THE LAKE CANAL RESERVOIR COMPANY (EIN 840658691) - 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

1902

Legal Domicile

Principal Officer

MELISSA BUICK

Phone

9704207019

Tax Period

2023-12-01 to 2024-11-30

THE LAKE CANAL RESERVOIR COMPANY, founded in 1902, is a small nonprofit that reported $421K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $253K, a strong 60% operating margin.

Mission

TRANSPORTATION OF WATER.

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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 $0

Program Service Revenue $366,112

Investment Income $53,546

Other Revenue $1,138

TOTAL REVENUE $420,796

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,680

Fundraising Expenses $0

Other Expenses $116,166

TOTAL EXPENSES $167,846

Year-over-Year Comparison

	2023	2022	Change
Revenue	$420,796	$326,251	+0.3%
Expenses	$167,846	$262,580	-0.4%
Net Income	$252,950	$63,671	+3.0%

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

$22,475

Total Directors

$26,975

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA BUICK	S/T - DIRECT	15.00	Officer Director	$19,475	$0	$19,475
GREG STIEBEN	VICE PRESIDE	1.00	Officer Director	$1,500	$0	$1,500
BYRON COLLINS	PRESIDENT -	1.00	Officer Director	$1,500	$0	$1,500
JUSTIN GREEN	DIRECTOR	20.00	Director	$1,500	$0	$1,500
SHAWN HOFF	TRUSTEE/DIRE	1.00	Director	$1,500	$0	$1,500
PATRICK MCMEEKIN	DIRECTOR	1.00	Director	$1,500	$0	$1,500

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	$420,796	$167,846	$1,581,637	$252,950
2023	$326,251	$262,580	$1,345,355	$63,671
2021	$255,662	$120,159	$1,024,541	$135,503
2020	$252,471	$105,285	$906,354	$147,186
2019	$242,036	$168,477	$775,727	$73,559

THE LAKE CANAL RESERVOIR COMPANY