Northeast Marion County Water Co (EIN 371312908) - 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

1992

Legal Domicile

Principal Officer

Roger Meyer

Phone

6185479887

Tax Period

2023-10-01 to 2024-09-30

Northeast Marion County Water Co, founded in 1992, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Net assets of $4.5M represent 52 months of operating reserves.

Mission

Rural Water Delivery System

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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 $131,600

Program Service Revenue $833,888

Investment Income $26,502

Other Revenue $48,649

TOTAL REVENUE $1,040,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,551

Fundraising Expenses $0

Program Expenses $1,025,238

Other Expenses $757,269

TOTAL EXPENSES $1,097,017

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,040,639	$879,000	+0.2%
Expenses	$1,097,017	$976,812	+0.1%
Net Income	$-56,378	$-97,812	-0.4%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Roger Meyer	President	4.00	Officer Director	$0	$0	$0
Rita See	Secretary	1.00	Officer Director	$0	$0	$0
William A Cash	Treasurer	3.00	Officer Director	$0	$0	$0
Carole Shaffer	Vice-President	1.00	Officer Director	$0	$0	$0
David Schymick	Director	1.00	Director	$0	$0	$0
Mark Pierson	Director	1.00	Director	$0	$0	$0
Keith Ritter	Former President	1.00	Director	$0	$0	$0
Greg Ritter	Director	1.00	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	$1,040,639	$1,097,017	$10,338,686	$-56,378
2023	$879,000	$976,812	$10,591,717	$-97,812
2022	$815,515	$938,161	$9,339,609	$-122,646
2021	$886,040	$934,065	$9,170,138	$-48,025
2020	$700,805	$919,137	$9,238,938	$-218,332

Northeast Marion County Water Co