GROUNDWATER SOLUTIONS INC

EIN: 834352019 501(c)(3) Community Improvement

CHARLOTTE, NC

Total Revenue
$640,446
Total Expenses
$652,335
Total Assets
N/A
Net Assets
N/A
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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
2019
Legal Domicile
NC
Principal Officer
TRASHA BLACK
Phone
7044923506
Tax Period
2021-01-01 to 2021-12-31

GROUNDWATER SOLUTIONS INC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $640K in total revenue in fiscal year 2021. Revenue decreased 20% compared to the prior year.

Mission

North Carolina families are empowered, stable, and have unrestricted access to healthcare to resources

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $640,446
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $640,446

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $652,334
Other Expenses $652,335
TOTAL EXPENSES $652,335

Year-over-Year Comparison

2021 2020 Change
Revenue $640,446 $800,000 -0.2%
Expenses $652,335 $806,413 -0.2%
Net Income $-11,889 $-6,413 +0.9%
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

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR TARSHA BLACK EXECUTIVE DIRECTO 50
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
2021 $640,446 $652,335 No data $-11,889
2020 No data No data No data No data
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