PLACITAS TRAILS WATER COOPERATIVE

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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

1985

Legal Domicile

Principal Officer

SYLVIA LAKE

Phone

5058679485

Tax Period

2023-10-01 to 2024-09-30

PLACITAS TRAILS WATER COOPERATIVE, founded in 1985, is a small nonprofit in the Mutual Benefit sector that reported $120K in total revenue in fiscal year 2023. Expenses of $115K left a modest 4% surplus.

Mission

CONSTRUCT, MAINTAIN AND OPERATE A WATER SYSTEM SUPPLYING DOMESTIC WATER TO ITS MEMBERS AND THE LANDS OF ITS MEMBERS.

Program Service Accomplishments

Program 1

PROVIDE WATER SYSTEM AND RESIDENTIAL WATER SUPPLY TO RESIDENTS OF PLACITAS TRAILS 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $107,720

Investment Income $12,305

Other Revenue $0

TOTAL REVENUE $120,025

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $114,835

TOTAL EXPENSES $114,835

Year-over-Year Comparison

	2023	2022	Change
Revenue	$120,025	$122,511	0.0%
Expenses	$114,835	$131,100	-0.1%
Net Income	$5,190	$-8,589	-1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WAYNE GAEDE	SECRETARY	2.00	Officer Director	$0	$0	$0
RANDY HALL	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DAVID KILGUS	TREASURER	2.00	Officer Director	$0	$0	$0
SYLVIA LAKE	PRESIDENT	2.00	Officer Director	$0	$0	$0
DARYL MASHKE	DIRECTOR	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
2024	$120,025	$114,835	$1,131,003	$5,190
2023	$122,511	$131,100	$1,126,882	$-8,589
2022	$150,858	$118,655	$1,136,838	$32,203
2021	$197,679	$119,900	$1,109,386	$77,779
2020	$199,884	$161,189	$1,102,610	$38,695