GOODSPRINGS WATER SUPPLY CORPORATI… - Form 990 Financial Data

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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

1965

Legal Domicile

Phone

9036462851

Tax Period

2024-01-01 to 2024-12-31

GOODSPRINGS WATER SUPPLY CORPORATION, founded in 1965, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $884K in total revenue in fiscal year 2024. Expenses of $783K left a modest 11% surplus.

Mission

SUPPLY POTABLE WATER TO RURAL RESIDENTS OF THE GOODSPRINGS COMMUNITY

Program Service Accomplishments

Program 1

ALL REVENUE AND EXPENSES ARE USED AND EXPENDED FOR THE SOLE PURPOSE OF PROVIDING THE CUSTOMERS WITH POTABLE DRINKING WATER

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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 $872,248

Investment Income $11,391

Other Revenue $56

TOTAL REVENUE $883,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $278,108

Fundraising Expenses $0

Other Expenses $504,835

TOTAL EXPENSES $782,943

Year-over-Year Comparison

	2024	2023	Change
Revenue	$883,695	$906,502	0.0%
Expenses	$782,943	$715,200	+0.1%
Net Income	$100,752	$191,302	-0.5%

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
CHARLES KEITH	Director	0.00	Director	$0	$0	$0
MARK STEVEN NICHOLS	President	1.00	Officer Director	$0	$0	$0
KAREN HOLLAND	Vice President	1.00	Officer Director	$0	$0	$0
TRAVIS STUART	Secretary/Treas	1.00	Director	$0	$0	$0
BRETT CROSS	Director	0.00	Director	$0	$0	$0
TONY CAVALIERE	Director	1.00	Officer Director	$0	$0	$0
JEFF HARMAN	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	$883,695	$782,943	$3,999,651	$100,752
2023	$906,502	$715,200	$3,945,993	$191,302
2022	$819,107	$706,051	$3,769,982	$113,056
2021	$714,948	$617,001	$3,710,489	$97,947
2020	$627,437	$604,815	$3,617,033	$22,622
2019	$565,511	$645,760	$3,605,449	$-80,249
2018	$522,859	$565,645	$3,706,424	$-42,786

GOODSPRINGS WATER SUPPLY CORPORATION