Loop 360 Water Supply Corporation (EIN 742337259) - 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

1984

Legal Domicile

Phone

5124021990

Tax Period

2023-04-01 to 2024-03-31

Loop 360 Water Supply Corporation, founded in 1984, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.7M in total revenue in fiscal year 2023. The organization ran a surplus of $768K, a strong 29% operating margin.

Mission

The organization furnishes water supply to its members.

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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 $2,561,698

Investment Income $97,624

Other Revenue $2,040

TOTAL REVENUE $2,661,362

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,222

Fundraising Expenses $0

Program Expenses $1,633,706

Other Expenses $1,880,604

TOTAL EXPENSES $1,893,826

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,661,362	$2,484,076	+0.1%
Expenses	$1,893,826	$1,843,355	+0.0%
Net Income	$767,536	$640,721	+0.2%

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

N/A

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

$10,057

Total Directors

$12,512

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marvin Bendele	President	2	Officer Director	$2,534	$0	$2,534
Nick Tsourmas	Secretary	2	Officer Director	$2,534	$0	$2,534
Glenn West	Vice President	2	Officer Director	$2,534	$0	$2,534
Richard Sieling	Treasurer	2	Officer Director	$2,455	$0	$2,455
Ross Cummings	Director	2	Director	$2,455	$0	$2,455

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	No data	No data	No data	No data
2024	$2,661,362	$1,893,826	$8,774,387	$767,536
2023	$2,484,076	$1,843,355	$8,039,284	$640,721
2022	$1,710,593	$1,766,787	$5,703,586	$-56,194
2021	$1,856,987	$1,580,349	$5,903,724	$276,638
2020	$1,626,739	$1,422,606	$5,566,529	$204,133
2019	$1,430,916	$1,336,889	$5,271,237	$94,027

Loop 360 Water Supply Corporation