WOOD LAKE MUTUAL WATER & IRRIGATION (EIN 840984292) - 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

1958

Legal Domicile

Principal Officer

GARY BOOTH

Phone

9703537055

Tax Period

2025-01-01 to 2025-12-31

WOOD LAKE MUTUAL WATER & IRRIGATION, founded in 1958, is a small nonprofit that reported $108K in total revenue in fiscal year 2025. The organization ran a surplus of $24K, a strong 22% operating margin.

Mission

MAINTENANCE AND REPAIR OF DAMS AND IRRIGATION DITCHES THAT SUPPLY WATER FOR FARMING.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $85,955

Investment Income $22,389

Other Revenue $143

TOTAL REVENUE $108,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,000

Fundraising Expenses $0

Program Expenses $84,707

Other Expenses $75,707

TOTAL EXPENSES $84,707

Year-over-Year Comparison

	2025	2024	Change
Revenue	$108,487	$102,921	+0.1%
Expenses	$84,707	$82,205	+0.0%
Net Income	$23,780	$20,716	+0.1%

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

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

$4,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN FAGERBERG	DIRECTOR	1.00	Director	$0	$0	$0
ART GUTTERSEN	DIRECTOR	1.00	Director	$0	$0	$0
JIM MAGNUSON	DIRECTOR	1.00	Director	$0	$0	$0
GARY BOOTH	PRESIDENT AND CEO	2.00	Officer	$2,000	$0	$2,000
KELLY JOHNSTON	SECRETARY/TREASURER	1.00	Officer	$1,250	$0	$1,250
MARK BOOTH	VICE PRESIDENT	1.00	Officer	$1,000	$0	$1,000

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	$108,487	$84,707	$685,486	$23,780
2024	No data	No data	No data	No data
2023	$95,094	$79,523	$680,695	$15,571
2022	$81,112	$78,950	$684,259	$2,162
2021	$92,534	$69,797	$700,540	$22,737
2020	$138,728	$83,284	$695,580	$55,444
2019	$175,917	$76,239	$664,902	$99,678
2018	$485,888	$85,128	$591,466	$400,760

WOOD LAKE MUTUAL WATER & IRRIGATION