GREATER PINE ISLAND WATER ASSOCIAT… - Form 990 Financial Data

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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

JOHN CAMMICK

Phone

2392831071

Tax Period

2024-01-01 to 2024-12-31

GREATER PINE ISLAND WATER ASSOCIATION INCORPORATED, founded in 1964, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Net assets of $21.2M represent 56 months of operating reserves.

Mission

TO PROVIDE QUALITY WATER AT A REASONABLE PRICE, TO MAINTAIN AND IMPROVE WATER PRESSURE TO ALL HOMES, TO PROVIDE FIRE HYDRANTS, AND REDUCE THE CURRENT ISO RATNG.

Program Service Accomplishments

Program 1

THE ASSOCIATION PROVIDES WATER SERVICES TO OVER 7,000 MEMBERS IN THE GREATER PINE ISLAND AREA.

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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 $4,243,628

Investment Income $167,315

Other Revenue $119,574

TOTAL REVENUE $4,530,517

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,180,572

Fundraising Expenses $0

Other Expenses $2,523,622

TOTAL EXPENSES $4,704,194

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,530,517	$4,957,197	-0.1%
Expenses	$4,704,194	$4,506,129	+0.0%
Net Income	$-173,677	$451,068	-1.4%

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

$202,976

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN CAMMICK	PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL DEILE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL ROSE	TREASURER	1.00	Officer Director	$0	$0	$0
FRANK POTTER	SECRETARY	1.00	Officer Director	$0	$0	$0
TOM FERGUSON	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS DEKKER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE DREIKORN	DIRECTOR	1.00	Director	$0	$0	$0
ILA VALCARCEL	DIRECTOR	1.00	Director	$0	$0	$0
PAUL BROWN	DIRECTOR	1.00	Director	$0	$0	$0
MIKES MAILLAKAKIS	GENERAL MANAGER	40.00	Officer	$168,505	$34,471	$202,976
CHRIS GEORGE	DEPUTY GENERAL MANAGER	40.00	Highest	$120,660	$17,668	$138,328

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	$4,530,517	$4,704,194	$21,698,530	$-173,677
2023	$4,957,197	$4,506,129	$21,608,518	$451,068
2022	$3,230,155	$4,645,868	$21,378,041	$-1,415,713
2021	$4,257,303	$3,637,391	$22,001,864	$619,912
2020	$4,148,657	$3,377,010	$20,776,293	$771,647
2019	$4,193,491	$3,466,358	$19,920,680	$727,133
2018	$3,994,377	$3,436,279	$18,846,484	$558,098

GREATER PINE ISLAND WATER ASSOCIATION INCORPORATED