WEST CORINNE WATER COMPANY (EIN 870219044) - 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

1950

Legal Domicile

Principal Officer

STEVE NORMAN

Phone

4357442496

Tax Period

2023-01-01 to 2023-12-31

WEST CORINNE WATER COMPANY, founded in 1950, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 147% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 68% operating margin.

Mission

INSTALL & MAINTAIN A CULINARY WATER DELIVERY SYSTEM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,231,835

Investment Income $31,466

Other Revenue $0

TOTAL REVENUE $2,263,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,156

Fundraising Expenses $0

Program Expenses $661,807

Other Expenses $573,821

TOTAL EXPENSES $728,977

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,263,301	$914,512	+1.5%
Expenses	$728,977	$644,507	+0.1%
Net Income	$1,534,324	$270,005	+4.7%

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
CHAD HARDY	DIRECTOR	N/A	Director	$0	$0	$0
JEFF KENT	DIRECTOR	N/A	Director	$0	$0	$0
MORGAN REEDER	DIRECTOR	N/A	Director	$0	$0	$0
BLAINE RUPP	VICE PRES	N/A	Director	$0	$0	$0
BRYAN WARD	DIRECTOR	N/A	Director	$0	$0	$0
FRANK ZERKLE	DIRECTOR	N/A	Director	$0	$0	$0
STEVE NORMAN	PRESIDENT	N/A	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,263,301	$728,977	$8,671,042	$1,534,324
2022	$914,512	$644,507	$7,251,201	$270,005
2021	$715,087	$629,620	$7,035,546	$85,467
2020	$1,261,202	$640,435	$7,046,854	$620,767
2019	$745,587	$526,440	$5,978,108	$219,147
2018	$641,689	$558,662	$5,822,045	$83,027

WEST CORINNE WATER COMPANY