The Grove Water Supply Corporation (EIN 741652951) - 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

1968

Legal Domicile

Phone

2548655567

Tax Period

2024-12-01 to 2025-11-30

The Grove Water Supply Corporation, founded in 1968, is a small nonprofit that reported $498K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $84K, a strong 17% operating margin.

Mission

To provide potable water utility service to members of the water system.

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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 $469,304

Investment Income $4,927

Other Revenue $23,950

TOTAL REVENUE $498,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $375,042

Other Expenses $413,761

TOTAL EXPENSES $413,761

Year-over-Year Comparison

	2024	2023	Change
Revenue	$498,181	$559,074	-0.1%
Expenses	$413,761	$410,518	+0.0%
Net Income	$84,420	$148,556	-0.4%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Glenn Schwanke	President	2.00	Officer Director	$0	$0	$0
Guy Mathews	Treasurer	2.00	Officer Director	$0	$0	$0
Susan Dosey	Director	2.00	Director	$0	$0	$0
Michael Seiler	Director	2.00	Director	$0	$0	$0
Chris Slaughter	Director	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
2025	$498,181	$413,761	$1,604,661	$84,420
2024	$559,074	$410,518	$1,537,897	$148,556
2023	$465,781	$411,380	$1,347,890	$54,401
2022	$443,192	$415,318	$1,282,509	$27,874
2021	$320,448	$367,118	$1,222,000	$-46,670
2020	$333,294	$353,346	$1,286,742	$-20,052
2019	$307,473	$352,830	$1,300,908	$-45,357
2018	$321,658	$372,691	$1,322,182	$-51,033

The Grove Water Supply Corporation