MOUNTAIN WATER ASSOCIATION (EIN 251342973) - 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

FRED CLOSE

Phone

7245647510

Tax Period

2023-01-01 to 2023-12-31

MOUNTAIN WATER ASSOCIATION, founded in 1972, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Net assets of $2.8M represent 33 months of operating reserves.

Mission

TO MAINTAIN THE UTILITY SYSTEM WHICH PROVIDES SERVICES TO THE COMMUNITY AS SET FORTH IN THE BY-LAW OF THE ASSOCIATION.

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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 $1,013,858

Investment Income $9,510

Other Revenue $0

TOTAL REVENUE $1,023,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $215,755

Fundraising Expenses $0

Program Expenses $1,094,741

Other Expenses $878,986

TOTAL EXPENSES $1,094,741

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,023,368	$884,158	+0.2%
Expenses	$1,094,741	$912,305	+0.2%
Net Income	$-71,373	$-28,147	+1.5%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRED CLOSE	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE BAKER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RONALD DENNIS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
GREG HEARN	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
2024	No data	No data	No data	No data
2023	$1,023,368	$1,094,741	$2,848,965	$-71,373
2022	$884,158	$912,305	$2,881,273	$-28,147
2021	$796,203	$802,683	$2,915,211	$-6,480
2020	$763,338	$748,143	$2,909,859	$15,195
2019	$694,344	$755,805	$2,933,306	$-61,461

MOUNTAIN WATER ASSOCIATION