MT GILEAD IMPROVE WATER ASSOCIATION

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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

1972

Legal Domicile

Principal Officer

KENNETH R SAULS

Phone

6017369003

Tax Period

2023-07-01 to 2024-06-30

MT GILEAD IMPROVE WATER ASSOCIATION, founded in 1972, is a small nonprofit in the Public & Societal Benefit sector that reported $540K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Net assets of $1.5M represent 33 months of operating reserves.

Mission

RURAL WATER ASSOCIATION ORGANIZED TO PROVIDE WATER SERVICE TO ITS MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $464,022 Revenue: $539,894

RURAL WATER ASSOCIATION ORGANIZED TO PROVIDE WATER SERVICE TO ITS 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 (2023)

Revenue Breakdown

Contributions & Grants $76,908

Program Service Revenue $462,407

Investment Income $578

Other Revenue $0

TOTAL REVENUE $539,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,715

Fundraising Expenses $0

Program Expenses $464,022

Other Expenses $439,557

TOTAL EXPENSES $550,272

Year-over-Year Comparison

	2023	2022	Change
Revenue	$539,893	$424,376	+0.3%
Expenses	$550,272	$453,530	+0.2%
Net Income	$-10,379	$-29,154	-0.6%

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

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
DANNY ROGERS	BOARD MEMBER	2.00	Director	$0	$0	$0
BILL BOLTON	BOARD MEMBER	2.00	Director	$0	$0	$0
CLAY BROOM	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT PETERS	BOARD MEMBER	2.00	Director	$0	$0	$0
J V GREER	BOARD MEMBER	2.00	Director	$0	$0	$0
KEN SAULS	PRESIDENT	2.00	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
2024	$539,893	$550,272	$3,323,320	$-10,379
2023	$424,376	$453,530	$3,386,291	$-29,154
2022	$421,129	$480,597	$3,476,935	$-59,468
2021	$408,081	$515,929	$3,621,007	$-107,848
2020	$385,320	$489,355	$3,791,409	$-104,035
2019	$577,308	$446,167	$3,938,212	$131,141