MYERS FLAT MUTUAL WATER SYSTEM (EIN 680000443) - 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

1983

Legal Domicile

Principal Officer

ROBERT PERKINS

Phone

7079431865

Tax Period

2023-01-01 to 2023-12-31

MYERS FLAT MUTUAL WATER SYSTEM, founded in 1983, is a community nonprofit in the Environment sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 1872% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 94% operating margin.

Mission

THE ORGANIZATION PROVIDES WATER TO APPROXIMATELY 85 RESIDENCES AND 13 BUSINESSES.

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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 $1,694,448

Program Service Revenue $94,201

Investment Income $47

Other Revenue $0

TOTAL REVENUE $1,788,696

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,123

Fundraising Expenses $0

Program Expenses $85,441

Other Expenses $64,022

TOTAL EXPENSES $106,145

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,788,696	$90,689	+18.7%
Expenses	$106,145	$122,030	-0.1%
Net Income	$1,682,551	$-31,341	-54.7%

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

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	Role	Reportable Comp	Other Comp	Total
ROBERT PERKINS	President & CEO	Director	$0	$0	$0
JOHN FILCE	SECRETARY	Director	$0	$0	$0
BOB SINGLETON	BOARD MEMBER	Director	$0	$0	$0
BOB SMART	BOARD MEMBER	Director	$0	$0	$0
CRAIG WILSON	BOARD MEMBER	Director	$0	$0	$0
THOMAS MEAGHER	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$1,788,696	$106,145	$2,641,708	$1,682,551
2022	$90,689	$122,030	$872,368	$-31,341
2021	$148,283	$118,382	$784,085	$29,901
2020	$83,992	$123,304	$752,056	$-39,312
2019	$199,991	$194,778	$791,165	$5,213
2018	$134,455	$278,149	$785,187	$-143,694

MYERS FLAT MUTUAL WATER SYSTEM