SHOREWOOD FOREST UTILITIES INC (EIN 351336479) - 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

1973

Legal Domicile

Principal Officer

TOM SZEFC

Phone

2195310706

Tax Period

2021-01-01 to 2021-12-31

SHOREWOOD FOREST UTILITIES INC, founded in 1973, is a small nonprofit in the Public & Societal Benefit sector that reported $938K in total revenue in fiscal year 2021. Net assets of $4.4M represent 56 months of operating reserves.

Mission

SHOREWOOD FOREST UTILITIES, INC PROVIDES SEWAGE COLLECTION AND TREATMENT SERVICES TO THE SHOREWOOD FOREST DEVELOPMENT AND ADJACENT AREAS WITHIN THE UTILITY'S CERTIFICATE OF TERRITORIAL AUTHORITY, LOCATED IN UNION TOWNSHIP, PORTER COUNTY, INDIANA. THE UTILITY SERVES 1,166 MEMBERS.

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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 $0

Program Service Revenue $944,907

Investment Income $379

Other Revenue $-7,470

TOTAL REVENUE $937,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,280

Fundraising Expenses $0

Program Expenses $987,563

Other Expenses $787,283

TOTAL EXPENSES $987,563

Year-over-Year Comparison

	2021	2020	Change
Revenue	$937,816	$961,461	0.0%
Expenses	$987,563	$873,741	+0.1%
Net Income	$-49,747	$87,720	-1.6%

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
THOMAS SZEFC	PRESIDENT	5.00	Officer Director	$0	$0	$0
CARLOTTA HOLMES	VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
ANTHONLY SIELSKI	VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
MARGIE STILES	TREASURER	5.00	Officer Director	$0	$0	$0
JACQUELINE HOBSON	SECRETARY	5.00	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
2025	No data	No data	No data	No data
2021	$937,816	$987,563	$6,722,594	$-49,747
2020	$961,461	$873,741	$6,923,562	$87,720
2019	$995,367	$862,945	$7,114,006	$132,422
2018	$963,871	$785,101	$7,035,381	$178,770

SHOREWOOD FOREST UTILITIES INC