RINCON MUTUAL DOMESTIC WATER CONSUMERS ASSOCIATION (EIN 856011480) - 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

1954

Legal Domicile

Principal Officer

JOE MORROW

Phone

5752670633

Tax Period

2022-01-01 to 2022-12-31

RINCON MUTUAL DOMESTIC WATER CONSUMERS ASSOCIATION, founded in 1954, is a small nonprofit that reported $149K in total revenue in fiscal year 2022. Expenses of $133K left a modest 11% surplus.

Mission

WATER COOPERATIVE FOR THE RESIDENTS OF RINCON, 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $148,719

Investment Income $35

Other Revenue $0

TOTAL REVENUE $148,754

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,945

Fundraising Expenses $0

Program Expenses $102,196

Other Expenses $76,861

TOTAL EXPENSES $132,806

Year-over-Year Comparison

	2022	2021	Change
Revenue	$148,754	$146,763	+0.0%
Expenses	$132,806	$212,869	-0.4%
Net Income	$15,948	$-66,106	-1.2%

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

$32,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE MORROW	PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL HALSELL	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ELIZABETH MOYERS	SEC./TREASUR	1.00	Officer Director	$0	$0	$0
CATHY MILLE	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY FRANKLIN	DIRECTOR	1.00	Director	$0	$0	$0
LINDA DENNIS	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN OLIVAS	DIRECTOR	1.00	Director	$0	$0	$0
CAROLE BOUCHARD	MANAGER	40.00	Officer	$32,400	$0	$32,400

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
2022	$148,754	$132,806	No data	$15,948
2021	$146,763	$212,869	$267,809	$-66,106
2020	$149,990	$235,365	$333,676	$-85,375
2019	$126,408	$229,158	$420,074	$-102,750
2018	$116,045	$225,614	$523,061	$-109,569

RINCON MUTUAL DOMESTIC WATER CONSUMERS ASSOCIATION