Gilgal Water System Inc (EIN 720872390) - 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

1990

Legal Domicile

Principal Officer

Terry Sanders

Phone

3183719097

Tax Period

2024-01-01 to 2024-12-31

Gilgal Water System Inc, founded in 1990, is a small nonprofit that reported $289K in total revenue in fiscal year 2024. Expenses of $378K exceeded revenue, resulting in a 31% operating deficit.

Mission

Rural Water Services

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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 $0

Program Service Revenue $283,618

Investment Income $5,487

Other Revenue $0

TOTAL REVENUE $289,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,346

Fundraising Expenses $0

Program Expenses $378,218

Other Expenses $361,872

TOTAL EXPENSES $378,218

Year-over-Year Comparison

	2024	2023	Change
Revenue	$289,105	$294,319	0.0%
Expenses	$378,218	$296,755	+0.3%
Net Income	$-89,113	$-2,436	+35.6%

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

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

$15,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joel Clary	Board Member	2.00	Director	$0	$0	$0
Margaret A Cox	Secretary/Treasurer	16.00	Officer	$15,100	$0	$15,100
Terry Sanders	President	15.00	Officer	$0	$0	$0
Terry Sanders Jr	Board Member	2.00	Director	$0	$0	$0
Jimmy Smith	Board Member	2.00	Director	$0	$0	$0
Brian Driskill	Board Member	2.00	Director	$0	$0	$0
Clint Heflin	Board Member	2.00	Director	$0	$0	$0
Mike Talkington	Board Member	2.00	Director	$0	$0	$0
Alton McCann	Board Member	2.00	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	$289,105	$378,218	$3,611,298	$-89,113
2023	$294,319	$296,755	$3,705,797	$-2,436
2022	$316,934	$302,365	$3,739,143	$14,569
2021	$310,344	$289,669	$3,758,639	$20,675
2020	$294,822	$293,260	$3,761,614	$1,562
2019	$273,549	$285,436	$3,788,027	$-11,887
2018	$234,542	$292,407	$3,832,416	$-57,865

Gilgal Water System Inc