RAMSEY WATER CO INC (EIN 351062251) - 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

1963

Legal Domicile

Principal Officer

MARK BRACE

Phone

8123472551

Tax Period

2024-01-01 to 2024-12-31

RAMSEY WATER CO INC, founded in 1963, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2024. Net assets of $14.8M represent 29 months of operating reserves.

Mission

WATER SUPPLIED TO MEMBERS OF WATER COMPANY

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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 $0

Program Service Revenue $6,025,496

Investment Income $174,869

Other Revenue $0

TOTAL REVENUE $6,200,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,631,414

Fundraising Expenses $0

Other Expenses $4,535,100

TOTAL EXPENSES $6,166,514

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,200,365	$5,953,470	+0.0%
Expenses	$6,166,514	$4,871,806	+0.3%
Net Income	$33,851	$1,081,664	-1.0%

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

$146,289

Total Directors

$43,657

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARL BENZ	PRESIDENT	1.00	Officer Director	$7,913	$0	$7,913
SUZANNE KAISER	VICE PRESIDENT	1.00	Officer Director	$6,900	$0	$6,900
BRIAN WEHNEMAN	SECRETARY	1.00	Officer Director	$6,038	$0	$6,038
WILLIAM T RAMSEY	DIRECTOR	1.00	Director	$9,863	$0	$9,863
JAMES SCHILMILLER	DIRECTOR	1.00	Director	$8,750	$0	$8,750
RICHERT HARBESON	DIRECTOR	1.00	Director	$4,193	$0	$4,193
MARK BRACE	GENERAL MANAGER	40.00	Officer	$125,438	$0	$125,438

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	$6,200,365	$6,166,514	$26,748,057	$33,851
2023	$5,953,470	$4,871,806	$25,968,979	$1,081,664
2022	$5,750,481	$4,605,301	$24,226,603	$1,145,180
2021	$5,451,989	$4,595,546	$22,600,313	$856,443
2020	$5,422,338	$4,279,025	$22,724,566	$1,143,313
2019	$4,524,906	$3,894,514	$22,798,161	$630,392
2018	$4,329,005	$3,822,687	$18,101,342	$506,318

RAMSEY WATER CO INC