ROCK HILL COMMUNITY WATER ASSOCIATION INC (EIN 640590205) - 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

1967

Legal Domicile

Principal Officer

GARY GIBSON

Phone

6623247300

Tax Period

2023-07-01 to 2024-06-30

ROCK HILL COMMUNITY WATER ASSOCIATION INC, founded in 1967, is a small nonprofit that reported $160K in total revenue in fiscal year 2023. Expenses of $202K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE RURAL WATER SERVICE TO ITS MEMBERSHIP.

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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 (2023)

Revenue Breakdown

Contributions & Grants $160,378

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $160,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $198,887

Other Expenses $202,075

TOTAL EXPENSES $202,075

Year-over-Year Comparison

	2023	2022	Change
Revenue	$160,378	$164,923	0.0%
Expenses	$202,075	$176,418	+0.1%
Net Income	$-41,697	$-11,495	+2.6%

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

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	Role	Reportable Comp	Other Comp	Total
JIMMIE BOND	BOARD MEMBER	Director	$0	$0	$0
CHARLES WARE	BOARD MEMBER	Director	$0	$0	$0
GARY GIBSON	PRESIDENT	Officer	$0	$0	$0
JOHN PEEPLES III	VICE-PRESIDENT	Officer	$0	$0	$0
PATRICIA MASON	SECRETARY	Officer	$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	No data	No data	No data	No data
2024	$160,378	$202,075	$661,765	$-41,697
2023	$164,923	$176,418	$735,184	$-11,495
2022	$157,293	$176,532	$777,676	$-19,239
2021	$166,637	$158,485	$830,514	$8,152
2020	$153,869	$157,474	$854,902	$-3,605
2019	$156,965	$165,550	$887,755	$-8,585

ROCK HILL COMMUNITY WATER ASSOCIATION INC