Clarita-Olney Water Company Inc (EIN 736127933) - 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

1968

Legal Domicile

Tax Period

2022-07-01 to 2023-06-30

Clarita-Olney Water Company Inc, founded in 1968, is a small nonprofit that reported $275K in total revenue in fiscal year 2022. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $264K left a modest 4% surplus.

Mission

Operate a water supply system

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $274,719

Investment Income $634

Other Revenue $0

TOTAL REVENUE $275,353

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,200

Fundraising Expenses $0

Program Expenses $263,516

Other Expenses $196,316

TOTAL EXPENSES $263,516

Year-over-Year Comparison

	2022	2021	Change
Revenue	$275,353	$231,913	+0.2%
Expenses	$263,516	$228,035	+0.2%
Net Income	$11,837	$3,878	+2.1%

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

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

$67,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Frankie Wallace	Manager	30.00	Officer	$42,000	$0	$42,000
Donna Bolin	Bookkeeper	10.00	Officer	$19,200	$0	$19,200
Alton Davidson	Assistant	15.00	Officer	$6,000	$0	$6,000
Bonnie Lemons	Board Member - Treasurer	2.00	Director	$0	$0	$0
Billy Jones	Board Member	2.00	Director	$0	$0	$0
Richard Roebuck	Vice Chairman	2.00	Director	$0	$0	$0
Clark Parker	Board Chairman	2.00	Officer	$0	$0	$0
Robert Miller	Board Secretary	2.00	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
2023	$275,353	$263,516	$1,465,121	$11,837
2022	$231,913	$228,035	$849,791	$3,878
2021	$207,015	$214,990	$635,453	$-7,975
2020	$196,220	$210,447	$589,347	$-14,227
2019	$187,238	$202,832	$611,997	$-15,594

Clarita-Olney Water Company Inc