GARFIELD WATER SUPPLY CORPORATION (EIN 742379423) - 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

1966

Legal Domicile

Phone

5122477068

Tax Period

2024-11-01 to 2025-10-31

GARFIELD WATER SUPPLY CORPORATION, founded in 1966, is a small nonprofit that reported $731K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $137K, a strong 19% operating margin.

Mission

TO PROVIDE POTABLE WATER TO OVER 500 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $720,650

Investment Income $10,197

Other Revenue $0

TOTAL REVENUE $730,847

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,238

Fundraising Expenses $0

Other Expenses $402,749

TOTAL EXPENSES $593,987

Year-over-Year Comparison

	2024	2023	Change
Revenue	$730,847	$980,411	-0.3%
Expenses	$593,987	$804,509	-0.3%
Net Income	$136,860	$175,902	-0.2%

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

N/A

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
HECTOR GARCIA	Director	12.00	Director	$0	$0	$0
TED WILSON	Director	12.00	Director	$0	$0	$0
WILL DAVIS	President & CEO	12.00	Officer	$0	$0	$0
ROSEMARY KALINA	Vice President	12.00	Officer	$0	$0	$0
SUSAN MUGNO	Secretary	12.00	Officer	$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	$730,847	$593,987	$3,577,420	$136,860
2024	$980,411	$804,509	$3,984,996	$175,902
2023	$504,371	$534,568	$2,527,711	$-30,197
2022	$633,770	$424,591	$2,415,054	$209,179
2021	$588,925	$386,686	$2,213,386	$202,239
2020	$388,082	$411,154	$2,067,076	$-23,072

GARFIELD WATER SUPPLY CORPORATION