MAPLETURN UTILITIES INC (EIN 351732031) - 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

1988

Legal Domicile

Principal Officer

MIKE HINSHAW

Phone

7653427953

Tax Period

2023-01-01 to 2023-12-31

MAPLETURN UTILITIES INC, founded in 1988, is a small nonprofit that reported $824K in total revenue in fiscal year 2023. Expenses of $907K exceeded revenue, resulting in a 10% operating deficit.

Mission

WATER AND WASTEWATER UTILITY. PROVIDE SERVICES TO OUR 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $790,321

Investment Income $29,271

Other Revenue $4,839

TOTAL REVENUE $824,431

Expense Breakdown

Grants Paid $0

Salaries & Benefits $461,704

Fundraising Expenses $0

Program Expenses $907,137

Other Expenses $445,433

TOTAL EXPENSES $907,137

Year-over-Year Comparison

	2023	2022	Change
Revenue	$824,431	$798,098	+0.0%
Expenses	$907,137	$831,902	+0.1%
Net Income	$-82,706	$-33,804	+1.4%

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

$71,771

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM WARD	MEMBER	1.00	Director	$0	$0	$0
MIKE BODINE	MEMBER	1.00	Director	$0	$0	$0
KENT GARRISON	MANAGER	40.00	Director	$71,771	$0	$71,771
MIKE HINSHAW	BOARD PRESIDENT	2.00	Officer	$0	$0	$0
PHIL PROBST	VICE PRESIDENT	2.00	Officer	$0	$0	$0
BRIAN STREMMING	TREASURER	2.00	Officer	$0	$0	$0
STEVE EDSON	SECRETARY	3.00	Officer	$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	No data	No data	No data	No data
2023	$824,431	$907,137	$3,921,971	$-82,706
2022	$798,098	$831,902	$4,017,957	$-33,804
2021	$770,191	$733,468	$4,043,049	$36,723
2020	$762,782	$724,068	$4,028,605	$38,714
2019	$764,428	$688,809	$4,009,473	$75,619
2018	$768,991	$709,729	$3,946,213	$59,262

MAPLETURN UTILITIES INC