SEVEN LAKES RESERVOIR 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

1904

Legal Domicile

Principal Officer

DAN KAMMERZELL

Phone

9703527990

Tax Period

2024-11-01 to 2025-10-31

SEVEN LAKES RESERVOIR COMPANY, founded in 1904, is a small nonprofit that reported $183K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Net assets of $903K represent 59 months of operating reserves.

Mission

PROVIDING IRRIGATION WATER FOR AGRICULTURAL USES TO SHAREHOLDERS IN THE LOVELAND AND GREELEY AREA OF NORTHERN COLORADO.

Program Service Accomplishments

Program 1

OPERATION OF MUTAL IRRAGATION COMPANY FOR THE BENEFIT OF ITS MEMEBERS

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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 $173,580

Investment Income $9,253

Other Revenue $0

TOTAL REVENUE $182,833

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,983

Fundraising Expenses $0

Other Expenses $127,638

TOTAL EXPENSES $178,621

Year-over-Year Comparison

	2024	2023	Change
Revenue	$182,833	$199,963	-0.1%
Expenses	$178,621	$164,724	+0.1%
Net Income	$4,212	$35,239	-0.9%

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
TIM BERNHARDT	PRESIDENT	N/A	Officer Director	$0	$0	$0
RANDY SCHWALM	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
MIKE WIEDEMAN	DIRECTOR	N/A	Director	$0	$0	$0
ERICK CLARK	DIRECTOR	N/A	Director	$0	$0	$0
TRAVIS GILBERTSON	DIRECTOR	N/A	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	$182,833	$178,621	$2,007,302	$4,212
2024	$199,963	$164,724	$2,049,017	$35,239
2023	$163,742	$157,215	$2,058,781	$6,527
2022	$175,406	$162,304	$2,096,462	$13,102
2021	$177,920	$164,080	$2,126,135	$13,840
2020	$176,367	$149,084	$2,160,327	$27,283
2019	$175,844	$185,663	$2,166,290	$-9,819
2018	$173,813	$196,753	$2,215,426	$-22,940