VAUGHN WATER COMPANY INC (EIN 951600230) - 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

1928

Legal Domicile

Principal Officer

VAN GRAYER

Phone

6615892931

Tax Period

2023-01-01 to 2023-12-31

VAUGHN WATER COMPANY INC, founded in 1928, is a mid-sized nonprofit that reported $11.7M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $10.0M left a modest 14% surplus.

Mission

TO PROVIDE WATER TO THE SERVICE AREA USERS.

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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 $11,066,242

Investment Income $637,325

Other Revenue $0

TOTAL REVENUE $11,703,567

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,040,110

Fundraising Expenses $0

Other Expenses $8,008,297

TOTAL EXPENSES $10,048,407

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,703,567	$9,179,714	+0.3%
Expenses	$10,048,407	$9,993,756	+0.0%
Net Income	$1,655,160	$-814,042	-3.0%

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

$203,391

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB BURDETTE	SECRETARY	2.00	Officer Director	$0	$0	$0
JOSHUA DIVILBISS	DIRECTOR	2.00	Director	$0	$0	$0
SHAWN KELLY	PRESIDENT	2.00	Officer Director	$0	$0	$0
DANA MARTIN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
PHILLIP WRIGHT	DIRECTOR	2.00	Director	$0	$0	$0
VAN GRAYER	GENERAL MANAGER	40.00	Key Emp	$203,391	$0	$203,391
DENNY ARMSTRONG	OPERATIONS SUPERVISOR	40.00	Highest	$135,491	$0	$135,491
THOMAS WEBB	DISTRIBUTION SYSTEM SUPERVISOR	40.00	Highest	$121,471	$0	$121,471
JAIME ACEVEDO	SPECIAL PROJECTS COORDINATOR	40.00	Highest	$134,498	$0	$134,498

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	$11,703,567	$10,048,407	$46,284,722	$1,655,160
2022	$9,179,714	$9,993,756	$45,225,883	$-814,042
2021	$9,299,624	$8,469,920	$46,118,386	$829,704
2020	$21,208,146	$8,276,666	$44,686,700	$12,931,480
2019	$9,028,353	$7,884,743	$33,967,850	$1,143,610

VAUGHN WATER COMPANY INC