AMES-MINGLEWOOD WATER SUPPLY CORPORATION (EIN 741547457) - 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

EDWIN HARDY

Phone

9363365883

Tax Period

2024-12-01 to 2025-11-30

AMES-MINGLEWOOD WATER SUPPLY CORPORATION, founded in 1964, is a small nonprofit that reported $385K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $500K exceeded revenue, resulting in a 30% operating deficit.

Mission

FURNISHING OF FRESH WATER TO RESIDENTIAL AND SMALL COMMERCIAL MEMBERS IS OUR ONLY PURPOSE.

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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 $380,670

Investment Income $4,729

Other Revenue $0

TOTAL REVENUE $385,399

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,266

Fundraising Expenses $0

Other Expenses $435,215

TOTAL EXPENSES $500,481

Year-over-Year Comparison

	2024	2023	Change
Revenue	$385,399	$355,085	+0.1%
Expenses	$500,481	$297,449	+0.7%
Net Income	$-115,082	$57,636	-3.0%

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

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWIN HARDY	PRESIDENT	20.00	Officer Director	$0	$0	$0
WARREN LEMELLE	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
MICHAEL SMITH	SECRETARY/TREASURER	10.00	Officer Director	$0	$0	$0
CHRIS DOMAIN	DIRECTOR	2.00	Director	$0	$0	$0
JERRY REESCANO SR	DIRECTOR	2.00	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	$385,399	$500,481	$2,176,790	$-115,082
2024	$355,085	$297,449	$1,739,596	$57,636
2023	$353,965	$290,758	$1,700,128	$63,207
2022	$359,567	$262,233	$1,642,349	$97,334
2021	$328,004	$265,867	$1,560,641	$62,137
2020	$330,798	$256,524	$1,498,208	$74,274
2019	$311,283	$257,410	$1,424,211	$53,873
2018	$327,548	$222,377	$1,376,150	$105,171

AMES-MINGLEWOOD WATER SUPPLY CORPORATION