EVERTON WATER CORPORATION (EIN 351398607) - 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

1968

Legal Domicile

Principal Officer

DON STEINARD

Phone

7658253412

Tax Period

2024-01-01 to 2024-12-31

EVERTON WATER CORPORATION, founded in 1968, is a small nonprofit that reported $379K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Net assets of $1.0M represent 33 months of operating reserves.

Mission

TO SUPPLY WATER TO MEMBERS OF THE EVERTON AND ALQUINA COMMUNITIES AT COST.

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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 $0

Investment Income $2,573

Other Revenue $376,270

TOTAL REVENUE $378,843

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,425

Fundraising Expenses $0

Other Expenses $313,888

TOTAL EXPENSES $394,313

Year-over-Year Comparison

	2024	2023	Change
Revenue	$378,843	$412,571	-0.1%
Expenses	$394,313	$386,132	+0.0%
Net Income	$-15,470	$26,439	-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

$7,500

Total Directors

$9,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON STEINARD	PRESIDENT	15.00	Officer Director	$2,100	$0	$2,100
LUTHER HOBBS	VICE PRESIDENT	15.00	Officer Director	$1,800	$0	$1,800
JESSICA WELLS	TREASURER	15.00	Officer Director	$1,800	$0	$1,800
TOM FLEDDERMAN	SECRETARY	15.00	Officer Director	$1,800	$0	$1,800
BEN KREPP	DIRECTOR	15.00	Director	$1,800	$0	$1,800

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	$378,843	$394,313	$2,324,660	$-15,470
2023	$412,571	$386,132	$2,398,844	$26,439
2022	$373,846	$375,038	$2,429,068	$-1,192
2021	$378,749	$363,287	$2,484,463	$15,462
2020	$919,915	$354,984	$2,519,906	$564,931

EVERTON WATER CORPORATION