RYKERS RIDGE WATER CO INC (EIN 351076773) - 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

1962

Legal Domicile

Principal Officer

ROGER WARD

Phone

8122731851

Tax Period

2024-01-01 to 2024-12-31

RYKERS RIDGE WATER CO INC, founded in 1962, is a small nonprofit that reported $408K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $366K left a modest 10% surplus.

Mission

PROVIDING WATER TO RURAL CUSTOMERS.

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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 $397,046

Investment Income $189

Other Revenue $11,028

TOTAL REVENUE $408,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,662

Fundraising Expenses $0

Program Expenses $275,731

Other Expenses $268,753

TOTAL EXPENSES $366,415

Year-over-Year Comparison

	2024	2023	Change
Revenue	$408,263	$362,429	+0.1%
Expenses	$366,415	$365,442	+0.0%
Net Income	$41,848	$-3,013	-14.9%

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

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

$3,480

Total Directors

$5,430

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER WARD	PRESIDENT	2.00	Officer Director	$1,320	$0	$1,320
SHARON SCHAFER	SECRETARY	2.00	Officer Director	$900	$0	$900
SUZETTE MCDOWELL	DIRECTOR	1.00	Director	$870	$0	$870
ROBERT LITTLE	VICE PRESIDENT	2.00	Officer Director	$870	$0	$870
DAVID SMITH	DIRECTOR	1.00	Director	$390	$0	$390
CARY BRANSTETTER	TREASURER	1.00	Officer Director	$390	$0	$390
CONNEE SAULEY	DIRECTOR	1.00	Director	$360	$0	$360
CHARLES HAY	DIRECTOR	1.00	Director	$330	$0	$330
KEVIN SMITH	DIRECTOR	1.00		$240	$0	$240
DAVID BEAR	DIRECTOR	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	$408,263	$366,415	$1,391,074	$41,848
2023	$362,429	$365,442	$1,347,552	$-3,013
2022	$427,442	$378,341	$1,337,975	$49,101
2021	$297,135	$292,371	$1,337,196	$4,764
2020	$254,540	$266,214	$1,269,271	$-11,674

RYKERS RIDGE WATER CO INC