WHITE SHED WATER SUPPLY CORPORATION

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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

1964

Legal Domicile

Principal Officer

WILMA GIBBS

Tax Period

2024-01-01 to 2024-12-31

WHITE SHED WATER SUPPLY CORPORATION, founded in 1964, is a small nonprofit in the Public & Societal Benefit sector that reported $986K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $940K left a modest 5% surplus.

Mission

PROVIDE WATER FOR FARM AND RURAL DOMESTIC USE IN RURAL AREAS OF NORTHERN FANNIN COUNTY

Program Service Accomplishments

Program 1

Expenses: $939,909

CORPORATION PROVIDES WATER TO APPROXIMATELY 1,206 MEMBERS FOR FARM AND RURAL DOMESTIC USE IN RURAL AREAS OF NORTHERN FANNIN COUNTY

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $892,368

Investment Income $23,749

Other Revenue $70,142

TOTAL REVENUE $986,259

Expense Breakdown

Grants Paid $0

Salaries & Benefits $264,739

Fundraising Expenses $0

Program Expenses $939,909

Other Expenses $675,170

TOTAL EXPENSES $939,909

Year-over-Year Comparison

	2024	2023	Change
Revenue	$986,259	$832,220	+0.2%
Expenses	$939,909	$673,714	+0.4%
Net Income	$46,350	$158,506	-0.7%

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

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
GAYLAND GIBBS	Director	Director	$0	$0	$0
JODIE GIBBS	President	Officer Director	$0	$0	$0
TAMMY HOUSE	Director	Director	$0	$0	$0
STUART HALL	Director	Director	$0	$0	$0
TRACY LACKEY	Vice President	Officer Director	$0	$0	$0
BRIAN HARDY	Secretary/Treas	Officer Director	$0	$0	$0
JASON MUSSETT	Director	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	No data	No data	No data	No data
2024	$986,259	$939,909	$2,887,420	$46,350
2023	$832,220	$673,714	$2,870,347	$158,506
2022	$721,709	$573,967	$2,741,961	$147,742
2021	$655,473	$501,080	$2,623,248	$154,393
2020	$690,682	$478,524	$2,496,284	$212,158
2019	$483,237	$425,703	$2,309,234	$57,534
2018	$755,787	$397,475	$2,223,341	$358,312