BONITA SPRINGS UTILITIES INC (EIN 591350003) - 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

1970

Legal Domicile

Principal Officer

ANDY KOEBEL

Phone

2399920711

Tax Period

2023-01-01 to 2023-12-31

BONITA SPRINGS UTILITIES INC, founded in 1970, is a mid-sized nonprofit that reported $53.9M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $9.4M, a strong 17% operating margin.

Mission

SALE OF WATER AND WASTEWATER TO MEMBERS

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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 $5,615,961

Program Service Revenue $46,854,089

Investment Income $1,262,655

Other Revenue $199,612

TOTAL REVENUE $53,932,317

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,605,947

Fundraising Expenses $0

Other Expenses $30,895,331

TOTAL EXPENSES $44,501,278

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,932,317	$45,863,423	+0.2%
Expenses	$44,501,278	$41,851,161	+0.1%
Net Income	$9,431,039	$4,012,262	+1.4%

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

N/A

Employees

157

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

$100,340

Total Directors

$219,689

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT BACHMAN	DIRECTOR	12.00	Director	$25,085	$0	$25,085
MIKE MALLOY	DIRECTOR	12.00	Officer Director	$25,085	$0	$25,085
PAUL ATTWOOD	DIRECTOR	12.00	Officer Director	$25,085	$0	$25,085
BRIAN FARRAR	PRESIDENT	12.00	Officer Director	$25,085	$0	$25,085
VICENT MARCHESANI	SECRETARY	12.00	Officer Director	$25,085	$0	$25,085
RICHARD GARNER	TREASURER	12.00	Director	$25,085	$0	$25,085
LAWRENCE KOSILLA	DIRECTOR	12.00	Director	$25,085	$0	$25,085
JAMES MURPHY	DIRECTOR	12.00	Director	$19,009	$0	$19,009
WAYNE BAUMAN	VICE PRESIDENT	12.00	Director	$25,085	$0	$25,085
JOHN JENKINS	EXECUTIVE DIRECTOR	40.00	Highest	$328,562	$54,100	$382,662
STEVEN RICHARDS	DIRECTOR OF FINANCE	40.00	Highest	$183,142	$27,321	$210,463
KIM HOSKINS	DIRECTOR OF ENGINNERING	40.00	Highest	$168,339	$47,862	$216,201
ANDREW KOEBEL	DIRECTOR OF OPERATIONS	40.00	Highest	$174,987	$48,652	$223,639
NATHALIE GALVAN	HUMAN RESOURCES MANAGER	40.00	Highest	$133,301	$22,982	$156,283

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	$53,932,317	$44,501,278	$389,799,625	$9,431,039
2022	$45,863,423	$41,851,161	$388,975,151	$4,012,262
2021	$43,833,914	$40,447,110	$389,062,138	$3,386,804
2020	$43,453,877	$44,077,680	$362,452,861	$-623,803
2019	$42,684,966	$43,035,272	$371,146,671	$-350,306
2018	$41,761,855	$41,296,594	$367,358,927	$465,261

BONITA SPRINGS UTILITIES INC