ZUnclassifiedEIN: 591532752· Ruling Year: 1975

Midway Water System Inc

Gulf Breeze, Florida

B+Health Score
74B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 22 peers in Unclassified with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org5.94×
Peer Median15.40×
💰
$4.5M
Total Revenue
📊
$3.3M
Total Expenses
🏦
$19.3M
Net Assets
📋
$1.5M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+7.6%
Year-over-year change (2022 → 2023)
Net Margin
+28.0%
Revenue minus expenses as % of revenue
Working Capital Ratio
5.94
Net assets divided by total expenses
Liabilities-to-Assets
7.0%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$4,515,4318%$3,251,9351%$20,763,0335%
2022$4,197,0024%$3,227,3709%$19,707,5684%
2021$4,356,5766%$2,962,7793%$18,868,84213%
2020$4,124,76221%$2,883,7219%$16,714,96212%
2019$3,402,7705%$2,642,251$14,877,9716%
2018$3,242,1238%$2,632,9724%$13,975,1293%
2017$2,997,0066%$2,743,18611%$13,503,4591%
2016$2,830,741$2,466,1864%$13,397,4642%
2015$2,836,0654%$2,366,6266%$13,109,8691%
2014$2,722,4293%$2,227,1038%$13,026,804
2013$2,633,5571%$2,069,3777%$12,965,0503%
2012$2,672,9742%$1,939,9781%$12,600,61610%
2011$2,610,747$1,921,558$14,009,950

Frequently Asked Questions

What does Midway Water System Inc do?

Midway Water System Inc is a unclassified nonprofit organization based in Florida. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Midway Water System Inc financially healthy?

Based on our 9-metric Financial Health Score model, Midway Water System Inc has a score of 74/100 (Grade: B+). 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 Midway Water System Inc generate?

Midway Water System Inc reports $4.5M in annual revenue and holds $22.7M in total assets, based on IRS filings.

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Midway Water System Inc — Gulf Breeze, FL | GiveScope