GEORGIA RURAL WATER ASSOCIATION INC (EIN 581373517) - 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

1984

Legal Domicile

Principal Officer

JAMES R MATTHEWS Jr

Tax Period

2021-01-01 to 2021-12-31

GEORGIA RURAL WATER ASSOCIATION INC, founded in 1984, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2021. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 33% operating margin.

Mission

THE ORGANIZATIONS PRIMARY PURPOSE IS TO ASSIST RURAL WATER SYSTEMS IN COMPLYING WITH THE STATE SAFE DIRNKING WATER ACT THROUGH CLASS WORKSHOPS, TECHNICAL ASSISTANCE AND SEWER LEAK DETECTION.

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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 (2021)

Revenue Breakdown

Contributions & Grants $1,126,481

Program Service Revenue $2,630,225

Investment Income $0

Other Revenue $360,898

TOTAL REVENUE $4,117,604

Expense Breakdown

Grants Paid $15,611

Salaries & Benefits $1,403,535

Fundraising Expenses $0

Program Expenses $1,594,302

Other Expenses $1,348,361

TOTAL EXPENSES $2,767,507

Year-over-Year Comparison

	2021	2020	Change
Revenue	$4,117,604	$2,802,104	+0.5%
Expenses	$2,767,507	$1,071,736	+1.6%
Net Income	$1,350,097	$1,730,368	-0.2%

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

$125,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES R MATTHEWS III	FINANCE DIRECTOR	45.00	Highest	$131,500	$0	$131,500
BRENT B MATTHEWS	COORDINATOR	45.00	Highest	$131,500	$0	$131,500
JAMES R MATTHEWS Jr	EXECUTIVE DIRECTOR	45.00	Officer Highest	$125,000	$0	$125,000
BOB ROBERSON	DIRECTOR	2.00	Director	$0	$0	$0
ROD WILSON	DIRECTOR	0.00	Director	$0	$0	$0
RICK JEFFARES	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
DAVID KUBAA	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT LOVETT	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL CLAY	SECRETARY	0.00	Officer 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
2021	$4,117,604	$2,767,507	$3,435,226	$1,350,097
2020	$2,802,104	$2,323,736	$2,066,825	$478,368
2019	$3,927,396	$3,308,590	$1,587,710	$618,806
2018	$3,966,317	$3,779,463	$1,052,338	$186,854

GEORGIA RURAL WATER ASSOCIATION INC