COTTAGE HILL WATER WORKS INC (EIN 237010203) - 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

1965

Legal Domicile

Principal Officer

LYNN MITCHELL

Phone

8509685485

Tax Period

2023-10-01 to 2024-09-30

COTTAGE HILL WATER WORKS INC, founded in 1965, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $754K, a strong 36% operating margin.

Mission

TO PROVIDE SAFE, CLEAN POTABLE WATER TO ALL OF OUR MEMBERS.

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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 $2,076,642

Investment Income $5,428

Other Revenue $0

TOTAL REVENUE $2,082,070

Expense Breakdown

Grants Paid $0

Salaries & Benefits $443,585

Fundraising Expenses $0

Program Expenses $986,431

Other Expenses $884,216

TOTAL EXPENSES $1,327,801

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,082,070	$1,292,742	+0.6%
Expenses	$1,327,801	$1,033,888	+0.3%
Net Income	$754,269	$258,854	+1.9%

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

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

$140,022

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIELLE OCHSENREITER	CHAIR UNTIL 11/30/23	5.00	Officer Director	$0	$0	$0
RACHAEL KING	VICE CHAIR UNTIL AND CHAIR AS OF 8/21/24	2.00	Officer Director	$0	$0	$0
LINDI LATHROP	SECRETARY/TREASURER UNTIL 11/30/23	2.00	Officer Director	$0	$0	$0
STEVE GAFF	BOARD MEMBER/CHAIR 11/30/23-8/21/24	2.00	Officer Director	$0	$0	$0
DAVID TAYLOR - BOARD MEMBER	VICE CHAIR 11/30/23-3/12/24	2.00	Officer Director	$0	$0	$0
CARON POMAS - BOARD MEMBER	SECRETARY/TREASURER 11/30/23-5/3/24	2.00	Officer Director	$0	$0	$0
KAY MITCHELL - BOARD MEMBER	VICE CHAIR AS OF 8/21/24	2.00	Officer Director	$0	$0	$0
ELAINE MINTON	SECRETARY/TREASURER AS OF 5/3/24	2.00	Officer Director	$0	$0	$0
THEODORE WALKER	BOARD MEMBER AS OF 5/3/24	2.00	Director	$0	$0	$0
LYNN MITCHELL	EXECUTIVE DIRECTOR	40.00	Officer	$132,691	$7,331	$140,022

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	$2,082,070	$1,327,801	$2,799,204	$754,269
2023	$1,292,742	$1,033,888	$2,077,105	$258,854
2022	$1,030,350	$1,026,548	$1,662,661	$3,802
2021	$725,770	$837,663	$1,636,286	$-111,893
2020	$738,515	$737,103	$1,744,435	$1,412

COTTAGE HILL WATER WORKS INC