PLEASANT GROVE WATER SUPPLY CORPORATION (EIN 751919889) - 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 D MCLEOD

Phone

9033899644

Tax Period

2024-01-01 to 2024-12-31

PLEASANT GROVE WATER SUPPLY CORPORATION, founded in 1968, is a small nonprofit that reported $589K in total revenue in fiscal year 2024. The organization ran a surplus of $127K, a strong 22% operating margin.

Mission

PROVIDE POTABLE WATER TO RURAL AREAS

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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 $553,676

Investment Income $35,238

Other Revenue $0

TOTAL REVENUE $588,914

Expense Breakdown

Grants Paid $0

Salaries & Benefits $211,364

Fundraising Expenses $0

Other Expenses $250,289

TOTAL EXPENSES $461,653

Year-over-Year Comparison

	2024	2023	Change
Revenue	$588,914	$589,422	0.0%
Expenses	$461,653	$635,765	-0.3%
Net Income	$127,261	$-46,343	-3.7%

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
JERRY DON MCLEOD	PRESIDENT	2.00	Officer Director	$0	$0	$0
DEB MANAHAN	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
KEITH TURCHI	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN ALFORD	DIRECTOR	2.00	Director	$0	$0	$0
PHIL WHATLEY	DIRECTOR	2.00	Director	$0	$0	$0
JUSTIN TURNER	DIRECTOR	2.00	Director	$0	$0	$0
DOYLE FAUGHN	DIRECTOR	2.00	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	$588,914	$461,653	$1,499,765	$127,261
2023	$589,422	$635,765	$1,375,865	$-46,343
2022	$533,304	$420,072	$1,421,864	$113,232
2021	$481,658	$379,345	$1,304,332	$102,313
2020	$440,455	$429,491	$1,202,019	$10,964
2018	$423,778	$398,057	$1,274,767	$25,721

PLEASANT GROVE WATER SUPPLY CORPORATION