GALLIPOLIS FERRY WATER ASSOC INC (EIN 310892951) - 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

1970

Legal Domicile

Principal Officer

TERRY WALLIS

Phone

3046751150

Tax Period

2023-01-01 to 2023-12-31

GALLIPOLIS FERRY WATER ASSOC INC, founded in 1970, is a small nonprofit that reported $185K in total revenue in fiscal year 2023. Expenses of $165K left a modest 11% surplus.

Mission

TO PROVIDE A SAFE AND RELIABLE WATER SYSTEM AND TO DO SO AS EFFECIENTLY AND SAFELY AS POSSIBLE TO PROVIDE THIS SERVICE FOR THE GALLIPOLIS COMMUNITY WHILE FOLLOWING ALL FEDERAL, STATE, AND COUNTY GUIDELINES.

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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 $184,235

Investment Income $0

Other Revenue $800

TOTAL REVENUE $185,035

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,426

Fundraising Expenses $0

Other Expenses $146,863

TOTAL EXPENSES $165,289

Year-over-Year Comparison

	2023	2022	Change
Revenue	$185,035	$181,162	+0.0%
Expenses	$165,289	$194,662	-0.2%
Net Income	$19,746	$-13,500	-2.5%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES JONES	PRESIDENT	001.00	Officer Director	$0	$0	$0
JOE TRIPPITT	VICE PRESIDENT	001.00	Director	$0	$0	$0
TERRY WALLIS	SECR/TREAS	023.00	Officer Director Highest	$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
2024	No data	No data	No data	No data
2023	$185,035	$165,289	$341,718	$19,746
2022	$181,162	$194,662	$486,349	$-13,500
2021	$172,125	$235,961	$348,856	$-63,836

GALLIPOLIS FERRY WATER ASSOC INC