NORTH KEY LARGO UTILITY CORP (EIN 650545336) - 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

1994

Legal Domicile

Principal Officer

JUAN PEREZ

Phone

3053670011

Tax Period

2025-01-01 to 2025-12-31

NORTH KEY LARGO UTILITY CORP, founded in 1994, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2025. Expenses of $4.3M left a modest 11% surplus.

Mission

PROVIDING WATER SERVICES FOR THE OCEAN REEF COMMUNITY

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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 (2025)

Revenue Breakdown

Contributions & Grants $113,305

Program Service Revenue $4,486,589

Investment Income $242,862

Other Revenue $27,007

TOTAL REVENUE $4,869,763

Expense Breakdown

Grants Paid $0

Salaries & Benefits $613,677

Fundraising Expenses $0

Program Expenses $4,335,478

Other Expenses $3,721,801

TOTAL EXPENSES $4,335,478

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,869,763	$4,609,728	+0.1%
Expenses	$4,335,478	$4,139,025	+0.0%
Net Income	$534,285	$470,703	+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

N/A

Volunteers

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

$1,748,107

Total Directors

$499,278

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRY TOTONIS	CHAIR	1.00	Director	$0	$0	$0
JOHN WELCH	DIRECTOR	1.00	Director	$0	$0	$0
JUAN PEREZ	PRESIDENT	1.00	Officer Director	$0	$31,000	$499,278
JOHN HOFMANN	DIRECTOR	1.00	Director	$0	$0	$0
HARLAN KENT	DIRECTOR	1.00	Director	$0	$0	$0
PATTY DAVIDSON	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP SMITH	DIRECTOR	1.00	Director	$0	$0	$0
RAY HERMAN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS SNYDER	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM HARTMANN	VICE CHAIR	1.00	Director	$0	$0	$0
AMY OLBERT	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY OELTJEN	VICE PRESIDENT	20.00	Officer	$0	$30,547	$268,100
PABLO TIRADO	TREASURER	1.00	Officer	$0	$30,012	$208,375
LAURA LENHART	VICE PRESIDENT	4.00	Officer	$0	$56,125	$361,683
ARIEL ARTIME	VICE PRESIDENT	1.00	Officer	$0	$25,507	$281,460
KATHERINE JACKSON	SECRETARY	1.00	Officer	$0	$30,688	$129,211

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	$4,869,763	$4,335,478	$21,985,288	$534,285
2024	$4,609,728	$4,139,025	$20,120,965	$470,703
2023	$4,580,416	$3,927,410	$19,740,086	$653,006
2022	$4,118,032	$3,578,882	$19,197,191	$539,150
2021	$4,183,214	$3,278,886	$20,264,341	$904,328
2020	$3,769,368	$3,361,832	$19,995,653	$407,536
2019	$4,469,281	$3,646,387	$20,797,379	$822,894
2018	$4,440,778	$3,919,199	$20,892,336	$521,579

NORTH KEY LARGO UTILITY CORP