NORTH MORGAN WATER COOPERATIVE

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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

2001

Legal Domicile

Principal Officer

RODNEY BECKER

Phone

2172046042

Tax Period

2023-01-01 to 2023-12-31

NORTH MORGAN WATER COOPERATIVE, founded in 2001, is a small nonprofit in the Mutual Benefit sector that reported $967K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $3.3M represent 41 months of operating reserves.

Mission

TO FURNISH WATER SUPPLY FACILITIES FOR DRINKING AND GENERAL DOMESTIC USE TO RURAL COOPERATIVE MEMBERS. NOT OPERATED FOR PROFIT.

Program Service Accomplishments

Program 1

Expenses: $949,670 Revenue: $949,040

TO FURNISH WATER SUPPLY FACILITIES FOR DRINKING AND GENERAL DOMESTIC USE TO MEMBERS. NOT OPERATED FOR PROFIT.

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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 $949,040

Investment Income $17,623

Other Revenue $0

TOTAL REVENUE $966,663

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $949,670

Other Expenses $977,091

TOTAL EXPENSES $977,091

Year-over-Year Comparison

	2023	2022	Change
Revenue	$966,663	$862,514	+0.1%
Expenses	$977,091	$910,834	+0.1%
Net Income	$-10,428	$-48,320	-0.8%

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

N/A

Volunteers

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
MARK HOPKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
TODD CLAYTON	BOARD MEMBER	1.00	Director	$0	$0	$0
RODNEY BECKER	PRESIDENT	5.00	Officer	$0	$0	$0
DANA MCLAIN	SECRETARY	1.00	Officer	$0	$0	$0
JOHN SIX	TREASURER	1.00	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
2023	$966,663	$977,091	$10,005,612	$-10,428
2022	$860,187	$927,628	$10,468,268	$-67,441
2021	$1,042,458	$833,130	$10,542,023	$209,328
2020	$1,300,049	$774,007	$10,400,264	$526,042
2019	$764,756	$784,691	$9,568,527	$-19,935
2018	$753,835	$805,130	$8,917,561	$-51,295