REO WATER INC (EIN 356068730) - 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

1964

Legal Domicile

Principal Officer

JULIE SCHMITT

Phone

8126494901

Tax Period

2023-01-01 to 2023-12-31

REO WATER INC, founded in 1964, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $302K, a strong 29% operating margin.

Mission

TO PROVIDE WATER FOR CUSTOMERS IN SURROUNDING AREAS.

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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 $961,900

Investment Income $19,744

Other Revenue $43,283

TOTAL REVENUE $1,024,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $113,819

Fundraising Expenses $0

Program Expenses $627,817

Other Expenses $608,926

TOTAL EXPENSES $722,745

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,024,927	$860,414	+0.2%
Expenses	$722,745	$630,542	+0.1%
Net Income	$302,182	$229,872	+0.3%

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
MAX DAWSON	DIRECTOR	2.00	Officer Director	$0	$0	$0
JULIE SCHMITT	TREASURER/SECRETARY	5.00	Officer Director	$0	$0	$0
MIKE JAMES	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
LINDA STURGEON	PRESIDENT	2.00	Director	$0	$0	$0
STEVE DAMING	VICE-PRESIDENT	2.00	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
2024	No data	No data	No data	No data
2023	$1,024,927	$722,745	$5,126,857	$302,182
2022	$860,414	$630,542	$4,501,413	$229,872
2021	$720,692	$590,690	$4,417,290	$130,002
2020	$618,876	$552,912	$4,155,232	$65,964
2019	$603,141	$550,029	$4,101,529	$53,112
2018	$605,226	$561,882	$4,029,806	$43,344

REO WATER INC