ITASCA WATER LEGACY PARTNERSHIP (EIN 274411875) - 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

2011

Legal Domicile

Principal Officer

JESSE DAVIS

Phone

2182565998

Tax Period

2021-01-01 to 2021-12-31

ITASCA WATER LEGACY PARTNERSHIP, founded in 2011, is a micro nonprofit in the Environment sector that reported $16K in total revenue in fiscal year 2021. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $83K exceeded revenue, resulting in a 433% operating deficit.

Mission

THE MISSION OF ITASCA WATERS IS TO EXPLORE AND ENACT STRATEGIES TO MAINTAIN AND IMPROVE WATER QUALITY IN ITASCA COUNTY, TO PROTECT WATERSHEDS, AND TO HIGHLIGHT THE IMPORTANCE OF THE AREA'S IMPRESSIVELY CLEAN WATER.

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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 (2021)

Revenue Breakdown

Contributions & Grants $15,502

Program Service Revenue $0

Investment Income $58

Other Revenue $0

TOTAL REVENUE $15,560

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,769

Fundraising Expenses $454

Program Expenses $78,007

Other Expenses $70,102

TOTAL EXPENSES $82,871

Year-over-Year Comparison

	2021	2020	Change
Revenue	$15,560	$50,400	-0.7%
Expenses	$82,871	$82,694	+0.0%
Net Income	$-67,311	$-32,294	+1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDY ANDERSON	DIRECTOR	0.50	Director	$0	$0	$0
JAN BEST	DIRECTOR	0.50	Director	$0	$0	$0
MEGHAN CHRISTIANSON	DIRECTOR	0.50	Director	$0	$0	$0
KATHY CONE	DIRECTOR	0.50	Director	$0	$0	$0
JESSE DAVIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN DOWNING	DIRECTOR	0.50	Director	$0	$0	$0
BILL GRANTGES	DIRECTOR	0.50	Director	$0	$0	$0
PATRICIA LEISTIKOW	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID LICK	DIRECTOR	N/A	Director	$0	$0	$0
SHIRLEY LOEGERING	DIRECTOR	0.50	Director	$0	$0	$0
JAN SANDBERG	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVIN TINQUIST	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN WHITTEMORE	VICE PRESIDE	1.00	Officer 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
2021	$15,560	$82,871	$123,796	$-67,311
2020	$50,400	$82,694	$191,107	$-32,294
2019	$186,244	$72,748	$223,703	$113,496
2018	$73,300	$56,893	$110,046	$16,407

ITASCA WATER LEGACY PARTNERSHIP