CATARACT LAKE WATER CORP

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

ELAINE PEARSON

Phone

7657953288

Tax Period

2025-01-01 to 2025-12-31

CATARACT LAKE WATER CORP, founded in 1969, is a small nonprofit that reported $647K in total revenue in fiscal year 2025. Net assets of $2.1M represent 39 months of operating reserves.

Mission

CORPORATION SUPPLIES POTABLE WATER TO APPROXIMATELY 1,250 CUSTOMERS IN UNDERSERVED, RURAL AREAS OF WEST-CENTRAL INDIANA.

Program Service Accomplishments

Program 1

THE CORPORATION PROVIDES POTABLE WATER TO APPROXIMATELY 1,250 CUSTOMERS IN UNDERSERVED, RURAL AREAS OF WEST-CENTRAL INDIANA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $641,281

Investment Income $6,048

Other Revenue $0

TOTAL REVENUE $647,329

Expense Breakdown

Grants Paid $0

Salaries & Benefits $297,507

Fundraising Expenses $0

Other Expenses $395,958

TOTAL EXPENSES $693,465

Year-over-Year Comparison

	2025	2024	Change
Revenue	$647,329	$622,570	+0.0%
Expenses	$693,465	$634,214	+0.1%
Net Income	$-46,136	$-11,644	+3.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

1307

Independent Members

1307

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

$3,500

Total Directors

$88,560

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHIAS J PERRY	PLANT MANAGE	40.00	Director	$84,735	$0	$84,735
PAT CLOSSEY	TREASURER/SE	2.00	Officer Director	$1,200	$0	$1,200
ROY BOOHER	VICE PRESIDE	2.00	Officer	$1,200	$0	$1,200
ELAINE PEARSON	PRESIDENT	5.00	Officer	$1,100	$0	$1,100
STEVE HUGGLER	DIRECTOR	2.00	Director	$900	$0	$900
RON MAIDEN	DIRECTOR	2.00	Director	$900	$0	$900
BOB WEIST	DIRECTOR	2.00	Director	$825	$0	$825

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	$647,329	$693,465	$2,378,153	$-46,136
2024	$622,570	$634,214	$2,454,259	$-11,644
2023	$652,008	$613,914	$2,500,184	$38,094
2022	$622,452	$646,353	$2,543,919	$-23,901
2021	$642,731	$565,943	$2,551,084	$76,788
2020	$545,169	$561,193	$2,518,378	$-16,024
2019	$626,806	$503,542	$2,598,579	$123,264
2018	$589,792	$477,838	$2,590,786	$111,954