COVE IRRIGATION COMPANY (EIN 810233016) - 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

1920

Legal Domicile

Principal Officer

LORNA KRUEGER OFFICER

Phone

4066288015

Tax Period

2025-01-01 to 2025-12-31

COVE IRRIGATION COMPANY, founded in 1920, is a small nonprofit that reported $195K in total revenue in fiscal year 2025. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $52K, a strong 26% operating margin.

Mission

TO SUPPLY IRRIGATION WATER TO SHAREHOLDERS

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $193,784

Investment Income $251

Other Revenue $548

TOTAL REVENUE $194,583

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,455

Fundraising Expenses $0

Program Expenses $143,049

Other Expenses $62,594

TOTAL EXPENSES $143,049

Year-over-Year Comparison

	2025	2024	Change
Revenue	$194,583	$141,184	+0.4%
Expenses	$143,049	$124,941	+0.1%
Net Income	$51,534	$16,243	+2.2%

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

3474

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD KRAFT	PRESIDENT & DIST 4 DIRECTOR	1.00	Officer	$0	$0	$0
LANCE EISENMAN	V-PRESIDENT & DIST 1 DIRECTOR	1.00	Officer	$0	$0	$0
EDWARD ROBERTUS	DISTRICT 2 DIRECTOR	1.00	Officer	$0	$0	$0
GEORGE REITER	DISTRICT 3 DIRECTOR	1.00	Officer	$0	$0	$0
DARRYL GROVE	DISTRICT 5 DIRECTOR	1.00	Officer	$0	$0	$0
LORNA KRUEGER	SECRETARY TREASURER	4.00	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	$194,583	$143,049	$453,573	$51,534
2024	$141,184	$124,941	$530,140	$16,243
2023	$141,407	$115,040	$444,256	$26,367
2022	$270,945	$122,957	$444,513	$147,988
2021	$308,604	$125,557	$364,553	$183,047
2020	$116,657	$142,572	$207,486	$-25,915
2019	$118,449	$144,217	$232,510	$-25,768
2018	$117,856	$121,047	$259,294	$-3,191

COVE IRRIGATION COMPANY