PISGAH RESERVOIR AND DITCH COMPANY

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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

2023-10-01 to 2024-09-30

PISGAH RESERVOIR AND DITCH COMPANY, founded in 1923, is a small nonprofit that reported $330K in total revenue in fiscal year 2023. Revenue surged 181% from the prior year, signaling strong growth momentum. The organization ran a surplus of $185K, a strong 56% operating margin.

Mission

OPERATION AND MAINTENANCE OF MUTUAL IRRIGATION CANAL AND RESERVOIR

Program Service Accomplishments

Program 1

OPERATION AND 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $292,850

Investment Income $0

Other Revenue $37,173

TOTAL REVENUE $330,023

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,007

Fundraising Expenses $0

Other Expenses $134,957

TOTAL EXPENSES $144,964

Year-over-Year Comparison

	2023	2022	Change
Revenue	$330,023	$117,581	+1.8%
Expenses	$144,964	$93,778	+0.5%
Net Income	$185,059	$23,803	+6.8%

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

$400

Total Directors

$580

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN FRANZ	PRESIDENT THRU 8.26.24	2.00	Officer Director	$200	$0	$200
JARED GARDNER	VICE PRESIDENT THRU 8.26.24	2.00	Officer Director	$200	$0	$200
ERIC HANAGAN	DIRECTOR THRU 8.26.24	2.00	Director	$75	$0	$75
NATHAN KNAPP	DIRECTOR	2.00	Director	$75	$0	$75
SCOTT LARSEN	DIRECTOR THRU 8.26.24	2.00	Director	$30	$0	$30
ANDY WELCH	DIRECTOR START 8.26.24	2.00	Director	$0	$0	$0
DWIGHT PROCTOR	DIRECTOR START 8.26.24	2.00	Director	$0	$0	$0
RENA GRIGGS	DIRECTOR START 8.26.24	2.00	Director	$0	$0	$0
WADE JAMES	DIRECTOR START 8.26.24	2.00	Director	$0	$0	$0
ED MAYHOFFER	DIRECTOR START 8.26.24	2.00	Director	$0	$0	$0
GEORGE HANZAS	SECRETARY START 8.26.24	2.00	Officer Director	$0	$0	$0
TONY WARNOCK	PRESIDENT START 8.26.24	2.00	Officer Director	$0	$0	$0
PETER HURT	VICE PRESIDENT START 8.26.24	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