GCC WATER COOPERATIVE INC (EIN 232815953) - 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

1995

Legal Domicile

Principal Officer

ROBERT F DURKIN

Phone

5703427711

Tax Period

2021-07-01 to 2022-06-30

GCC WATER COOPERATIVE INC, founded in 1995, is a micro nonprofit that reported $61K in total revenue in fiscal year 2021. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $68K exceeded revenue, resulting in a 10% operating deficit.

Mission

PROVIDE WATER SERVICE TO TENANTS OF THE GLENMAURA CORPORATE CENTER. ON NOVEMBER 19, 2021, GCC WATER COOPERATIVE, INC. EFFECTIVELY ENDED OPERATIONS TO PROVIDE CLIENT SERVICES WITHIN THE GLENMAURA CORPORATE CENTER. THE DISSOLUTION PROCESS WAS STARTED FOR GCC WATER COOPERATIVE, INC. IN 2022. IT IS EXPECTED THAT THE DISSOLUTION PROCESS WILL BE COMPLETED BY DECEMBER 31, 2022.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $46,228

Investment Income $2,462

Other Revenue $12,658

TOTAL REVENUE $61,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $67,410

Other Expenses $67,719

TOTAL EXPENSES $67,719

Year-over-Year Comparison

	2021	2020	Change
Revenue	$61,348	$114,729	-0.5%
Expenses	$67,719	$155,203	-0.6%
Net Income	$-6,371	$-40,474	-0.8%

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

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
ROBERT F DURKIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
AARON W WHITNEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
VIRGINIA J GOODRICH	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES F COLEMAN	TREASURER	1.00	Officer Director	$0	$0	$0
SUSAN DUCKWORTH	DIRECTOR	1.00	Director	$0	$0	$0
PAUL D HORGER ESQ	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE REDDOCK	DIRECTOR	1.00	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
2022	No data	$6,651	No data	No data
2022	$61,348	$67,719	$6,651	$-6,371
2021	$114,729	$155,203	$109,672	$-40,474
2020	$162,012	$183,091	$145,061	$-21,079
2019	$186,963	$210,188	$104,320	$-23,225
2019	$186,963	$210,188	$104,320	$-23,225
2018	$195,063	$230,021	$131,869	$-34,958

GCC WATER COOPERATIVE INC