LAKE FOREST MUTUAL WATER COMPANY (EIN 846036245) - 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

1960

Legal Domicile

Principal Officer

JOHN STEELE

Phone

3038820998

Tax Period

2024-01-01 to 2024-12-31

LAKE FOREST MUTUAL WATER COMPANY, founded in 1960, is a small nonprofit that reported $211K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $252K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROVIDE CLEAN DRINKING WATER TO RESIDENTS OF LAKE FOREST SUBDIVISION.

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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 $198,690

Program Service Revenue $0

Investment Income $12,179

Other Revenue $0

TOTAL REVENUE $210,869

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $228,272

Other Expenses $252,194

TOTAL EXPENSES $252,194

Year-over-Year Comparison

	2024	2023	Change
Revenue	$210,869	$188,067	+0.1%
Expenses	$252,194	$279,118	-0.1%
Net Income	$-41,325	$-91,051	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY CLARK	PROJECT LIAI	4.00	Officer	$0	$0	$0
MARK DONNELLY	SECRETARY	4.00	Officer	$0	$0	$0
CINDY HENERSON	BOARD MEMBER	4.00	Officer	$0	$0	$0
ADDAM MIDDLEBROOK	VICE PRESIDE	4.00	Officer	$0	$0	$0
JOHN STEELE	TREASURER	4.00	Officer	$0	$0	$0
TERESA ZERR	PRESIDENT	4.00	Officer	$0	$0	$0

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	$210,869	$252,194	$3,934,134	$-41,325
2023	$188,067	$279,118	$4,031,845	$-91,051
2022	$191,961	$243,925	$4,189,072	$-51,964
2021	$200,024	$222,979	$4,258,207	$-22,955
2020	$211,051	$273,319	$4,324,037	$-62,268
2019	$1,137,803	$68,976	$4,400,851	$1,068,827
2018	$191,640	$88,206	$2,629,555	$103,434

LAKE FOREST MUTUAL WATER COMPANY