CARIBOU ACRES WATER COMPANY INC (EIN 820440037) - 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

1971

Legal Domicile

Principal Officer

Riley MacButch

Phone

2082219340

Tax Period

2023-01-01 to 2023-12-31

CARIBOU ACRES WATER COMPANY INC, founded in 1971, is a micro nonprofit in the Public & Societal Benefit sector that reported $61K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $73K exceeded revenue, resulting in a 20% operating deficit.

Mission

To own and maintain a domestic water system

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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 $60,712

Investment Income $423

Other Revenue $0

TOTAL REVENUE $61,135

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $73,446

TOTAL EXPENSES $73,446

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,135	$66,234	-0.1%
Expenses	$73,446	$82,864	-0.1%
Net Income	$-12,311	$-16,630	-0.3%

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

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

$3,975

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shirley Lawson	Secretary/Treasurer	4	Officer	$3,975	$0	$3,975
Riley MacButch	President	0.5	Officer Director	$0	$0	$0
Chris Morgan	Vice President	0.1	Officer Director	$0	$0	$0
Charles Rick Williams	Director	0.1	Director	$0	$0	$0
Colby Averett	Director	0.1	Director	$0	$0	$0
Kristie Bell	Director	0.1	Director	$0	$0	$0
Michael Neville	Director	0.1	Director	$0	$0	$0
Christine Foulkrod	Director	0.1	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	No data	No data	No data	No data
2023	$61,135	$73,446	$407,910	$-12,311
2022	$66,234	$82,864	$416,630	$-16,630
2021	$63,123	$72,585	$443,953	$-9,462
2020	$59,831	$70,862	$463,999	$-11,031
2019	$61,519	$79,426	$485,593	$-17,907
2018	$58,385	$77,405	$514,042	$-19,020

CARIBOU ACRES WATER COMPANY INC