PISGAH RESERVOIR AND DITCH COMPANY (EIN 840407037) - 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

1923

Legal Domicile

Principal Officer

TONY WARNOCK

Phone

7192543389

Tax Period

2024-10-01 to 2024-12-31

PISGAH RESERVOIR AND DITCH COMPANY, founded in 1923, is a micro nonprofit that reported $3K in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $37K exceeded revenue, resulting in a 1206% operating deficit.

Mission

OPERATION & MAINTENANCE OF MUTUAL IRRIGATION CANAL AND RESERVOIR

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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 $1,167

Investment Income $0

Other Revenue $1,645

TOTAL REVENUE $2,812

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,208

Fundraising Expenses $0

Other Expenses $35,516

TOTAL EXPENSES $36,724

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,812	$330,023	-1.0%
Expenses	$36,724	$144,964	-0.7%
Net Income	$-33,912	$185,059	-1.2%

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

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
ANDY WELCH	DIRECTOR	2.00	Director	$0	$0	$0
DWIGHT PROCTOR	DIRECTOR	2.00	Director	$0	$0	$0
RENA GRIGGS	DIRECTOR	2.00	Director	$0	$0	$0
WADE JAMES	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE HANZAS	SECRETARY	2.00	Officer Director	$0	$0	$0
TONY WARNOCK	PRESIDENT	2.00	Officer Director	$0	$0	$0
PETER HURT	VICE PRESIDENT	2.00	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
2025	No data	No data	No data	No data
2024	$330,023	$144,964	$1,414,364	$185,059
2024	$2,812	$36,724	$1,380,182	$-33,912
2023	$117,581	$93,778	$1,451,363	$23,803
2022	$115,132	$63,574	$1,456,523	$51,558
2021	$57,625	$63,595	$1,458,430	$-5,970
2020	$55,141	$66,621	$1,468,920	$-11,480

PISGAH RESERVOIR AND DITCH COMPANY