BLOOMFIELD WATER CO INC (EIN 341609860) - 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

1989

Legal Domicile

Principal Officer

RICHARD LESIECKI

Phone

3306749961

Tax Period

2023-04-01 to 2024-03-31

BLOOMFIELD WATER CO INC, founded in 1989, is a small nonprofit that reported $234K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

TO ESTABLISH A NON-PROFIT WATER UTILITY COMPANY TO SERVE THE RESIDENTS OF LAKE BUCKHORN SUBDIVISION COMMUNITY LOCATED IN MECHANIC TOWNSHIP HOLMES COUNTY, OHIO, AND AS PERMITTED UNDER THE OHIO REVISED CODE.

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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 $13,050

Program Service Revenue $209,675

Investment Income $10,985

Other Revenue $0

TOTAL REVENUE $233,710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $228,018

TOTAL EXPENSES $228,018

Year-over-Year Comparison

	2023	2022	Change
Revenue	$233,710	$192,384	+0.2%
Expenses	$228,018	$125,678	+0.8%
Net Income	$5,692	$66,706	-0.9%

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

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
AL ARTMAN	TRUSTEE	N/A	Director	$0	$0	$0
RICHARD LESIECKI	PRESIDENT	N/A	Officer Director	$0	$0	$0
NORMAN MATUSEK	SECRETARY	N/A	Officer Director	$0	$0	$0
LORI MURRAY	TREASURER	N/A	Officer Director	$0	$0	$0
RICHARD STRAUSBAUGH	VICE PRESIDE	N/A	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
2025	No data	No data	No data	No data
2024	$233,710	$228,018	$541,970	$5,692
2023	$192,384	$125,678	$554,363	$66,706
2022	$168,605	$168,117	$508,707	$488
2021	$188,544	$171,520	$524,559	$17,024
2020	$157,407	$130,171	$411,186	$27,236
2019	$151,427	$158,309	$383,959	$-6,882

BLOOMFIELD WATER CO INC