PACE WATER SYSTEM INC (EIN 591098296) - 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

1964

Legal Domicile

Principal Officer

DAMON BOUTWELL

Phone

8509945129

Tax Period

2024-01-01 to 2024-12-31

PACE WATER SYSTEM INC, founded in 1964, is a mid-sized nonprofit that reported $18.1M in total revenue in fiscal year 2024. The organization ran a surplus of $6.7M, a strong 37% operating margin.

Mission

TO OPERATE AND MAINTAIN A SYSTEM FOR THE SUPPLY AND DISTRIBUTION OF WATER, SEWER, AND REUSE WITHIN ITS FRANCHISE AREA GRANTED BY SANTA ROSA COUNTY.

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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 $18,112,612

Investment Income $23,544

Other Revenue $0

TOTAL REVENUE $18,136,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,535,220

Fundraising Expenses $0

Other Expenses $6,900,124

TOTAL EXPENSES $11,435,344

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,136,156	$17,321,635	+0.0%
Expenses	$11,435,344	$9,142,048	+0.3%
Net Income	$6,700,812	$8,179,587	-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

$280,321

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAMON BOUTWELL	GENERAL MANA	40.00	Officer	$169,160	$2,400	$171,560
DOUG DANGELO	CONTROLLER	40.00	Officer	$106,361	$2,400	$108,761
BILL CARNEY	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
HOWARD HARRIS	DIRECTOR	N/A	Director	$0	$0	$0
PAUL HINSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
MARY HOWELL	SECRETARY	N/A	Director	$0	$0	$0
CRAWFORD ODOM	DIRECTOR	N/A	Director	$0	$0	$0
DANNY WARRICK	TREASURER	N/A	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
2024	$18,136,156	$11,435,344	$145,459,162	$6,700,812
2023	$17,321,635	$9,142,048	$131,811,127	$8,179,587
2022	$14,421,848	$8,012,578	$113,717,258	$6,409,270
2021	$12,498,088	$10,206,622	$100,740,740	$2,291,466
2020	$12,076,265	$9,114,608	$92,808,024	$2,961,657
2019	$5,049,374	$4,696,386	$62,728,324	$352,988

PACE WATER SYSTEM INC