CYPRESS COVE WATER SUPPLY CORPORAT… - Form 990 Financial Data

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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

2018

Legal Domicile

Principal Officer

MICHAEL VORHIS

Phone

8308852440

Tax Period

2025-01-01 to 2025-12-31

CYPRESS COVE WATER SUPPLY CORPORATION, founded in 2018, is a small nonprofit in the Public & Societal Benefit sector that reported $788K in total revenue in fiscal year 2025. Revenue decreased 10% compared to the prior year. Expenses of $761K left a modest 3% surplus.

Mission

Supplying water to members

Program Service Accomplishments

Program 1

Supplying water to members

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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 $767,379

Investment Income $9,066

Other Revenue $11,343

TOTAL REVENUE $787,788

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $761,309

TOTAL EXPENSES $761,309

Year-over-Year Comparison

	2025	2024	Change
Revenue	$787,788	$875,439	-0.1%
Expenses	$761,309	$898,563	-0.2%
Net Income	$26,479	$-23,124	-2.1%

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

$108,545

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE VORHIS	PRESIDENT	2	Officer	$108,545	$0	$108,545
SHANNON CREAGER	SECRETARY TREASURER	1	Officer	$0	$0	$0
BOBBY ALLEN	DIRECTOR	1	Director	$0	$0	$0
DANIEL DIONNE	VICE PRESIDENT	1	Officer	$0	$0	$0
ANDREA MERTINS	DIRECTOR	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
2025	No data	No data	No data	No data
2025	$787,788	$761,309	$1,977,355	$26,479
2024	$875,439	$898,563	$1,630,557	$-23,124
2023	$824,812	$677,047	$1,735,763	$147,765
2022	$807,267	$830,960	$1,391,703	$-23,693
2021	$835,746	$662,562	$724,050	$173,184
2020	$630,408	$670,817	$532,423	$-40,409
2019	$505,914	$395,391	$577,742	$110,523

CYPRESS COVE WATER SUPPLY CORPORATION