PLEASANT GROVE WATER ASSOC INC (EIN 710605594) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

BARTON FOLL

Phone

8706523385

Tax Period

2024-01-01 to 2024-12-31

PLEASANT GROVE WATER ASSOC INC, founded in 1983, is a small nonprofit that reported $645K in total revenue in fiscal year 2018. Expenses of $617K left a modest 4% surplus.

Mission

OPERATE A WATER DISTRIBUTION SYSTEM.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $763,242

Investment Income $2,831

Other Revenue $0

TOTAL REVENUE $766,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $176,231

Fundraising Expenses $0

Other Expenses $616,226

TOTAL EXPENSES $792,457

Year-over-Year Comparison

	2024	2023	Change
Revenue	$766,073	$728,121	+0.1%
Expenses	$792,457	$766,520	+0.0%
Net Income	$-26,384	$-38,399	-0.3%

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

$74,460

Total Directors

$47,940

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNY SWAFFORD	MEMBER	24.00	Officer Director	$47,940	$0	$47,940
JENNIFER CASEY	SECRETARY/TR	24.00	Officer	$26,520	$0	$26,520
KENT BREWER	MEMBER	1.00	Director	$0	$0	$0
LUCIEN CASEY	MEMBER	1.00	Director	$0	$0	$0
ALBERT DICK	MEMBER	1.00	Director	$0	$0	$0
BARTON FOLL	PRESIDENT	1.00	Officer Director	$0	$0	$0
TERRY HALL	MEMBER	1.00	Director	$0	$0	$0
SHANNON SCROGGINS	MEMBER	1.00	Director	$0	$0	$0
LADD SIMS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BRIAN STOLTZE	MEMBER	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
2024	$766,073	$792,457	$2,527,999	$-26,384
2023	$728,121	$766,520	$2,648,116	$-38,399
2022	$726,671	$718,279	$2,742,169	$8,392
2021	$697,877	$660,854	$2,789,691	$37,023
2020	$630,956	$607,240	$2,899,485	$23,716
2019	$599,313	$596,848	$2,919,381	$2,465
2018	$644,683	$617,468	$3,193,812	$27,215

PLEASANT GROVE WATER ASSOC INC