SALLAL WATER ASSOCIATION (EIN 237091727) - 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

1969

Legal Domicile

Principal Officer

DENISE SMUTNY

Phone

4258883650

Tax Period

2023-01-01 to 2023-12-31

SALLAL WATER ASSOCIATION, founded in 1969, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.9M exceeded revenue, resulting in a 20% operating deficit.

Mission

PROVIDE POTABLE WATER TO MEMBERSHIP

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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 $2,260,086

Investment Income $172,544

Other Revenue $2,776

TOTAL REVENUE $2,435,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $879,334

Fundraising Expenses $0

Other Expenses $2,042,092

TOTAL EXPENSES $2,921,426

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,435,406	$2,243,661	+0.1%
Expenses	$2,921,426	$2,355,265	+0.2%
Net Income	$-486,020	$-111,604	+3.4%

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

$11,900

Total Directors

$16,100

Key Employees

$217,044

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTINA PARKER	DIR FINANCE	40.00	Key Emp	$177,299	$39,745	$217,044
DENNY SCOTT	WATER SUPERI	40.00	Highest	$141,317	$42,191	$183,508
LARRY BERGMAN	WATER OPERAT	40.00	Highest	$122,688	$30,898	$153,586
DENISE SMUTNY	PRESIDENT	3.50	Officer Director	$4,000	$0	$4,000
DAYLIN BAKER	VICE PRESIDE	3.50	Officer Director	$1,900	$0	$1,900
DONALD WISE	TREASURER	3.50	Officer Director	$500	$0	$500
JOYCE HIBMA	TREASURER (E	3.50	Officer Director	$1,300	$0	$1,300
ERIC OBRIEN	SECRETARY	3.50	Officer Director	$2,100	$0	$2,100
RICH FORMISANO	SECRETARY; T	3.50	Officer Director	$2,100	$0	$2,100
SHAWN MCKONE	TRUSTEE	3.50	Director	$2,100	$0	$2,100
LAWRENCE COSTELLO	TRUSTEE	3.50	Director	$2,100	$0	$2,100

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
2023	$2,435,406	$2,921,426	$28,240,435	$-486,020
2022	$2,243,661	$2,355,265	$28,621,179	$-111,604
2021	$2,273,053	$2,008,704	$24,710,090	$264,349
2020	$1,799,290	$1,776,160	$12,917,747	$23,130
2019	$1,659,313	$1,835,982	$10,233,308	$-176,669
2018	$1,569,845	$1,560,786	$9,684,274	$9,059

SALLAL WATER ASSOCIATION