CRETA WATER CORPORATION

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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

1992

Legal Domicile

Principal Officer

ROBERT PRESTON

Phone

5804826583

Tax Period

2024-01-01 to 2024-12-31

CRETA WATER CORPORATION, founded in 1992, is a small nonprofit in the Public & Societal Benefit sector that reported $222K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $248K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO CONSTRUCT A WATER DISTRIBUTION SYSTEM AND TO SELL WATER TO RURALRESIDENTIAL MEMBERS AND TO PUBLIC AUTHORITIES.

Program Service Accomplishments

Program 1

Expenses: $247,846

WATER WAS SOLD AND DISTRIBUTED TO MEMBERS. THERE WERE 3567 ACTIVE SERVICES AT YEAR END.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $222,384

Other Revenue $-150

TOTAL REVENUE $222,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $247,846

Other Expenses $247,846

TOTAL EXPENSES $247,846

Year-over-Year Comparison

	2024	2023	Change
Revenue	$222,234	$255,734	-0.1%
Expenses	$247,846	$219,523	+0.1%
Net Income	$-25,612	$36,211	-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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TJ BEACH	MEMBER	0.00	Director	$0	$0	$0
GARY WINSETT	MEMBER	0.00	Director	$0	$0	$0
ROBERT PRESTON	CHAIRMAN	0.70	Officer Director	$0	$0	$0
JASON DRURY	VICE CHARMAN	0.70	Officer Director	$0	$0	$0
SCOTT PRYOR	SECRETARYTREASURER	0.00	Officer 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	$222,234	$247,846	$1,112,261	$-25,612
2023	$255,734	$219,523	$1,411,173	$36,211
2022	$643,680	$472,999	$1,446,817	$170,681
2021	$403,598	$401,583	$1,550,725	$2,015
2020	$376,763	$461,479	$1,580,533	$-84,716
2019	$344,299	$492,621	$1,722,875	$-148,322
2018	$397,404	$480,408	$1,890,577	$-83,004