Canon City Hydraulic and Irrigating Ditch Company (EIN 840463355) - 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

1905

Legal Domicile

Principal Officer

Ray A Lippis

Tax Period

2024-01-01 to 2024-12-31

Canon City Hydraulic and Irrigating Ditch Company, founded in 1905, is a small nonprofit that reported $178K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $43K, a strong 24% operating margin.

Mission

The organizations mission is to provide water for irrigation purposes.

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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 $122,712

Program Service Revenue $54,848

Investment Income $0

Other Revenue $0

TOTAL REVENUE $177,560

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,830

Fundraising Expenses $0

Program Expenses $134,583

Other Expenses $85,753

TOTAL EXPENSES $134,583

Year-over-Year Comparison

	2024	2023	Change
Revenue	$177,560	$163,004	+0.1%
Expenses	$134,583	$166,949	-0.2%
Net Income	$42,977	$-3,945	-11.9%

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

$2,400

Total Directors

$2,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ray Lippis	President	008.00	Officer Director	$2,000	$0	$2,000
Mannie Colon	Director	004.00	Officer Director	$200	$0	$200
Will Colon	Secretary-Treasurer	001.00	Officer Director	$200	$0	$200
Andrea Stein	Director	001.00	Director	$200	$0	$200
Ralph Kunselman	Director	001.00	Director	$200	$0	$200

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	$177,560	$134,583	$643,550	$42,977
2023	$163,004	$166,949	$602,623	$-3,945
2022	$157,663	$77,210	$602,229	$80,453
2021	$191,598	$112,758	$520,874	$78,840

Canon City Hydraulic and Irrigating Ditch Company