SPANISH LAKES MUTUAL WATER COMPANY (EIN 770567105) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Legal Domicile

Phone

8054628608

Tax Period

2025-01-01 to 2025-12-31

SPANISH LAKES MUTAL WATER COMPANY is a small nonprofit in the Mutual Benefit sector that reported $136K in total revenue in fiscal year 2021. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 56% operating margin.

Mission

MANAGE AND OPERATE A MUTUAL WATER COMPANY FOR THE BENEFIT OF THE PROPERTY OWNERS OF THE SPANISH LAKES RESIDENTIAL COMMUNITY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $95,328

Investment Income $9,846

Other Revenue $0

TOTAL REVENUE $105,174

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $66,549

Other Expenses $83,024

TOTAL EXPENSES $83,024

Year-over-Year Comparison

	2025	2024	Change
Revenue	$105,174	$74,126	+0.4%
Expenses	$83,024	$84,256	0.0%
Net Income	$22,150	$-10,130	-3.2%

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

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
BOB FAIR	President	4.00	Director	$0	$0	$0
CRAIG THOMAS	Treasurer	4.00	Director	$0	$0	$0
JIM HAGEN	Vice President	4.00	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
2025	$105,174	$83,024	$604,554	$22,150
2024	$74,126	$84,256	$581,076	$-10,130
2023	$99,600	$72,740	$621,857	$26,860
2022	$83,804	$73,078	$564,346	$10,726
2021	$135,664	$59,289	$553,620	$76,375

SPANISH LAKES MUTUAL WATER COMPANY