GIBSON WATER AUTHORITY (EIN 351412705) - 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

1975

Legal Domicile

Principal Officer

DUANE MICHEL

Phone

8127686899

Tax Period

2024-01-01 to 2024-12-31

GIBSON WATER AUTHORITY, founded in 1975, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2024. Net assets of $15.6M represent 55 months of operating reserves.

Mission

TO PROVIDE WATER TO ITS MEMBERS

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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 $145,441

Program Service Revenue $3,201,803

Investment Income $31,670

Other Revenue $49,911

TOTAL REVENUE $3,428,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $554,939

Fundraising Expenses $0

Program Expenses $2,818,947

Other Expenses $2,850,878

TOTAL EXPENSES $3,405,817

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,428,825	$3,384,734	+0.0%
Expenses	$3,405,817	$3,269,011	+0.0%
Net Income	$23,008	$115,723	-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

N/A

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

$22,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DUANE MICHEL	PRESIDENT	1.00	Officer	$4,400	$0	$4,400
JAMES POHL	TREASURER	1.00	Officer	$3,600	$0	$3,600
ADAM MENY	ASSISTANT SEC/TREAS	1.00	Officer	$4,000	$0	$4,000
KREIG CHRISTY	VICE PRESIDENT	1.00	Officer	$5,200	$0	$5,200
PATRICIA CAMPBELL	SECRETARY	1.00	Officer	$5,200	$0	$5,200

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	$3,428,825	$3,405,817	$22,145,104	$23,008
2023	$3,384,734	$3,269,011	$22,234,508	$115,723
2022	$2,893,356	$2,959,805	$20,695,710	$-66,449
2021	$5,105,692	$2,888,252	$18,357,251	$2,217,440
2020	$2,378,343	$2,528,842	$14,591,215	$-150,499
2019	$3,207,562	$2,356,586	$14,831,710	$850,976
2018	$2,321,731	$2,172,538	$13,305,874	$149,193

GIBSON WATER AUTHORITY