FRIBERG-COOPER WATER SUPPLY CORPORATION (EIN 751330079) - 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

1970

Legal Domicile

Principal Officer

JAY LAWSON

Phone

9408518334

Tax Period

2022-01-01 to 2022-12-31

FRIBERG-COOPER WATER SUPPLY CORPORATION, founded in 1970, is a small nonprofit that reported $308K in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $410K exceeded revenue, resulting in a 33% operating deficit.

Mission

RURAL WATER COOPERATIVE

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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 $0

Program Service Revenue $303,913

Investment Income $375

Other Revenue $3,600

TOTAL REVENUE $307,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,065

Fundraising Expenses $0

Other Expenses $325,551

TOTAL EXPENSES $409,616

Year-over-Year Comparison

	2022	2021	Change
Revenue	$307,888	$273,072	+0.1%
Expenses	$409,616	$312,424	+0.3%
Net Income	$-101,728	$-39,352	+1.6%

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
JAY LAWSON	PRESIDENT	1.00	Director	$0	$0	$0
DORIS CLIFTON	SEC/TREAS	1.00	Director	$0	$0	$0
WILL RODGERS	VICE PRESIDENT	1.00	Director	$0	$0	$0
GWEN GRIGGS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FARABEE	DIRECTOR	1.00	Director	$0	$0	$0
LINDA MCCLUSKEY	DIRECTOR	1.00	Director	$0	$0	$0
OLEN BAILEY	DIRECTOR	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
2022	$307,888	$409,616	$835,749	$-101,728
2020	$286,702	$274,695	$976,445	$12,007
2019	$257,290	$244,706	$961,785	$12,584
2018	$292,508	$245,385	$948,147	$47,123

FRIBERG-COOPER WATER SUPPLY CORPORATION