RIVER ACRES WATER SUPPLY CORPORATIO

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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

1965

Legal Domicile

Principal Officer

DAVID WISHARD

Phone

3613872614

Tax Period

2023-01-01 to 2023-12-31

RIVER ACRES WATER SUPPLY CORPORATIO, founded in 1965, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Net assets of $2.9M represent 27 months of operating reserves.

Mission

SALE AND DISTRIBUTION OF TREATED WATER TO THE RIVER ACRES COMMUNITY

Program Service Accomplishments

Program 1

THE ORGANIZATION SUPPLIES POTABLE WATER TO MEMBERS AND MAINTAINS THE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,239,187

Investment Income $4,820

Other Revenue $52,492

TOTAL REVENUE $1,296,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,451

Fundraising Expenses $0

Other Expenses $1,174,362

TOTAL EXPENSES $1,264,813

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,296,499	$1,273,515	+0.0%
Expenses	$1,264,813	$1,424,904	-0.1%
Net Income	$31,686	$-151,389	-1.2%

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

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
DAVID WISHARD	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOHN FERNAN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JANINE PRUSKI	SEC / TREAS	N/A	Officer Director	$0	$0	$0
RONALD HELLBERG	DIRECTOR	N/A	Director	$0	$0	$0
JEFF HOLLEY	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL OLSZEWSKI	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$1,296,499	$1,264,813	$6,212,401	$31,686
2022	$1,273,515	$1,424,904	$6,298,313	$-151,389
2021	$979,680	$855,997	$6,505,722	$123,683
2020	$963,139	$786,100	$6,427,146	$177,039
2019	$873,275	$775,606	$6,280,673	$97,669
2018	$730,888	$702,634	$5,612,546	$28,254
2017	$657,130	$651,298	$1,981,308	$5,832