LAKE SARA AREA WATER COOPERATIVE INC (EIN 237213984) - 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

1972

Legal Domicile

Principal Officer

ROBERT HUEY JR

Phone

2173429658

Tax Period

2024-01-01 to 2024-12-31

LAKE SARA AREA WATER COOPERATIVE INC, founded in 1972, is a small nonprofit that reported $711K in total revenue in fiscal year 2024. Net assets of $2.8M represent 47 months of operating reserves.

Mission

OPERATION OF CO-OP WATER SERVICES

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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 $1,950

Program Service Revenue $706,000

Investment Income $3,376

Other Revenue $0

TOTAL REVENUE $711,326

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,384

Fundraising Expenses $0

Program Expenses $764,510

Other Expenses $645,121

TOTAL EXPENSES $764,505

Year-over-Year Comparison

	2024	2023	Change
Revenue	$711,326	$692,859	+0.0%
Expenses	$764,505	$662,258	+0.2%
Net Income	$-53,179	$30,601	-2.7%

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

$19,200

Total Directors

$19,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT HUEY JR	PRESIDENT	2.00	Officer Director	$6,000	$0	$6,000
VIC FAUSS	VICE-PRES.,S	2.00	Officer Director	$2,400	$0	$2,400
JOE JANSEN	VICE-PRES.	2.00	Officer Director	$4,200	$0	$4,200
MICHAEL ETTER	VICE-PRES.,T	2.00	Officer Director	$4,200	$0	$4,200
TERRY YOUNGBLOOD	VICE-PRES.	2.00	Officer Director	$2,400	$0	$2,400

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	$711,326	$764,505	$2,818,389	$-53,179
2023	$692,859	$662,258	$2,869,616	$30,601
2022	$655,946	$646,679	$2,859,430	$9,267
2021	$636,617	$658,286	$2,836,090	$-21,669
2020	$652,524	$673,887	$2,866,191	$-21,363
2019	$629,579	$631,422	$2,880,255	$-1,843
2018	$616,022	$610,895	$2,981,850	$5,127

LAKE SARA AREA WATER COOPERATIVE INC