Fort Morgan Reservoir & Irrigation Company (EIN 840205370) - 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

1954

Legal Domicile

Principal Officer

William Lauck

Phone

9708677561

Tax Period

2025-01-01 to 2025-12-31

Fort Morgan Reservoir & Irrigation Company, founded in 1954, is a small nonprofit that reported $591K in total revenue in fiscal year 2025. Expenses of $795K exceeded revenue, resulting in a 34% operating deficit.

Mission

To acquire title and ownership in and to the Fort Morgan Ditch, with all water rights, appropriations, etc. to own, use and operate.

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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 $584,397

Program Service Revenue $0

Investment Income $6,949

Other Revenue $0

TOTAL REVENUE $591,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,342

Fundraising Expenses $0

Program Expenses $656,406

Other Expenses $633,899

TOTAL EXPENSES $795,241

Year-over-Year Comparison

	2025	2024	Change
Revenue	$591,346	$561,473	+0.1%
Expenses	$795,241	$696,938	+0.1%
Net Income	$-203,895	$-135,465	+0.5%

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
Steven Griffith	Director	002.00	Director	$0	$0	$0
Peter Bolinger	Sec/Treas, Director	002.00	Officer Director	$0	$0	$0
Chris Kraft	Vice President, Director	002.00	Officer Director	$0	$0	$0
Bill Lauck	President, Director	005.00	Officer Director	$0	$0	$0
Keith Bath	Director	002.00	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
2025	$591,346	$795,241	$4,801,339	$-203,895
2024	$561,473	$696,938	$5,113,483	$-135,465
2023	$616,305	$577,928	$5,251,947	$38,377
2022	$559,936	$557,694	$3,686,651	$2,242
2021	$658,467	$635,846	$3,737,109	$22,621
2020	$642,873	$601,386	$3,781,029	$41,487
2019	$661,642	$581,957	$3,814,739	$79,685
2018	$715,078	$626,221	$3,977,858	$88,857

Fort Morgan Reservoir & Irrigation Company