Montezuma Water Company (EIN 840565077) - 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

1965

Legal Domicile

Principal Officer

Steven K Bowman

Phone

9708222226

Tax Period

2023-01-01 to 2023-12-31

Montezuma Water Company, founded in 1965, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023. Expenses of $4.4M left a modest 8% surplus.

Mission

Provide clean, dependable, potable water to members in rural Southwestern Colorado.

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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 (2023)

Revenue Breakdown

Contributions & Grants $768,152

Program Service Revenue $3,931,186

Investment Income $61,972

Other Revenue $1,769

TOTAL REVENUE $4,763,079

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,190,209

Fundraising Expenses $0

Program Expenses $3,597,478

Other Expenses $2,210,494

TOTAL EXPENSES $4,400,703

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,763,079	$4,588,121	+0.0%
Expenses	$4,400,703	$4,099,268	+0.1%
Net Income	$362,376	$488,853	-0.3%

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

$255,242

Total Directors

$173,337

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven K Bowman	General Manager	42.00	Officer Director	$145,438	$0	$145,438
Ronald W Roggenback	Plant Supervisor	40.00		$135,181	$0	$135,181
Warren J Conner	Field Crew Leader	40.00		$114,738	$0	$114,738
Douglas Coulon	Crew Leader-South	40.00		$107,500	$0	$107,500
Travis Willbanks	Plant Operator	40.00		$107,076	$0	$107,076
Lance C Miller	Controller	50.00	Officer	$98,629	$0	$98,629
Mike Rosso	President	2.00	Officer Director	$5,400	$0	$5,400
Ted Holgate	Secr/Treas	1.00	Officer Director	$3,225	$0	$3,225
Wesley Wilson	Director	0.50	Director	$2,999	$0	$2,999
Cindy Green	Director	0.50	Director	$2,850	$0	$2,850
Tad Willbanks	Director	0.50	Director	$2,775	$0	$2,775
Wayne Johnson	Director	0.50	Director	$2,700	$0	$2,700
Wanda Graves	Director	0.50	Director	$2,700	$0	$2,700
Glen Fish	Director	0.50	Director	$2,700	$0	$2,700
Rusty Hamilton	Vice President	0.50	Officer Director	$2,550	$0	$2,550

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	No data	No data	No data	No data
2023	$4,763,079	$4,400,703	$22,295,831	$362,376
2022	$4,588,121	$4,099,268	$22,701,503	$488,853
2021	$4,345,033	$3,658,422	$21,745,997	$686,611
2020	$3,980,794	$3,612,152	$21,183,312	$368,642
2019	$3,548,389	$3,462,622	$20,754,530	$85,767
2018	$3,695,089	$3,411,137	$20,710,299	$283,952

Montezuma Water Company