G-M WATER SUPPLY CORPORATION (EIN 751645192) - 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

Principal Officer

JERRY PICKARD

Phone

4097872755

Tax Period

2023-01-01 to 2023-12-31

G-M WATER SUPPLY CORPORATION, founded in 1968, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $621K, a strong 19% operating margin.

Mission

TO PROVIDE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,660,740

Investment Income $74,603

Other Revenue $588,040

TOTAL REVENUE $3,323,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $773,404

Fundraising Expenses $0

Program Expenses $2,539,246

Other Expenses $1,929,476

TOTAL EXPENSES $2,702,880

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,323,383	$4,257,633	-0.2%
Expenses	$2,702,880	$2,845,300	-0.1%
Net Income	$620,503	$1,412,333	-0.6%

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

Total Directors

$3,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE KELLEY	PRESIDENT	2.00	Director	$550	$0	$550
ANDREW MILLS	DIRECTOR	2.00	Director	$400	$0	$400
RD GRIFFIN	SECRETARY / TREASURER	2.00	Director	$600	$0	$600
CARL BEALL JR	VICE PRESIDENT	2.00	Director	$500	$0	$500
MIKE PENNINGTON	DIRECTOR	2.00	Director	$350	$0	$350
DANIEL FEATHERSTON	DIRECTOR	2.00	Director	$250	$0	$250
JIM NETHERY	DIRECTOR	2.00	Director	$400	$0	$400
ROBERT HARRIS JR	DIRECTOR	2.00	Director	$300	$0	$300
TOM INCE	DIRECTOR	2.00	Director	$500	$0	$500

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,323,383	$2,702,880	$12,599,423	$620,503
2022	$4,257,633	$2,845,300	$13,573,037	$1,412,333
2021	$2,399,484	$2,577,991	$13,419,742	$-178,507
2020	$2,689,912	$2,517,688	$13,816,466	$172,224
2019	$2,308,627	$2,311,518	$13,842,930	$-2,891
2018	$2,192,273	$2,195,561	$14,134,543	$-3,288

G-M WATER SUPPLY CORPORATION