ICARD TOWNSHIP WATER CORP (EIN 560904671) - 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

1966

Legal Domicile

Principal Officer

JAMES GORSUCH

Phone

8283976294

Tax Period

2019-10-01 to 2020-09-30

ICARD TOWNSHIP WATER CORP, founded in 1966, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2019. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $345K, a strong 17% operating margin.

Mission

TO PROVIDE WATER SERVICES FOR APPROXIMATELY 3,330 ICARD TOWNSHIP RESIDENTS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,950,847

Investment Income $47,136

Other Revenue $6,795

TOTAL REVENUE $2,004,778

Expense Breakdown

Grants Paid $0

Salaries & Benefits $432,637

Fundraising Expenses $0

Program Expenses $1,602,974

Other Expenses $1,227,404

TOTAL EXPENSES $1,660,041

Year-over-Year Comparison

	2019	2018	Change
Revenue	$2,004,778	$1,702,939	+0.2%
Expenses	$1,660,041	$1,313,311	+0.3%
Net Income	$344,737	$389,628	-0.1%

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

$37,100

Total Directors

$121,201

Key Employees

$84,101

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN R PONS	MANAGER	040.00	Director Key Emp Highest	$84,101	$0	$84,101
JAMES GORSUCH	PRESIDENT	010.00	Officer Director	$37,100	$0	$37,100
LEON LEDFORD	DIRECTOR	001.00	Director	$0	$0	$0
KERMIT HOLSHOUSER	SECRETARY/TREASURER	001.00	Officer Director	$0	$0	$0
LEONARD WATTS	DIRECTOR	001.00	Director	$0	$0	$0
DAVID HARTMANN	DIRECTOR	001.00	Director	$0	$0	$0
BRAND LINGERFELT	DIRECTOR	001.00	Director	$0	$0	$0
BILL CHAPMAN	DIRECTOR	001.00	Director	$0	$0	$0
LARRY MARTIN	VICE-PRESIDENT	001.00	Officer Director	$0	$0	$0
FRANK SOUTHERS	DIRECTOR	001.00	Director	$0	$0	$0
STEVE SMART	DIRECTOR	001.00	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
2020	$2,004,778	$1,660,041	$8,223,214	$344,737
2019	$1,702,939	$1,313,311	$7,887,016	$389,628
2018	$1,723,598	$1,404,335	$7,519,427	$319,263

ICARD TOWNSHIP WATER CORP