HANOVER MUTUAL DOMESTIC WATER CONSUMERS ASSOCIATION

EIN: 850302741 Mutual Benefit

HANOVER, NM

Total Revenue
$73,109
Total Expenses
$120,000
Total Assets
$1,058,441
Net Assets
$925,235
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
NM
Phone
5755376193
Tax Period
2023-01-01 to 2023-12-31

HANOVER MUTUAL DOMESTIC WATER CONSUMERS ASSOCIATION, founded in 2007, is a micro nonprofit in the Mutual Benefit sector that reported $73K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $120K exceeded revenue, resulting in a 64% operating deficit.

Mission

To provide water to the 93 residents of Hanover, NM

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $73,109
Investment Income $0
Other Revenue $0
TOTAL REVENUE $73,109

Expense Breakdown

Grants Paid $0
Salaries & Benefits $20,170
Fundraising Expenses $0
Program Expenses $102,801
Other Expenses $99,830
TOTAL EXPENSES $120,000

Year-over-Year Comparison

2023 2022 Change
Revenue $73,109 $64,638 +0.1%
Expenses $120,000 $116,246 +0.0%
Net Income $-46,891 $-51,608 -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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Governance

Voting Members
5
Independent Members
5
Employees
2
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
3
$9,600
Total Directors
5
$9,600
Key Employees
1
$9,600
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GILBERT CRUZ PRESIDENT 10.00
Officer Director
$0 $0 $0
ROSALINA SEDILLOS VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
LAURA BREED SECRETARY/TRESURER 20.00
Officer Director Key Emp
$0 $0 $9,600
WANDA MACINNIS BOARD MEMBER 1.00
Director
$0 $0 $0
MARK PAPPAS BOARD MEMBER 1.00
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
2023 $73,109 $120,000 $1,058,441 $-46,891
2022 $64,638 $116,246 $1,115,301 $-51,608
2021 $67,533 $131,724 $1,175,264 $-64,191
2020 $70,785 $124,207 $1,241,572 $-53,422
2019 $106,682 $166,510 $1,303,583 $-59,828
2018 $232,813 $297,485 $1,366,927 $-64,672
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