Echo Lake Water District (EIN 432017234) - 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

2004

Legal Domicile

Principal Officer

Brian Etheridge

Phone

4013098494

Tax Period

2023-01-01 to 2023-12-31

Echo Lake Water District, founded in 2004, is a micro nonprofit that reported $42K in total revenue in fiscal year 2023. Expenses of $66K exceeded revenue, resulting in a 55% operating deficit.

Mission

The corporation is a non-profit water district. The most significant activity is to provide water services to 57 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $42,351

Investment Income $3

Other Revenue $0

TOTAL REVENUE $42,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $58,492

Other Expenses $65,631

TOTAL EXPENSES $65,631

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,354	$39,547	+0.1%
Expenses	$65,631	$46,658	+0.4%
Net Income	$-23,277	$-7,111	+2.3%

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
Brian Etheridge	President	005.00	Director	$0	$0	$0
David Theberge	Board Member	005.00	Director	$0	$0	$0
Andrew Noyes	Board Member	005.00	Director	$0	$0	$0
Paul Brais	Board Member	005.00	Director	$0	$0	$0
Dan Simonin	Board Member	005.00	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	No data	No data	No data	No data
2023	$42,354	$65,631	$304,517	$-23,277
2022	$39,547	$46,658	$330,520	$-7,111
2021	$44,908	$46,188	$340,250	$-1,280
2020	$40,156	$34,157	$344,043	$5,999
2019	$34,791	$36,820	$340,459	$-2,029
2018	$39,236	$42,789	$344,501	$-3,553

Echo Lake Water District