Levi Water Supply Corporation (EIN 741502882) - 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

1964

Legal Domicile

Principal Officer

Chris Miller

Phone

2548573050

Tax Period

2024-01-01 to 2024-12-31

Levi Water Supply Corporation, founded in 1964, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $264K, a strong 23% operating margin.

Mission

To provide a reliable source of potable water to all residential, commercial, and agricultural members at a reasonable cost in a manner that protects the environment and promotes development.

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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 $112,230

Program Service Revenue $919,165

Investment Income $86,663

Other Revenue $4,785

TOTAL REVENUE $1,122,843

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,723

Fundraising Expenses $0

Other Expenses $753,535

TOTAL EXPENSES $859,258

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,122,843	$756,770	+0.5%
Expenses	$859,258	$788,392	+0.1%
Net Income	$263,585	$-31,622	-9.3%

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

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

$64,656

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris Miller	President	1.00	Officer Director	$0	$0	$0
John Hahne	Vice-president	1.00	Officer Director	$0	$0	$0
Connie Wedemeyer	Secretary	1.00	Officer Director	$0	$0	$0
Larry Groth	Treasurer	1.00	Officer Director	$0	$0	$0
Gayle Richey	Board Member	1.00	Director	$0	$0	$0
Jim Sheffield	Manager	40.00	Key Emp	$64,656	$0	$64,656

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	$1,122,843	$859,258	$4,776,317	$263,585
2023	$756,770	$788,392	$4,184,489	$-31,622
2022	$945,114	$749,432	$4,155,923	$195,682
2021	$849,048	$715,703	$4,046,705	$133,345
2020	$970,840	$740,839	$4,023,288	$230,001
2019	$981,290	$681,074	$3,955,782	$300,216
2018	$774,220	$722,393	$3,709,637	$51,827

Levi Water Supply Corporation