SOUTH GRANT WATER CORPORATION INC (EIN 237330046) - 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

1972

Legal Domicile

Principal Officer

TREVOR FRY

Phone

3188995726

Tax Period

2023-01-01 to 2023-12-31

SOUTH GRANT WATER CORPORATION INC, founded in 1972, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 10% surplus.

Mission

PRODUCTION AND DISTRIBUTION OF WATER FOR INDIVIDUAL USE AND CONSUMPTION

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,273,483

Investment Income $1,192

Other Revenue $128,522

TOTAL REVENUE $1,403,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $513,598

Fundraising Expenses $0

Program Expenses $1,261,104

Other Expenses $747,506

TOTAL EXPENSES $1,261,104

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,403,197	$1,137,921	+0.2%
Expenses	$1,261,104	$1,130,910	+0.1%
Net Income	$142,093	$7,011	+19.3%

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

$84,277

Total Directors

$6,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUY HEDRICK	DIRECT0R	1.00	Director	$1,000	$0	$1,000
MICAH MURRELL	DIRECTOR	1.00	Director	$1,100	$0	$1,100
WILLIAM SMITH	DIRECTOR	1.00	Director	$1,200	$0	$1,200
RANDY BROWNING	DIRECTOR	1.00	Director	$400	$0	$400
GARY EDWARDS	VICE PRESIDENT	1.00	Director	$1,200	$0	$1,200
NATALIE MAXEY	DIRECTOR	1.00	Director	$1,300	$0	$1,300
RONNIE KIRK MAXEY	SEC-TREASURER	40.00	Officer	$56,067	$0	$56,067
TREVOR FRY	PRESIDENT	5.00	Officer	$28,210	$0	$28,210

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
2024	No data	No data	No data	No data
2023	$1,403,197	$1,261,104	$5,348,901	$142,093
2022	$1,137,921	$1,130,910	$5,149,978	$7,011
2021	$1,208,337	$1,058,859	$5,274,034	$149,478
2020	$884,172	$970,068	$5,234,145	$-85,896
2019	$1,062,560	$1,005,431	$5,381,888	$57,129
2018	$1,047,184	$855,110	$5,362,112	$192,074

SOUTH GRANT WATER CORPORATION INC