FARMERS' WATER DEVELOPMENT COMPANY (EIN 840201050) - 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

1913

Legal Domicile

Principal Officer

DAVID ALEXANDER

Phone

9703270484

Tax Period

2024-01-01 to 2024-12-31

FARMERS' WATER DEVELOPMENT COMPANY, founded in 1913, is a small nonprofit that reported $232K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 32% operating margin.

Mission

MANAGING AND MAINTAINING DITCH AND IRRIGATION SYSTEMS FOR MEMBERS/USERS

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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 $50,000

Program Service Revenue $172,099

Investment Income $6,515

Other Revenue $3,012

TOTAL REVENUE $231,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,290

Fundraising Expenses $0

Program Expenses $151,382

Other Expenses $86,651

TOTAL EXPENSES $156,941

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,626	$173,964	+0.3%
Expenses	$156,941	$143,208	+0.1%
Net Income	$74,685	$30,756	+1.4%

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
DAVID ALEXANDER	PRESIDENT	1.00	Officer Director	$0	$0	$0
KENNY HELDMAN	DIRECTOR	1.00	Director	$0	$0	$0
LOTHAN SNYDER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
TODD SNYDER	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
CHRIS TROSPER	DIRECTOR	1.00	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	$231,626	$156,941	$1,318,286	$74,685
2023	$173,964	$143,208	$1,244,581	$30,756
2022	$372,064	$507,139	$1,211,166	$-135,075
2021	$180,603	$190,002	$1,350,834	$-9,399
2020	$184,995	$217,162	$1,361,214	$-32,167
2019	$161,506	$185,754	$1,394,359	$-24,248
2018	$172,994	$175,066	$1,419,587	$-2,072

FARMERS' WATER DEVELOPMENT COMPANY