CUMBERLAND COOPERATIVE WATER USERS… - Form 990 Financial Data

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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

1966

Legal Domicile

Principal Officer

PENNY POLAK

Phone

5756231350

Tax Period

2023-01-01 to 2023-12-31

CUMBERLAND COOPERATIVE WATER USERS ASSOCIATION, founded in 1966, is a small nonprofit that reported $133K in total revenue in fiscal year 2023. Expenses of $178K exceeded revenue, resulting in a 33% operating deficit.

Mission

TO CONSTRUCT, MAINTAIN AND OPERATE A WATER SYSTEM TO SUPPLY AND DISTRIBUTE WATER FOR DOMESTIC USE TO ITS 222 MEMBERS LOCATED IN CHAVES COUNTY, NEW MEXICO.

Program Service Accomplishments

Program 1

TO DISTRIBUTE WATER FOR DOMESTIC USE TO ITS 222 MEMBERS LOCATED IN CHAVES COUNTY, NEW MEXICO.

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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 $133,227

Investment Income $0

Other Revenue $56

TOTAL REVENUE $133,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,581

Fundraising Expenses $0

Other Expenses $121,312

TOTAL EXPENSES $177,893

Year-over-Year Comparison

	2023	2022	Change
Revenue	$133,283	$138,048	0.0%
Expenses	$177,893	$181,936	0.0%
Net Income	$-44,610	$-43,888	+0.0%

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

222

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PENNY POLAK	PRESIDENT	40.00	Officer Director	$0	$0	$0
LIZ SIGALA	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL BRISCO	TREASURER	40.00	Director	$0	$0	$0
MANUEL PRIETO	DIRECTOR	1.00	Director	$0	$0	$0
ALBERT SIGALA	VICE PRESIDENT	20.00	Officer Director	$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	No data	No data	No data	No data
2023	$133,283	$177,893	$824,476	$-44,610
2022	$138,048	$181,936	$871,420	$-43,888
2021	$135,755	$180,510	$915,491	$-44,755
2020	$137,199	$189,496	$965,159	$-52,297
2019	$125,616	$184,354	$1,023,517	$-58,738
2018	$137,008	$221,665	$1,085,536	$-84,657

CUMBERLAND COOPERATIVE WATER USERS ASSOCIATION