Goodwill Water System Inc

EIN: 720762711 Mutual Benefit

Oak Grove, LA

Total Revenue
$364,106
Total Expenses
$303,556
Total Assets
$858,907
Net Assets
$730,770
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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
1970
Legal Domicile
LA
Principal Officer
Charles Townsend
Phone
3184283624
Tax Period
2024-01-01 to 2024-12-31

Goodwill Water System Inc, founded in 1970, is a small nonprofit in the Mutual Benefit sector that reported $364K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $61K, a strong 17% operating margin.

Mission

Provide water service to 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $68,958
Program Service Revenue $293,815
Investment Income $1,333
Other Revenue $0
TOTAL REVENUE $364,106

Expense Breakdown

Grants Paid $0
Salaries & Benefits $105,991
Fundraising Expenses $0
Program Expenses $296,039
Other Expenses $197,565
TOTAL EXPENSES $303,556

Year-over-Year Comparison

2024 2023 Change
Revenue $364,106 $393,970 -0.1%
Expenses $303,556 $394,962 -0.2%
Net Income $60,550 $-992 -62.0%
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

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Governance

Voting Members
5
Independent Members
5
Employees
5
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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES TOWNSEND President 0.00
Officer Director
$0 $0 $0
LARRY DRURY Director 0.00
Director
$0 $0 $0
J C STRONG Director 0.00
Director
$0 $0 $0
PAUL YOUNG Director 0.00
Director
$0 $0 $0
DEAN HELMER Director 0.00
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 $364,106 $303,556 $858,907 $60,550
2023 $393,970 $394,962 $940,579 $-992
2022 $301,143 $292,523 $962,409 $8,620
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