WHITEHALL WATER SYSTEM INC (EIN 832542828) - 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

1972

Legal Domicile

Principal Officer

CHARLES BIRD

Phone

3189923315

Tax Period

2024-01-01 to 2024-12-31

WHITEHALL WATER SYSTEM INC, founded in 1972, is a micro nonprofit in the Mutual Benefit sector that reported $69K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $79K exceeded revenue, resulting in a 14% operating deficit.

Mission

PROVIDE SAFE DRINKING WATER 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 $69,237

Investment Income $0

Other Revenue $0

TOTAL REVENUE $69,237

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $79,217

TOTAL EXPENSES $79,217

Year-over-Year Comparison

	2024	2023	Change
Revenue	$69,237	$60,121	+0.2%
Expenses	$79,217	$87,469	-0.1%
Net Income	$-9,980	$-27,348	-0.6%

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
CHARLES BIRD	PRESIDENT	1.00	Director	$0	$0	$0
JIMMY SKINNER	BOARD MEMBER	1.00	Director	$0	$0	$0
JC THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
GERALE FLOYD	BOARD MEMBER	1.00	Director	$0	$0	$0
DONNIE HUFFMAN	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	$69,237	$79,217	$56,388	$-9,980
2023	$60,121	$87,469	$66,368	$-27,348
2022	$66,879	$68,872	$93,716	$-1,993
2021	$66,262	$58,763	$95,709	$7,499
2020	$62,568	$59,183	$88,210	$3,385
2019	$61,142	$62,499	$84,825	$-1,357
2018	$62,495	$56,455	$86,182	$6,040

WHITEHALL WATER SYSTEM INC