ANGUS WATER SUPPLY CORPORATION (EIN 751865393) - 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

1962

Legal Domicile

Principal Officer

MELINDA GATEWOOD

Phone

9038746773

Tax Period

2024-01-01 to 2024-12-31

ANGUS WATER SUPPLY CORPORATION, founded in 1962, is a small nonprofit that reported $425K in total revenue in fiscal year 2024.

Mission

PROVIDE TREATED SURFACE WATER TO 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 $422,410

Investment Income $2,203

Other Revenue $0

TOTAL REVENUE $424,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,823

Fundraising Expenses $0

Program Expenses $366,049

Other Expenses $321,492

TOTAL EXPENSES $431,315

Year-over-Year Comparison

	2024	2023	Change
Revenue	$424,613	$440,476	0.0%
Expenses	$431,315	$447,232	0.0%
Net Income	$-6,702	$-6,756	0.0%

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
CHRISTIE LASETER	DIRECTOR	2.00	Director	$0	$0	$0
LIZ SMITH	DIRECTOR	2.00	Director	$0	$0	$0
MARGARET WARD	DIRECTOR	2.00	Director	$0	$0	$0
LEORA LEAL	DIRECTOR	2.00	Director	$0	$0	$0
MELINDA GATEWOOD	PRESIDENT	5.00	Officer Director	$0	$0	$0
LOWELL GRABAU	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
PATRICK PATTERSON	SECRETARYTREASURER	5.00	Officer 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	$424,613	$431,315	$695,993	$-6,702
2023	$440,476	$447,232	$702,326	$-6,756
2022	$453,986	$421,525	$701,841	$32,461
2021	$343,981	$395,754	$633,976	$-51,773
2020	$315,319	$386,632	$655,620	$-71,313
2019	$281,457	$386,080	$788,994	$-104,623

ANGUS WATER SUPPLY CORPORATION