High Line Canal Company (EIN 810147000) - 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

1935

Legal Domicile

Phone

4062827552

Tax Period

2024-01-01 to 2024-12-31

High Line Canal Company, founded in 1935, is a small nonprofit that reported $151K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $24K, a strong 16% operating margin.

Mission

The organization operates an irrigation canal to supply irrigation water for members farm lands. Income is derived from prorata assessment of the members and used to operate and maintain the canal.

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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 $148,508

Program Service Revenue $0

Investment Income $181

Other Revenue $2,088

TOTAL REVENUE $150,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,590

Fundraising Expenses $0

Program Expenses $120,623

Other Expenses $90,891

TOTAL EXPENSES $126,481

Year-over-Year Comparison

	2024	2023	Change
Revenue	$150,777	$255,880	-0.4%
Expenses	$126,481	$198,850	-0.4%
Net Income	$24,296	$57,030	-0.6%

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

N/A

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

$28,000

Total Directors

Key Employees

$4,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ben Van Dyke	Director	1.00	Officer	$28,000	$0	$28,000
Shirley Flikkema	Bookkeeper	5.00	Key Emp	$4,000	$0	$4,000
Ryan Cok	Director	1.00	Officer	$0	$0	$0
Harvey Kimm	Director	1.00	Officer	$0	$0	$0
Henry Kamerman	Superintendent	1.00	Officer	$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	No data	No data	No data	No data
2024	$150,777	$126,481	$227,345	$24,296
2023	$255,880	$198,850	$253,315	$57,030
2023	$149,797	$92,767	$253,315	$57,030
2022	$140,538	$174,978	$252,225	$-34,440
2021	$75,168	$98,505	$290,081	$-23,337
2020	$49,508	$49,939	$70,033	$-431
2019	$64,151	$46,858	$77,101	$17,293
2018	$73,758	$48,928	$87,763	$24,830

High Line Canal Company