ABERDEEN-SPRINGFIELD CANAL COMPANY (EIN 820093970) - 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

1961

Legal Domicile

Principal Officer

BRAD SHACKELFORD

Phone

2083974192

Tax Period

2024-10-01 to 2025-09-30

ABERDEEN-SPRINGFIELD CANAL COMPANY, founded in 1961, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $3.7M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE MANAGEMENT, MAINTENANCE AND DELIVERY OF WATER CONTROL FOR THE COMPANY'S SERVICE AREA.

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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 $3,044,893

Investment Income $67,795

Other Revenue $66,863

TOTAL REVENUE $3,179,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,366,943

Fundraising Expenses $0

Other Expenses $2,354,361

TOTAL EXPENSES $3,721,304

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,179,551	$3,739,311	-0.1%
Expenses	$3,721,304	$2,850,203	+0.3%
Net Income	$-541,753	$889,108	-1.6%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD SHACKELFORD	PRESIDENT	N/A	Officer Director	$0	$0	$0
WILL ROWE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DOUG RUFF	TREASURER	N/A	Officer Director	$0	$0	$0
VAL WHALEN	BOARD MEMBER	N/A	Director	$0	$0	$0
JOHN HOUGHLAND	BOARD MEMBER	N/A	Director	$0	$0	$0
MEL CHAPPELL	BOARD MEMBER	N/A	Director	$0	$0	$0
THAYNE DRISCOLL	BOARD MEMBER	N/A	Director	$0	$0	$0
DARYL THOMPSON	BOARD MEMBER	N/A	Director	$0	$0	$0
RAY DUFFIN	BOARD MEMBER	N/A	Director	$0	$0	$0
CONAN FELD	BOARD MEMBER	N/A	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
2025	$3,179,551	$3,721,304	$6,291,551	$-541,753
2024	$3,739,311	$2,850,203	$6,827,504	$889,108
2023	$3,410,576	$2,449,256	$5,959,565	$961,320
2022	$3,199,383	$2,702,113	$4,973,666	$497,270
2021	$3,682,474	$2,976,520	$4,644,651	$705,954
2020	$2,819,716	$2,871,026	$4,716,788	$-51,310
2019	$2,473,875	$2,600,536	$4,631,291	$-126,661

ABERDEEN-SPRINGFIELD CANAL COMPANY