LAKEWOOD UTILITIES (EIN 420920429) - 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

1967

Principal Officer

JEFF WOOD

Phone

5155706635

Tax Period

2019-10-01 to 2020-09-30

LAKEWOOD UTILITIES, founded in 1967, is a micro nonprofit that reported $68K in total revenue in fiscal year 2019. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

LAKEWOOD UTILITIES WAS DESIGNED TO PROVIDE WATER SERVICES AND ROAD MAINTENANCE TO THE GENERAL PUBLIC IN THE LAKEWOOD AREA OF FORT DODGE, IOWA.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $67,158

Investment Income $794

Other Revenue $0

TOTAL REVENUE $67,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $70,030

TOTAL EXPENSES $70,030

Year-over-Year Comparison

	2019	2018	Change
Revenue	$67,952	$55,784	+0.2%
Expenses	$70,030	$72,753	0.0%
Net Income	$-2,078	$-16,969	-0.9%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
LEONARD DARLING	BOARD MEMBER	Director	$0	$0	$0
TJ LYNN	BOARD MEMBER	Director	$0	$0	$0
HAUNNA ABRAMS	SECRETARY	Officer	$0	$0	$0
PATTY THILGES	TREASURER	Officer	$0	$0	$0
CHARLIE WALKER	VICE PRESIDE	Officer	$0	$0	$0
JEFF WOOD	PRESIDENT	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
2020	$67,952	$70,030	$424,908	$-2,078

LAKEWOOD UTILITIES