BONDMADISON WATER COMPANY (EIN 371329067) - 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

1994

Legal Domicile

Principal Officer

DARREN APKEN

Phone

6186692861

Tax Period

2024-01-01 to 2024-12-31

BONDMADISON WATER COMPANY, founded in 1994, is a community nonprofit in the Environment sector that reported $3.7M in total revenue in fiscal year 2024. Expenses of $3.5M left a modest 4% surplus.

Mission

TO PROVIDE WATER TO RURAL MEMBER CUSTOMERS

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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 $3,629,967

Investment Income $82,974

Other Revenue $0

TOTAL REVENUE $3,712,941

Expense Breakdown

Grants Paid $3,200

Salaries & Benefits $382,186

Fundraising Expenses $0

Program Expenses $3,534,559

Other Expenses $3,163,737

TOTAL EXPENSES $3,549,123

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,712,941	$3,579,897	+0.0%
Expenses	$3,549,123	$3,537,878	+0.0%
Net Income	$163,818	$42,019	+2.9%

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

$4,525

Total Directors

$5,925

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT WHITTAKER	TRUSTEE	1.00	Director	$1,250	$0	$1,250
RICHARD ACCORNERO	TRUSTEE	1.00	Director	$1,225	$0	$1,225
LAURA KNACKSTEDT	TRUSTEE	1.00	Director	$1,225	$0	$1,225
KAY LANGE	TRUSTEE	1.00	Director	$1,000	$0	$1,000
ROBERT SCHRUMPF	TRUSTEE	1.00	Director	$1,225	$0	$1,225
DARREN APKEN	PRESIDENT	1.00	Officer	$1,150	$0	$1,150
MIKE VONDERHAAR	SECRETARY	1.00	Officer	$1,050	$0	$1,050
RANDY HAUKAP	VICE PRESIDENT	1.00	Officer	$1,250	$0	$1,250
TOM EYMAN	TREASURER	1.00	Officer	$1,075	$0	$1,075

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	$3,712,941	$3,549,123	$12,785,844	$163,818
2023	$3,579,897	$3,537,878	$13,039,767	$42,019
2022	$2,963,590	$2,965,251	$13,389,254	$-1,661
2021	$2,866,600	$2,888,081	$13,786,763	$-21,481
2020	$2,831,649	$2,837,254	$14,187,971	$-5,605
2019	$3,764,104	$2,792,483	$14,268,292	$971,621
2018	$2,781,198	$2,678,469	$13,670,796	$102,729

BONDMADISON WATER COMPANY