THE TUNNEL WATER COMPANY (EIN 840339415) - 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

1938

Legal Domicile

Principal Officer

KEITH AMEN

Phone

9704823433

Tax Period

2024-12-01 to 2025-11-30

THE TUNNEL WATER COMPANY, founded in 1938, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.4M exceeded revenue, resulting in a 46% operating deficit.

Mission

TRANSMISSION AND DELIVERY OF IRRIGATION WATER TO SHAREHOLDERS

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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 $1,610,925

Investment Income $19,873

Other Revenue $22,149

TOTAL REVENUE $1,652,947

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,280,773

Other Expenses $2,415,446

TOTAL EXPENSES $2,415,446

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,652,947	$1,522,574	+0.1%
Expenses	$2,415,446	$902,473	+1.7%
Net Income	$-762,499	$620,101	-2.2%

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

$305,164

Total Directors

$125,471

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER THIEDE	SECRETARY/TREASURER	10.00	Officer Director	$0	$1,578	$80,471
KEITH AMEN	PRESIDENT	1.00	Officer Director	$0	$0	$45,000
CHRIS PLETCHER	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
RANDY GUSTAFSON	DIRECTOR	0.50	Director	$0	$0	$0
GREG FEIT	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN FOSS	DIRECTOR	0.50	Director	$0	$0	$0
ERIC WESTLIND	GENERAL MANAGER	10.00	Officer	$0	$3,523	$179,693

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	$1,652,947	$2,415,446	$27,793,516	$-762,499
2024	$1,522,574	$902,473	$29,073,213	$620,101
2023	$1,424,926	$805,074	$27,362,824	$619,852
2022	$1,403,890	$859,239	$26,078,030	$544,651
2021	$1,107,811	$486,649	$21,651,947	$621,162
2020	$657,900	$296,834	$15,067,176	$361,066
2019	$584,075	$402,646	$9,418,665	$181,429
2018	$605,572	$354,150	$5,097,316	$251,422

THE TUNNEL WATER COMPANY