Utah Lake Water Users Association Inc (EIN 452826861) - 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

2011

Legal Domicile

Phone

8018677901

Tax Period

2024-01-01 to 2024-12-31

Utah Lake Water Users Association Inc, founded in 2011, is a small nonprofit in the Mutual Benefit sector that reported $382K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $359K left a modest 6% surplus.

Mission

To divert and distribute water available annually under shareholders respective water rights or agreements.

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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 $381,998

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $381,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $359,416

Other Expenses $359,416

TOTAL EXPENSES $359,416

Year-over-Year Comparison

	2024	2023	Change
Revenue	$381,998	$298,693	+0.3%
Expenses	$359,416	$311,752	+0.2%
Net Income	$22,582	$-13,059	-2.7%

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
Mike Marcovecchio	Director	0.50	Director	$0	$0	$0
Mark Newman	Director	0.50	Director	$0	$0	$0
Gary Cannon	Director	0.50	Director	$0	$0	$0
Ryan Robinson	Director	0.50	Director	$0	$0	$0
Jesse Stewert	Director	0.50	Director	$0	$0	$0
Gordon Cook	Director	0.50	Director	$0	$0	$0
Ted Balling	Director	0.50	Director	$0	$0	$0
Wade Tuft	President	0.50	Director	$0	$0	$0
Jerry Nielson	Director	0.50	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	$381,998	$359,416	$13,905,746	$22,582
2023	$298,693	$311,752	$13,883,164	$-13,059
2022	$719,672	$731,051	$13,896,223	$-11,379
2021	$343,750	$291,160	$13,907,602	$52,590
2020	$349,487	$348,825	$13,855,012	$662
2019	$280,981	$296,181	$13,857,120	$-15,200
2018	$329,952	$329,952	$13,725,215	No data

Utah Lake Water Users Association Inc