary	5.00	Officer Director	$0	$0	$0
Craig Dunn	Vice President	5.00	Officer Director	$0	$0	$0
Albert Vrazel	Member	5.00	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	$775,800	$479,624	$1,348,671	$296,176
2023	$749,072	$494,593	$1,098,866	$254,479
2022	$505,163	$511,838	$775,319	$-6,675
2021	$412,426	$399,022	$849,061	$13,404
2020	$465,029	$373,319	$855,471	$91,710
2019	$400,341	$298,790	$784,136	$101,551
2018	$393,390	$539,226	$700,317	$-145,836

Lake South Water Supply Corporation