THE BONUS DITCH COMPANY

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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

1908

Legal Domicile

Principal Officer

ROB ALEXANDER

Phone

3037020708

Tax Period

2022-03-01 to 2023-02-28

THE BONUS DITCH COMPANY, founded in 1908, is a micro nonprofit that reported $36K in total revenue in fiscal year 2022. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $53K exceeded revenue, resulting in a 49% operating deficit.

Mission

MUTUAL DITCH AND IRRIGATION TO PROVIDE WATER TO FARMERS AND RANCHERS IN NORTHERN COLORADO.

Program Service Accomplishments

Program 1

Expenses: $43,711 Revenue: $10,600

MUTUAL DITCH AND IRRIGATION PROVIDED WATER TO FARMERS AND RANCHERS IN NORTHERN COLORADO.

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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 $25,050

Program Service Revenue $10,600

Investment Income $16

Other Revenue $0

TOTAL REVENUE $35,666

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,440

Fundraising Expenses $0

Program Expenses $43,711

Other Expenses $46,863

TOTAL EXPENSES $53,303

Year-over-Year Comparison

	2022	2021	Change
Revenue	$35,666	$640,898	-0.9%
Expenses	$53,303	$97,484	-0.5%
Net Income	$-17,637	$543,414	-1.0%

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

Employees

N/A

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

$990

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROB ALEXANDER	PRESIDENT	0.25	Officer Director	$0	$0	$0
JASON ELKINS	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
DANIELLE CASSIDY	BOARD MEMBER	0.25	Director	$0	$0	$0
ROBIN ENGEN	SECRETARY/TREASURER	1.00	Officer	$990	$0	$990

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	$35,666	$53,303	$468,995	$-17,637
2022	$640,898	$97,484	$974,103	$543,414
2021	$447,084	$89,674	$430,689	$357,410