COTTONWOOD MUTUAL WATER 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

2013

Legal Domicile

Principal Officer

MICHAEL JOHANSON

Phone

8018763895

Tax Period

2025-01-01 to 2025-12-31

COTTONWOOD MUTUAL WATER COMPANY, founded in 2013, is a small nonprofit in the Environment sector that reported $855K in total revenue in fiscal year 2025. Expenses of $809K left a modest 5% surplus.

Mission

THE COMPANY IS IN THE BUSINESS OF SELLING CULINARY WATER TO ITS CUSTOMERS LOCATED IN MORGAN COUNTY, UTAH. THE COMPANY MAINTAINS A CULINARY WATER SYSTEM TO PROVIDE WATER. THE COMPANY ALSO ACQUIRES AND MAINTAINS WATER RIGHTS SO IT HAS THE ABILITY TO PROVIDE WATER. THE COMPANY OPERATES SIMILAR TO A MUTUAL DITCH COMPANY IN THAT THEY PROVIDE WATER TO THE USERS WITHIN THE SERVICE AREA OF THE COMPANY.

Program Service Accomplishments

Program 1

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $816,524

Investment Income $35,856

Other Revenue $2,653

TOTAL REVENUE $855,033

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,296

Fundraising Expenses $0

Other Expenses $616,642

TOTAL EXPENSES $808,938

Year-over-Year Comparison

	2025	2024	Change
Revenue	$855,033	$829,093	+0.0%
Expenses	$808,938	$747,423	+0.1%
Net Income	$46,095	$81,670	-0.4%

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

$177,997

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL JOHANSON	DIRECTOR	40.00	Officer	$177,997	$0	$177,997
CYNTHIA MATTSON	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN MERRETT	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATIE PERRY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CHRIS THOMSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG WATKINS	BOARD MEMBER	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
2025	$855,033	$808,938	$4,517,985	$46,095
2024	No data	No data	No data	No data
2023	$734,280	$704,465	$4,715,827	$29,815
2022	$693,421	$708,621	$4,717,870	$-15,200
2021	$783,278	$694,317	$4,515,548	$88,961
2020	$949,403	$693,881	$4,279,284	$255,522
2019	$643,562	$670,225	$4,037,728	$-26,663
2018	$638,762	$541,087	$3,734,809	$97,675