THE GAGE CANAL COMPANY (EIN 951643230) - 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

1890

Legal Domicile

Principal Officer

ERIC JOHNSON

Phone

9517801333

Tax Period

2023-10-01 to 2024-09-30

THE GAGE CANAL COMPANY, founded in 1890, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF THE GAGE CANAL WATER COMPANY IS TO PROVIDE WATER TO ITS SHAREHOLDERS IN AN EFFICIENT AND COST EFFECTIVE MANNER AS A NOT FOR PROFIT BUSINESS.

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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 $4,412,050

Investment Income $17,304

Other Revenue $19,095

TOTAL REVENUE $4,448,449

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,484,800

Fundraising Expenses $0

Other Expenses $2,850,271

TOTAL EXPENSES $4,335,071

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,448,449	$4,064,243	+0.1%
Expenses	$4,335,071	$4,063,614	+0.1%
Net Income	$113,378	$629	+179.3%

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

$173,913

Total Directors

$2,970

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN ALMS	GENERAL MANAGER	40.00	Officer	$149,920	$22,823	$172,743
MICHELLE DIAMOND	WATER OPERATIONS SUPERVISOR	40.00	Highest	$124,379	$13,098	$137,477
JOSE ZAMBRANO	CANAL FOREMAN	40.00	Highest	$103,482	$22,024	$125,506
ERIC JOHNSON	PRESIDENT	1.00	Officer Director	$540	$0	$540
MICHAEL SALOMON	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON GLESS	TREASURER	1.00	Officer Director	$630	$0	$630
PEGGY MAUK	SECRETARY	1.00	Director	$0	$0	$0
CHRIS MACARTHUR	DIRECTOR	1.00	Director	$630	$0	$630
JOEL GARCIA	DIRECTOR	1.00	Director	$570	$0	$570
JOANNA AYON	DIRECTOR	1.00	Director	$360	$0	$360
ANTONIO AYON	FORMER DIRECTOR	1.00	Director	$240	$0	$240
PETER WOHLGEMUTH	DIRECTOR	1.00	Director	$0	$0	$0
CARL PONGS	DIRECTOR	1.00	Director	$0	$0	$0
NANCY MELENDEZ	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GARCIA	DIRECTOR	1.00	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
2024	$4,448,449	$4,335,071	$3,599,374	$113,378
2023	$4,064,243	$4,063,614	$3,457,670	$629
2022	$3,622,871	$3,898,279	$3,486,217	$-275,408
2021	$3,287,704	$3,261,461	$3,778,956	$26,243
2020	$3,114,504	$3,323,038	$3,850,101	$-208,534
2019	$2,993,022	$2,725,586	$3,911,657	$267,436
2018	$2,805,145	$2,970,274	$3,629,646	$-165,129

THE GAGE CANAL COMPANY