MULLET LAKE WATER ASSOC INC

EIN: 591467442

GENEVA, FL

Total Revenue
$136,491
Total Expenses
$104,299
Total Assets
$388,202
Net Assets
$386,559
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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
1971
Legal Domicile
FL
Tax Period
2023-11-01 to 2024-10-31

MULLET LAKE WATER ASSOC INC, founded in 1971, is a small nonprofit that reported $136K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $32K, a strong 24% operating margin.

Mission

CO-OP - WATER DELIVERY

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $6,332
Other Revenue $130,159
TOTAL REVENUE $136,491

Expense Breakdown

Grants Paid $0
Salaries & Benefits $71,818
Fundraising Expenses $0
Program Expenses $47,392
Other Expenses $32,481
TOTAL EXPENSES $104,299

Year-over-Year Comparison

2023 2022 Change
Revenue $136,491 $100,632 +0.4%
Expenses $104,299 $88,840 +0.2%
Net Income $32,192 $11,792 +1.7%
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

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Governance

Voting Members
5
Independent Members
3
Employees
2
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON KAISER TREASURER 2.00
Officer
$0 $0 $0
PAUL STRAM PRESIDENT 2.00
Officer
$0 $0 $0
ROBERT BOWMAN SECRETARY 40.00
Officer
$0 $0 $0
FRED BOYER GENERAL MANAGER 40.00
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
2024 $136,491 $104,299 $388,202 $32,192
2023 $100,632 $88,840 $356,337 $11,792
2022 $88,489 $95,999 $344,387 $-7,510
2021 $142,010 $77,784 $346,791 $64,226
2019 $94,977 $78,242 $276,608 $16,735
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