SULLIVAN-VIGO RURAL WATER CORPORATION (EIN 351925110) - 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

1994

Legal Domicile

Principal Officer

BIONCA GAMBILL

Phone

8122998909

Tax Period

2024-01-01 to 2024-12-31

SULLIVAN-VIGO RURAL WATER CORPORATION, founded in 1994, is a small nonprofit in the Human Services sector that reported $989K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

THIS CORPORATION IS A MUTUAL BENEFIT CORPORATION FOR THE BENEFIT OF THE INDIVIDUAL MEMBERS AND THE COMMUNITY BY PROMOTING, SUPPORTING, PROVIDING AND OPERATING A WATER UTILITY SYSTEM FOR THE BENEFIT OF 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 $0

Program Service Revenue $968,985

Investment Income $19,260

Other Revenue $1,150

TOTAL REVENUE $989,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,204

Fundraising Expenses $0

Program Expenses $1,046,174

Other Expenses $929,970

TOTAL EXPENSES $1,046,174

Year-over-Year Comparison

	2024	2023	Change
Revenue	$989,395	$867,287	+0.1%
Expenses	$1,046,174	$971,866	+0.1%
Net Income	$-56,779	$-104,579	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JC GUMMERE	Director	2.00	Director	$0	$0	$0
TOM PEARCE	Director	2.00	Director	$0	$0	$0
JOHN ARNOLD	Director	2.00	Director	$0	$0	$0
BIONCA GAMBILL	President	2.00	Officer	$0	$0	$0
FRANK RUSH	Vice President	2.00	Officer	$0	$0	$0
JACK STULTZ	Secretary	2.00	Officer	$0	$0	$0
PEGGY SLATER	Treasurer	2.00	Officer	$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	$989,395	$1,046,174	$2,911,172	$-56,779
2023	$867,287	$971,866	$3,081,716	$-104,579
2022	$827,222	$932,374	$3,328,730	$-105,152
2021	$761,633	$930,426	$3,545,278	$-168,793
2020	$752,326	$909,750	$3,833,285	$-157,424
2019	$674,478	$841,874	$4,110,800	$-167,396
2018	$679,453	$840,749	$4,398,016	$-161,296

SULLIVAN-VIGO RURAL WATER CORPORATION