GROUNDWATER SOLUTIONS INC

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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

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 resources

Program Service Accomplishments

Program 1

Expenses: $652,334 Revenue: $640,446

COVID GOVERNMENT FUNDING TO PROVIDE SERVICES TO THOSE IMPACTED BY COVID

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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 (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

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

Total Directors

Key Employees

Highest Compensated

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