FOUNTAIN LAKES IRRIGATION CO-OP INC (EIN 453180068) - 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

Principal Officer

MICHAEL GROWE

Phone

2394348866

Tax Period

2024-01-01 to 2024-12-31

FOUNTAIN LAKES IRRIGATION CO-OP INC, founded in 2011, is a small nonprofit in the Mutual Benefit sector that reported $145K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $176K exceeded revenue, resulting in a 22% operating deficit.

Mission

OPERATE AND MANAGE AN IRRIGATION SYSTEM FOR RESIDENTIAL COMMUNITY

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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 $1,050

Program Service Revenue $140,435

Investment Income $2,341

Other Revenue $927

TOTAL REVENUE $144,753

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $176,130

TOTAL EXPENSES $176,130

Year-over-Year Comparison

	2024	2023	Change
Revenue	$144,753	$181,876	-0.2%
Expenses	$176,130	$211,911	-0.2%
Net Income	$-31,377	$-30,035	+0.0%

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
WARREN CAMERON	TREASURER	N/A	Director	$0	$0	$0
JANET HILDEBRAND	SECRETARY	N/A	Director	$0	$0	$0
WES DICKERSON	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL GROWE	PRESIDENT	N/A	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	$144,753	$176,130	$383,835	$-31,377
2023	$181,876	$211,911	$460,119	$-30,035
2022	$186,493	$210,652	$491,248	$-24,159
2021	$171,811	$187,914	$519,224	$-16,103
2020	$177,182	$239,337	$505,743	$-62,155
2018	$184,780	$177,410	$594,023	$7,370

FOUNTAIN LAKES IRRIGATION CO-OP INC