MONTEREY RURAL WATER SYSTEM INC

EIN: 720708753

MONTEREY, LA

Total Revenue
$1,801,370
Total Expenses
$1,851,681
Total Assets
$6,994,910
Net Assets
$2,969,130
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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
LA
Principal Officer
MILTON SANDERS
Phone
3183862232
Tax Period
2024-07-01 to 2025-06-30

MONTEREY RURAL WATER SYSTEM INC, founded in 1970, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024.

Mission

TO PROVIDE WATER SERVICE TO MEMBERS AT A LOW COST.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,599,942
Investment Income $4,253
Other Revenue $197,175
TOTAL REVENUE $1,801,370

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,851,681
Other Expenses $1,851,681
TOTAL EXPENSES $1,851,681

Year-over-Year Comparison

2024 2023 Change
Revenue $1,801,370 $1,714,740 +0.1%
Expenses $1,851,681 $1,591,735 +0.2%
Net Income $-50,311 $123,005 -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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MILTON SANDERS PRESIDENT 0.50
Director
$0 $0 $0
BRAD ADAMS DIRECTOR 0.50
Director
$0 $0 $0
BRAD LIPSEY VICE PRESIDENT 0.50
Director
$0 $0 $0
TIM WHITE DIRECTOR 0.50
Director
$0 $0 $0
VAN STREBECK DIRECTOR 0.50
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 $1,801,370 $1,851,681 $6,994,910 $-50,311
2024 $1,718,535 $1,526,360 $7,216,855 $192,175
2023 $1,721,386 $1,488,924 $7,131,125 $232,462
2022 $1,698,106 $1,451,573 $7,102,430 $246,533
2021 $1,242,885 $1,387,994 $6,211,199 $-145,109
2020 $1,185,431 $1,300,278 $5,930,628 $-114,847
2019 $1,189,987 $1,051,934 $5,960,470 $138,053
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