LAKE BONANZA WATER SUPPLY CORPORATION (EIN 760364821) - 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

1995

Legal Domicile

Principal Officer

MARY WESOLICK

Phone

9368564199

Tax Period

2024-01-01 to 2024-12-31

LAKE BONANZA WATER SUPPLY CORPORATION, founded in 1995, is a small nonprofit that reported $828K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $947K exceeded revenue, resulting in a 14% operating deficit.

Mission

PROVIDE WATER SERVICES TO THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $818,366

Investment Income $9,972

Other Revenue $0

TOTAL REVENUE $828,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,228

Fundraising Expenses $0

Program Expenses $947,196

Other Expenses $928,968

TOTAL EXPENSES $947,196

Year-over-Year Comparison

	2024	2023	Change
Revenue	$828,338	$914,785	-0.1%
Expenses	$947,196	$835,622	+0.1%
Net Income	$-118,858	$79,163	-2.5%

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

$16,800

Total Directors

$16,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN GONZALEZ	SECRETARY/TREASURER	1.00	Officer Director	$5,900	$0	$5,900
MARY WESOLICK	PRESIDENT	1.00	Officer Director	$5,900	$0	$5,900
BO ROACH	DIRECTOR	1.00	Director	$0	$0	$0
DWIGHT COURTNEY	DIRECTOR	1.00	Director	$0	$0	$0
KAREN LAUBE	DIRECTOR	1.00	Director	$0	$0	$0
ALEC WHITE	VICE PRESIDENT	1.00	Officer Director	$5,000	$0	$5,000
RICHARD HARRIS	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
2024	$828,338	$947,196	$3,106,461	$-118,858
2023	$914,785	$835,622	$3,274,273	$79,163
2022	$869,393	$831,215	$3,064,823	$38,178
2021	$749,127	$638,491	$2,255,619	$110,636
2020	$699,189	$573,355	$1,206,163	$125,834

LAKE BONANZA WATER SUPPLY CORPORATION