Belforest Water System
Daphne, Alabama
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Very Good
How This Organization Compares
Compared to 22 peers in Unclassified with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $4,063,774↑12% | $2,271,670↓2% | $25,986,872↑36% | |
| 2022 | $3,622,088↑1% | $2,321,018↑3% | $19,102,556↑14% | — |
| 2021 | $3,578,733 | $2,249,324↑6% | $16,714,565↑12% | — |
| 2020 | $3,586,272↑10% | $2,117,291↓1% | $14,889,126↑7% | — |
| 2019 | $3,271,433↑36% | $2,132,989↑30% | $13,867,755↑5% | — |
| 2018 | $2,401,486↑13% | $1,638,371↑8% | $13,247,727↑3% | — |
| 2017 | $2,122,072↓7% | $1,510,570↑5% | $12,885,817↑10% | — |
| 2016 | $2,272,145↑15% | $1,439,366↑7% | $11,755,181↑5% | — |
| 2015 | $1,968,581↑21% | $1,346,817↑1% | $11,172,712↑3% | — |
| 2014 | $1,625,773↓6% | $1,328,624↑14% | $10,823,206↑1% | — |
| 2013 | $1,720,802↓39% | $1,164,209↑12% | $10,704,284↑27% | — |
| 2012 | $2,813,971↑98% | $1,039,214↑14% | $8,459,355↑29% | — |
| 2011 | $1,424,162 | $908,634 | $6,552,430 | — |
Frequently Asked Questions
What does Belforest Water System do?▼
Belforest Water System is a unclassified nonprofit organization based in Alabama. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Belforest Water System financially healthy?▼
Based on our 9-metric Financial Health Score model, Belforest Water System has a score of 80/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Belforest Water System generate?▼
Belforest Water System reports $5.1M in annual revenue and holds $30.4M in total assets, based on IRS filings.
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