NEW CONSOLIDATED LOWER BOULDER RESERVOIR (EIN 841337329) - 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

1996

Legal Domicile

Principal Officer

ERIK NELSON

Phone

3034947433

Tax Period

2024-12-01 to 2025-11-30

NEW CONSOLIDATED LOWER BOULDER RESERVOIR, founded in 1996, is a small nonprofit that reported $383K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $570K exceeded revenue, resulting in a 49% operating deficit.

Mission

THE EXEMPT PURPOSE ACTIVITY OF THIS ORGANIZATION IS TO PROVIDE IRRIGATION WATER TO MEMBER FARMERS.

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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 $265,938

Investment Income $91,201

Other Revenue $26,345

TOTAL REVENUE $383,484

Expense Breakdown

Grants Paid $0

Salaries & Benefits $174,229

Fundraising Expenses $0

Program Expenses $421,132

Other Expenses $396,151

TOTAL EXPENSES $570,380

Year-over-Year Comparison

	2024	2023	Change
Revenue	$383,484	$643,325	-0.4%
Expenses	$570,380	$477,750	+0.2%
Net Income	$-186,896	$165,575	-2.1%

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

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

$10,000

Total Directors

$13,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIK NELSON	PRESIDENT/DIRECTOR	2.00	Officer Director	$5,000	$0	$5,000
FAMUER RASMUSSEN	VICE PRESIDENT	2.00	Officer Director	$5,000	$0	$5,000
THOMAS O'MALLEY	DIRECTOR	1.00	Director	$3,000	$0	$3,000
SARA WATSON	DIRECTOR	1.00	Director	$0	$0	$0
CARI BISCHOFF	DIRECTOR	1.00	Director	$0	$0	$0
JEFF WRIGHT	FORMER DIRECTOR	1.00		$3,000	$0	$3,000
KEVIN ASH	FORMER DIRECTOR	1.00		$3,000	$0	$3,000

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	$383,484	$570,380	$2,147,982	$-186,896
2024	$643,325	$477,750	$2,334,888	$165,575
2023	$318,078	$476,618	$2,169,655	$-158,540
2022	$266,864	$366,638	$2,329,024	$-99,774
2021	$455,150	$364,680	$2,432,210	$90,470
2020	$547,396	$399,284	$2,363,879	$148,112
2019	$1,653,365	$429,904	$2,202,945	$1,223,461
2018	$297,926	$271,185	$966,311	$26,741

NEW CONSOLIDATED LOWER BOULDER RESERVOIR