FYRE LAKE WATER COMPANY INC (EIN 363053521) - 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

1972

Legal Domicile

Phone

3095932443

Tax Period

2024-01-01 to 2024-12-31

FYRE LAKE WATER COMPANY INC, founded in 1972, is a small nonprofit that reported $143K in total revenue in fiscal year 2020. Net assets of $1.3M represent 105 months of operating reserves.

Mission

PROVIDE POTABLE WATER SERVICE TO APPROXIMATELY 300 RESIDENCES WITH THE FYRE LAKE DEVELOPMENT, A PRIVATE RURAL SUBDIVISION NEAR SHERRARD, IL IN MERCER COUNTY.

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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 $144,949

Investment Income $8,933

Other Revenue $840

TOTAL REVENUE $154,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,487

Fundraising Expenses $0

Program Expenses $126,168

Other Expenses $102,681

TOTAL EXPENSES $126,168

Year-over-Year Comparison

	2024	2023	Change
Revenue	$154,722	$145,401	+0.1%
Expenses	$126,168	$118,216	+0.1%
Net Income	$28,554	$27,185	+0.1%

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

$9,345

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT DAN HELM	CERTIFIED WATER OPERATOR	15.00	Highest	$12,570	$0	$12,570
MARY F MOTT	ASSISTANT SECRETARYTREASUER	5.00	Key Emp	$5,265	$0	$5,265
BOB DE HAMER	ASSISSTANT WATER OPERATOR	3.00	Key Emp	$4,080	$0	$4,080
RICK ROGAN	DIRECTOR & PRESIDENT	0.00	Officer Director	$0	$0	$0
JOSEPH MILLER	DIRECTOR & TREASURER	0.00	Officer Director	$0	$0	$0
JEFF BERTELSEN	DIRECTOR & SECRETARY	0.00	Officer Director	$0	$0	$0
ROBERT THORNTON	DIRECTOR & VICE-PRESIDENT	0.00	Officer Director	$0	$0	$0
ROBERT COLSON	DIRECTOR & VICE-PRESIDENT	0.00	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	$154,722	$126,168	$1,727,697	$28,554
2023	$145,401	$118,196	$1,699,394	$27,205
2022	$133,337	$130,041	$1,693,049	$3,296
2021	$138,564	$98,759	$1,685,604	$39,805
2020	$143,422	$142,509	$1,648,216	$913

FYRE LAKE WATER COMPANY INC