MINNEHAHA COMMUNITY WATER CORP (EIN 460318665) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1973

Legal Domicile

Principal Officer

SCOTT BUSS

Phone

6059105870

Tax Period

2023-01-01 to 2023-12-31

MINNEHAHA COMMUNITY WATER CORP is a community nonprofit that reported $4.1M in total revenue in fiscal year 2018. The organization ran a surplus of $630K, a strong 15% operating margin.

Mission

PROVIDE WATER SERVICE FOR USE AND BENEFIT OF ITS MEMBERS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,682,842

Investment Income $155,362

Other Revenue $198,010

TOTAL REVENUE $8,036,214

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,326,872

Fundraising Expenses $0

Other Expenses $3,420,330

TOTAL EXPENSES $4,747,202

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,036,214	$6,361,195	+0.3%
Expenses	$4,747,202	$4,469,559	+0.1%
Net Income	$3,289,012	$1,891,636	+0.7%

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

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

$223,926

Total Directors

$28,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LLOYD RAVE	PRESIDENT	2.00	Officer Director	$4,800	$0	$5,800
RODNEY VANDER VLIET	VICE-PRESIDE	0.50	Officer Director	$4,350	$0	$5,250
PAUL HENTGES	SECRETARY	0.50	Officer Director	$2,750	$0	$2,750
BRIAN HOWE	TREASURER	0.50	Officer Director	$4,000	$0	$4,000
DAVID HOWARD	DIRECTOR	0.25	Director	$2,750	$0	$3,650
KEN SIEVERDING	DIRECTOR	0.25	Director	$2,750	$0	$2,750
DAVID STEARNS	DIRECTOR	0.25	Director	$3,500	$0	$4,400
SCOTT BUSS	EXECUTIVE DI	40.00	Officer	$160,460	$45,666	$206,126

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	$8,036,214	$4,747,202	$49,563,461	$3,289,012
2022	$6,361,195	$4,469,559	$45,974,715	$1,891,636
2021	$5,689,151	$4,053,828	$38,959,633	$1,635,323
2020	$4,827,096	$3,821,478	$37,758,783	$1,005,618
2019	$4,306,769	$3,743,415	$37,304,729	$563,354
2018	$4,122,831	$3,492,612	$37,531,939	$630,219

MINNEHAHA COMMUNITY WATER CORP