BANE AND THOMAS DITCH COMPANY

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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

2011

Legal Domicile

Principal Officer

IAN CARNEY

Phone

6149396000

Tax Period

2024-01-01 to 2024-12-31

Mission

TO OPERATE, MAINTAIN, REPAIR AND ENLARGE AN IRRIGATION DITCH LOCATED IN THE ROARING FORK RIVER BASIN OF COLORADO. PROVIDE IRRIGATION WATER TO THE CORPORATION'S SHAREHOLDERS WHO ARE THE OWNERS OF THE LAND ADJACENT TO THE DITCH.

Program Service Accomplishments

Program 1

Expenses: $70,344

TO OPERATE, MAINTAIN, REPAIR AND ENLARGE AN IRRIGATION DITCHLOCATED IN THE ROARING FORK RIVER BASIN OF COLORADO. PROVIDEIRRIGATION WATER TO THE CORPORATION'S SHAREHOLDERS WHO ARE THEOWNERS OF THE...

TO OPERATE, MAINTAIN, REPAIR AND ENLARGE AN IRRIGATION DITCHLOCATED IN THE ROARING FORK RIVER BASIN OF COLORADO. PROVIDEIRRIGATION WATER TO THE CORPORATION'S SHAREHOLDERS WHO ARE THEOWNERS OF THE LAND ADJACENT TO THE DITCH.

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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 $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $70,344

Other Expenses $71,052

TOTAL EXPENSES $71,052

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	$3,375	-1.0%
Expenses	$71,052	$72,483	0.0%
Net Income	N/A	$-69,108	N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
IAN CARNEY	PRESIDENT & DIRECTOR	10.00	Officer Director	$0	$0	$0
PEG UGLAND	TREASURER & DIRECTOR	1.00	Officer Director	$0	$0	$0
ANDREA TRAUL	SECRETARY & DIRECTOR	2.00	Officer 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	$71,052	$2,143,085	No data
2023	$3,375	$72,483	$2,214,137	$-69,108
2022	No data	$70,876	$2,283,245	No data
2021	$360,000	$66,210	$2,334,121	$293,790
2020	No data	$55,523	$2,040,331	No data
2019	$10,000	$60,518	$2,095,854	$-50,518
2018	$20,000	$63,179	$2,146,372	$-43,179