NORTH MILAM WATER SUPPLY CORPORATIO (EIN 741884619) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1964

Legal Domicile

Principal Officer

MICHAEL MAREK

Phone

2546973393

Tax Period

2025-01-01 to 2025-12-31

NORTH MILAM WATER SUPPLY CORPORATIO, founded in 1964, is a small nonprofit that reported $672K in total revenue in fiscal year 2025. Expenses of $794K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROVIDE TREATED WELL WATER TO ABOUT 641 RURAL MEMBERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $631,732

Investment Income $35,683

Other Revenue $5,022

TOTAL REVENUE $672,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $794,189

TOTAL EXPENSES $794,189

Year-over-Year Comparison

	2025	2024	Change
Revenue	$672,437	$637,698	+0.1%
Expenses	$794,189	$751,053	+0.1%
Net Income	$-121,752	$-113,355	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
CARROLL W BOECKER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BILL HARRIS	SECRETARY	1.00	Officer Director	$0	$0	$0
MIKE LOCKLEAR	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL MAREK	PRESIDENT	1.00	Officer Director	$0	$0	$0
LARRY REINDERS	BOARD MEMBER	1.00	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	$672,437	$794,189	$4,399,532	$-121,752
2024	$637,698	$751,053	$4,563,620	$-113,355
2023	$609,187	$675,376	$4,675,811	$-66,189
2022	$623,585	$684,836	$4,485,397	$-61,251
2021	$538,696	$610,614	$4,368,874	$-71,918
2020	$529,130	$573,785	$4,369,179	$-44,655
2019	$527,120	$504,834	$4,430,941	$22,286
2018	$493,724	$513,553	$4,435,797	$-19,829

NORTH MILAM WATER SUPPLY CORPORATIO