LAKE SARA AREA WATER COOPERATIVE INC

EIN: 237213984

EFFINGHAM, IL

Total Revenue
$711,326
Total Expenses
$764,505
Total Assets
$2,818,389
Net Assets
$2,801,889
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
IL
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

Program Service Accomplishments

Program 1
Expenses: $764,510 Revenue: $707,950

OPERATION OF COOPERATIVE WATER SYSTEM FOR THE BENEFIT OF ITS APPROXIMATE 1,350 RESIDENTIAL AND 30 COMMERCIAL MEMBERS. FOR 2024, 65,398,000 GALLONS OF WATER WAS SOLD TO ITS 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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
1
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
5
$19,200
Total Directors
5
$19,200
Key Employees
0
$0
Highest Compensated
0
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
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