LAKEPORT WATER ASSOCIATION

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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

1966

Legal Domicile

Principal Officer

PAUL BECK

Phone

8639461300

Tax Period

2023-07-01 to 2024-06-30

LAKEPORT WATER ASSOCIATION, founded in 1966, is a small nonprofit that reported $569K in total revenue in fiscal year 2023. Expenses of $641K exceeded revenue, resulting in a 13% operating deficit.

Mission

BUY WATER AND DISTRIBUTE TO MEMBERS, MAINTAIN WATER LINES, AND MONITOR WATER QUALITY.

Program Service Accomplishments

Program 1

BUY WATER AND DISTRIBUTE TO MEMBERS, MAINTAIN WATER LINES,AND MONITOR WATER QUALITY.

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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 $0

Program Service Revenue $2,461

Investment Income $18,502

Other Revenue $548,164

TOTAL REVENUE $569,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $205,520

Fundraising Expenses $0

Other Expenses $435,741

TOTAL EXPENSES $641,261

Year-over-Year Comparison

	2023	2022	Change
Revenue	$569,127	$532,962	+0.1%
Expenses	$641,261	$597,875	+0.1%
Net Income	$-72,134	$-64,913	+0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL BECK	PRESIDENT	1.00	Officer Director	$0	$0	$0
LARRY FROEBER	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
ANDREW KAY	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
DICK PROWANT	VICE PRESIDE	1.00	Director	$0	$0	$0
WALT YOUNG	SECRETARY/TR	1.00	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
2025	No data	No data	No data	No data
2024	$569,127	$641,261	$4,817,823	$-72,134
2023	$532,962	$597,875	$4,951,496	$-64,913
2022	$529,212	$588,264	$5,073,326	$-59,052
2021	$451,224	$476,045	$5,156,251	$-24,821
2020	$474,503	$477,009	$5,234,238	$-2,506
2019	$464,396	$442,762	$5,278,586	$21,634