RAY CANAL WATER USERS ASSOCIATION (EIN 464954567) - 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

2014

Legal Domicile

Principal Officer

DWAYNE OLDHAM

Phone

3073497888

Tax Period

2023-01-01 to 2023-12-31

RAY CANAL WATER USERS ASSOCIATION, founded in 2014, is a small nonprofit that reported $246K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $224K left a modest 9% surplus.

Mission

THE ASSOCIATION WILL REPRESENT ITS MEMBERS AND MAKE RECOMMENDATIONS REGARDING ISSUES RELATED TO THE RAY CANAL WATER USERS AND THE RAY CANAL WATER DELIVERY SYSTEM. THE ASSOCIATION MAY ALSO ENTER INTO AGREEMENTS TO MANAGE CERTAIN OPERATION, MAINTENANCE, OR CONSTRUCTION FUNCTIONS ON THE RAY CANAL DELIVERY SYSTEM.

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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 $245,582

Program Service Revenue $0

Investment Income $164

Other Revenue $0

TOTAL REVENUE $245,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,946

Fundraising Expenses $0

Program Expenses $224,184

Other Expenses $133,238

TOTAL EXPENSES $224,184

Year-over-Year Comparison

	2023	2022	Change
Revenue	$245,746	$166,440	+0.5%
Expenses	$224,184	$168,839	+0.3%
Net Income	$21,562	$-2,399	-10.0%

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

281

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA LOZIER	SECRETARY	N/A	Officer	$0	$0	$0
JASON LOZIER	DIRECTOR	N/A	Officer	$0	$0	$0
CHUCK MURRAY	DIRECTOR	N/A	Officer	$0	$0	$0
GRANT NICHOLAS	TREASURER	N/A	Officer	$0	$0	$0
DWAYNE OLDHAM	CHAIR	N/A	Officer	$0	$0	$0
TIM ONEAL	DIRECTOR	N/A	Officer	$0	$0	$0
BRIAN PARKHURST	CO-CHAIR	N/A	Officer	$0	$0	$0
LOUIS TWITCHELL	DIRECTOR	N/A	Officer	$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
2023	$245,746	$224,184	$109,676	$21,562
2022	$166,440	$168,839	$90,097	$-2,399
2021	$158,643	$160,804	$93,423	$-2,161
2020	$158,766	$193,734	$94,943	$-34,968
2019	$150,095	$148,410	$130,258	$1,685
2018	$150,056	$124,706	$127,892	$25,350

RAY CANAL WATER USERS ASSOCIATION