GLADE WATER WORKS ASSOCIATION INC

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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

1965

Legal Domicile

Phone

6014280586

Tax Period

2024-07-01 to 2025-06-30

GLADE WATER WORKS ASSOCIATION INC, founded in 1965, is a small nonprofit that reported $601K in total revenue in fiscal year 2024.

Mission

TO PROVIDE WATER TO MEMBERS OF GLADE WATER WORKS ASSOCIATION, INC.

Program Service Accomplishments

Program 1

Expenses: $473,745

TO PROVIDE WATER TO MEMBERS OF GLADE WATER ASSOCIATION, INC.

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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 $555,074

Investment Income $5,368

Other Revenue $41,033

TOTAL REVENUE $601,475

Expense Breakdown

Grants Paid $30,250

Salaries & Benefits $241,084

Fundraising Expenses $0

Program Expenses $473,745

Other Expenses $315,417

TOTAL EXPENSES $586,751

Year-over-Year Comparison

	2024	2023	Change
Revenue	$601,475	$597,001	+0.0%
Expenses	$586,751	$572,278	+0.0%
Net Income	$14,724	$24,723	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOMMY DOGGETT	BOARD MEMBER	3.00	Director	$0	$0	$0
WALT HAMILTON	SECRETARYTREASURER	3.00	Officer Director	$0	$0	$0
BECKY SHOEMAKER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
THOMAS MORGAN	BOARD MEMBER	3.00	Director	$0	$0	$0
JOSEPH PURVIS	BOARD MEMBER	3.00	Director	$0	$0	$0
STAN NORWOOD	PRESIDENT	3.00	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
2025	$601,475	$586,751	$1,375,983	$14,724
2024	$597,001	$572,278	$1,417,933	$24,723
2023	$518,192	$521,603	$1,442,987	$-3,411
2022	$465,956	$504,953	$1,510,342	$-38,997
2021	$465,029	$492,656	$1,580,682	$-27,627
2020	$497,085	$466,985	$1,656,431	$30,100
2019	$453,692	$451,100	$1,673,212	$2,592