DRIFTWOOD SHORES WATER SYSTEM INC (EIN 916054228) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1952

Legal Domicile

Principal Officer

ERIK NOYD

Phone

3606598354

Tax Period

2024-06-01 to 2025-05-31

DRIFTWOOD SHORES WATER SYSTEM INC, founded in 1952, is a small nonprofit that reported $153K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $70K, a strong 46% operating margin.

Mission

DISTRIBUTION OF DOMESTIC WATER

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $131,832

Investment Income $20,943

Other Revenue $0

TOTAL REVENUE $152,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $49,973

Other Expenses $82,646

TOTAL EXPENSES $82,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$152,775	$116,823	+0.3%
Expenses	$82,646	$79,736	+0.0%
Net Income	$70,129	$37,087	+0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
DON BLACK	PRESIDENT	1.50	Officer Director	$0	$0	$0
MARK DIAMOND	DIRECTOR	0.50	Director	$0	$0	$0
PHIL FREDRICH	DIRECTOR	0.50	Director	$0	$0	$0
ERIK NOYD	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
CHERYL OTT	DIRECTOR	0.50	Director	$0	$0	$0
KAREN REID	DIRECTOR	0.50	Director	$0	$0	$0
DON TIMMERMAN	VICE PRESIDE	0.50	Officer 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
2025	$152,775	$82,646	$1,145,699	$70,129
2024	$116,823	$79,736	$1,075,570	$37,087
2023	$115,580	$75,757	$1,038,774	$39,823
2022	$112,804	$62,273	$998,951	$50,531
2021	$198,583	$85,890	$948,420	$112,693
2020	$96,855	$98,780	$835,727	$-1,925
2019	$48,905	$75,551	$876,202	$-26,646
2018	$100,560	$57,453	$952,372	$43,107

DRIFTWOOD SHORES WATER SYSTEM INC