Pattison Water Supply Corporation (EIN 741905499) - 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

1970

Legal Domicile

Principal Officer

Jeff McGowan

Phone

2819342475

Tax Period

2023-01-01 to 2023-12-31

Pattison Water Supply Corporation, founded in 1970, is a small nonprofit that reported $414K in total revenue in fiscal year 2023. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $235K, a strong 57% operating margin.

Mission

Public water supply

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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 $0

Program Service Revenue $0

Investment Income $1,028

Other Revenue $412,685

TOTAL REVENUE $413,713

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,231

Fundraising Expenses $0

Other Expenses $95,743

TOTAL EXPENSES $178,974

Year-over-Year Comparison

	2023	2022	Change
Revenue	$413,713	$213,707	+0.9%
Expenses	$178,974	$175,756	+0.0%
Net Income	$234,739	$37,951	+5.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff McGowen	Pres-Director	5.00	Officer Director	$0	$0	$0
Elizabeth Matthews	S/T-Director	1.00	Officer Director	$0	$0	$0
Hollis Ulbricht	VP/Director	1.00	Officer Director	$0	$0	$0
Robert McCallum	Director	1.00	Director	$0	$0	$0
Garrett Gilliam	Director	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	No data	No data	No data	No data
2023	$413,713	$178,974	$1,016,042	$234,739
2022	$213,707	$175,756	$816,488	$37,951
2021	$74,311	$126,895	$564,305	$-52,584
2020	$150,844	$110,953	$612,169	$39,891
2019	$119,656	$184,151	$576,410	$-64,495
2018	$180,055	$221,138	$632,950	$-41,083

Pattison Water Supply Corporation