Gateway Regional Water Company (EIN 371353642) - 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

1996

Legal Domicile

Principal Officer

Keith Ritter

Phone

6183236817

Tax Period

2023-10-01 to 2024-09-30

Gateway Regional Water Company, founded in 1996, is a community nonprofit in the Mutual Benefit sector that reported $2.5M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $2.4M left a modest 3% surplus.

Mission

To Provide Water Delivery for Local 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 (2023)

Revenue Breakdown

Contributions & Grants $308,920

Program Service Revenue $2,164,708

Investment Income $45,189

Other Revenue $13,590

TOTAL REVENUE $2,532,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $510,432

Fundraising Expenses $0

Program Expenses $2,340,201

Other Expenses $1,937,876

TOTAL EXPENSES $2,448,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,532,407	$3,444,355	-0.3%
Expenses	$2,448,308	$2,219,130	+0.1%
Net Income	$84,099	$1,225,225	-0.9%

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

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

$47,581

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jason Green	DIRECTOR	1.00	Director	$0	$0	$0
ADAM MCKNIGHT	DIRECTOR	1.00	Officer Director	$0	$0	$0
AIMEE KELLER	SECRETARY	30.00	Officer	$47,581	$0	$47,581
Steve Lindsey	DIRECTOR	1.00	Director	$0	$0	$0
Janie Grimes	DIRECTOR	1.00	Director	$0	$0	$0
TOBY RINEHART	PRESIDENT	4.00	Director	$0	$0	$0
Keith Mount	DIRECTOR	1.00	Director	$0	$0	$0
Clinton Hood	DIRECTOR	1.00	Director	$0	$0	$0
LARRY REED	DIRECTOR	1.00	Director	$0	$0	$0
Kim Torres	DIRECTOR	1.00	Director	$0	$0	$0
DENNY VAUGHN	DIRECTOR	1.00	Director	$0	$0	$0
TEMP VACANT Vernon	DIRECTOR	1.00	Director	$0	$0	$0
Michael Ford	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA DISS	TREASURER	6.00	Officer Director	$0	$0	$0
LOGAN DYE	DIRECTOR	1.00	Director	$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	$2,532,407	$2,448,308	$18,710,104	$84,099
2023	$3,444,355	$2,219,130	$18,925,155	$1,225,225
2022	$1,838,329	$2,265,961	$17,715,984	$-427,632
2021	$1,950,229	$2,174,800	$15,996,630	$-224,571
2020	$1,812,201	$2,060,494	$16,495,923	$-248,293

Gateway Regional Water Company