Panacea Area Water System Inc (EIN 237050589) - 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

1964

Legal Domicile

Principal Officer

Tim Jordan

Phone

8509845301

Tax Period

2024-07-01 to 2025-06-30

Panacea Area Water System Inc, founded in 1964, is a small nonprofit that reported $571K in total revenue in fiscal year 2024. Expenses of $686K exceeded revenue, resulting in a 20% operating deficit.

Mission

Operate local member owned rural water system located in Panacea,Florida.

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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 $2,600

Program Service Revenue $553,936

Investment Income $14,281

Other Revenue $0

TOTAL REVENUE $570,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $280,066

Fundraising Expenses $0

Other Expenses $405,856

TOTAL EXPENSES $685,922

Year-over-Year Comparison

	2024	2023	Change
Revenue	$570,817	$550,225	+0.0%
Expenses	$685,922	$664,507	+0.0%
Net Income	$-115,105	$-114,282	+0.0%

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

$14,100

Total Directors

$9,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tim Jordan	President	10.00	Officer	$4,700	$0	$4,700
Dan Hinchee	Vice President	10.00	Officer	$4,700	$0	$4,700
Walter Dickson	Treasurer	10.00	Officer	$4,700	$0	$4,700
Noah Posey	Director	10.00	Director	$4,700	$0	$4,700
Kinsey Hall Miller	Director	10.00	Director	$0	$0	$0
Joshua Brown	Director	10.00	Director	$4,700	$0	$4,700

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	$570,817	$685,922	$3,153,896	$-115,105
2024	No data	No data	No data	No data
2023	$543,470	$644,093	$3,321,690	$-100,623
2022	$506,885	$584,446	$3,442,683	$-77,561
2021	$553,425	$584,826	$3,546,897	$-31,401

Panacea Area Water System Inc