THE GAGE CANAL 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

1890

Legal Domicile

Principal Officer

ERIC JOHNSON

Phone

9517801333

Tax Period

2024-10-01 to 2025-09-30

THE GAGE CANAL COMPANY, founded in 1890, is a community nonprofit that reported $5.0M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $4.8M left a modest 5% surplus.

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

Program Service Accomplishments

Program 1

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,957,209

Investment Income $63,183

Other Revenue $19,139

TOTAL REVENUE $5,039,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,649,601

Fundraising Expenses $0

Other Expenses $3,160,775

TOTAL EXPENSES $4,810,376

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,039,531	$4,448,449	+0.1%
Expenses	$4,810,376	$4,335,071	+0.1%
Net Income	$229,155	$113,378	+1.0%

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

$202,376

Total Directors

$3,210

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC JOHNSON	PRESIDENT	1.00	Officer Director	$390	$0	$390
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	$630	$0	$630
JOANNA AYON	DIRECTOR	1.00	Director	$540	$0	$540
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
CHARLOTTE DAVIDSON	DIRECTOR	1.00	Director	$390	$0	$390
TOM EVANS	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN ALMS	GENERAL MANAGER	40.00	Officer	$173,177	$28,179	$201,356
MICHELLE DIAMOND	WATER OPERATIONS SUPERVISO	40.00	Highest	$123,956	$14,748	$138,704
JOSE ZAMBRANO	CANAL FOREMAN	40.00	Highest	$116,858	$31,995	$148,853

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	$5,039,531	$4,810,376	$4,098,203	$229,155
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