HAT BUTTE MUTUAL CANAL COMPANY

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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

1963

Legal Domicile

Principal Officer

PAUL RASGORSHEK

Phone

2084679712

Tax Period

2024-01-01 to 2024-12-31

HAT BUTTE MUTUAL CANAL COMPANY, founded in 1963, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year.

Mission

CANAL COMPANY

Program Service Accomplishments

Program 1

Expenses: $1,224,531

HAT BUTTE MUTUAL CANAL COMPANY PROVIDES WATER IRRIGATION SERVICES TO ITS MEMBERS. THESE MEMBERS CONSIST OF VARIOUS AGRICULTURAL ENTITIES AND ASSESSMENTS ARE BASED RATABLY ON THE EXPENSES INCURRED TO...

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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 $1,257,633

Investment Income $1,282

Other Revenue $560

TOTAL REVENUE $1,259,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,000

Fundraising Expenses $0

Program Expenses $1,280,463

Other Expenses $1,297,918

TOTAL EXPENSES $1,300,918

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,259,475	$1,562,111	-0.2%
Expenses	$1,300,918	$1,332,626	0.0%
Net Income	$-41,443	$229,485	-1.2%

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

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
TRAVIS CHRISTENSEN	DIRECTOR	N/A	Director	$0	$0	$0
RYAN KROES	DIRECTOR	N/A	Director	$0	$0	$0
PAUL RASGORSHEK	PRESIDENT	N/A	Officer Director	$0	$0	$0
GERRIT SIEBELINK	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
RYAN VANDERSTELT	SECRETARY	N/A	Officer 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	$1,259,475	$1,300,918	$598,840	$-41,443
2023	$1,562,111	$1,332,626	$340,060	$229,485
2022	$1,258,792	$1,323,857	$519,153	$-65,065
2021	$1,271,393	$1,262,615	$1,052,489	$8,778
2020	$1,129,381	$1,092,236	$1,152,442	$37,145
2019	$1,083,657	$1,028,609	$1,197,655	$55,048
2018	$1,176,848	$1,161,176	$954,448	$15,672