WATSON LAKE WATER SUPPLY CORPORATION (EIN 760594505) - 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

1969

Legal Domicile

Principal Officer

JOHN COOK

Phone

9362954809

Tax Period

2023-01-01 to 2023-12-31

WATSON LAKE WATER SUPPLY CORPORATION, founded in 1969, is a micro nonprofit that reported $48K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

WATER SERVICE TO RURAL AREAS

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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 $47,796

Investment Income $28

Other Revenue $0

TOTAL REVENUE $47,824

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,175

Fundraising Expenses $0

Other Expenses $19,758

TOTAL EXPENSES $50,933

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,824	$41,845	+0.1%
Expenses	$50,933	$48,056	+0.1%
Net Income	$-3,109	$-6,211	-0.5%

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

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

$6,280

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN COOK	PRESIDENT	1.00	Director	$4,390	$0	$4,390
DON MARCOTTE	VICE PRESIDENT	1.00	Director	$1,890	$0	$1,890
KEITH KLEVELAND	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE WHITTEN	MEMBER	1.00	Officer Director	$0	$0	$0
BOB MEYER	MEMBER	1.00	Director	$0	$0	$0
TRANQUILINO MORENO	MANAGER	10.00	Highest	$10,420	$0	$10,420

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	No data	No data	No data	No data
2023	$47,824	$50,933	$74,287	$-3,109
2022	$41,845	$48,056	$77,396	$-6,211
2021	$32,911	$47,063	$83,607	$-14,152
2020	$36,828	$47,005	$97,759	$-10,177
2019	$33,449	$41,631	$107,936	$-8,182
2018	$43,960	$40,627	$116,118	$3,333

WATSON LAKE WATER SUPPLY CORPORATION