Pilgrim Rest Water Association (EIN 640465305) - 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

2023

Legal Domicile

Phone

6012675803

Tax Period

2024-10-01 to 2025-09-30

Pilgrim Rest Water Association, founded in 2023, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 732% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 96% operating margin.

Mission

The association provides water utility service to approximately 135 members

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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 $1,693,911

Program Service Revenue $41,744

Investment Income $783

Other Revenue $0

TOTAL REVENUE $1,736,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,986

Fundraising Expenses $0

Program Expenses $66,017

Other Expenses $50,849

TOTAL EXPENSES $72,835

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,736,438	$208,816	+7.3%
Expenses	$72,835	$51,211	+0.4%
Net Income	$1,663,603	$157,605	+9.6%

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

N/A

Employees

N/A

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
Kurt McDanial	Director	1.00	Director	$0	$0	$0
Ronnie Morris	Director	1.00	Director	$0	$0	$0
Frankie Rushing	Secretary	5.00	Officer Director	$0	$0	$0
Ned Rushing	President	2.00	Officer Director	$0	$0	$0
Jannie Leflore	Director	1.00	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
2025	$1,736,438	$72,835	$1,988,984	$1,663,603
2024	$208,816	$51,211	$325,072	$157,605

Pilgrim Rest Water Association