CORTARO WATER USERS ASSOCIATION (EIN 860079822) - 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

1961

Legal Domicile

Phone

5206823233

Tax Period

2024-01-01 to 2024-12-31

CORTARO WATER USERS ASSOCIATION, founded in 1961, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $2.8M exceeded revenue, resulting in a 11% operating deficit.

Mission

CORTARO WATER USERS ASSOCIATION IS THE OPERATING AGENT FOR CORTARO MARANA IRRIGATION DISTRICT. A POLITICAL SUBDIVISION OF THE STATE OF ARIZONA

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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 $0

Program Service Revenue $2,504,130

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,504,130

Expense Breakdown

Grants Paid $0

Salaries & Benefits $698,590

Fundraising Expenses $0

Program Expenses $2,773,165

Other Expenses $2,074,575

TOTAL EXPENSES $2,773,165

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,504,130	$2,853,109	-0.1%
Expenses	$2,773,165	$2,396,950	+0.2%
Net Income	$-269,035	$456,159	-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

N/A

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

$159,428

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS GREENLAND	GENERAL MANAGER	40.00	Officer	$159,428	$0	$159,428
JAMES M KAI	DIRECTOR	0.50	Director	$0	$0	$0
KADEN POST	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE C ALEXANDER	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ZANE KARTCHNER	DIRECTOR	0.50	Officer Director	$0	$0	$0
HERBERT KAI	PRESIDENT	0.50	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	$2,504,130	$2,773,165	$4,995,459	$-269,035
2023	$2,853,109	$2,396,950	$580,491	$456,159
2022	$2,566,631	$2,566,631	No data	No data
2021	$2,148,167	$2,148,167	No data	No data
2020	$1,843,990	$1,843,990	No data	No data
2019	$1,720,868	$1,720,868	No data	No data
2018	$1,626,030	$1,626,030	No data	No data

CORTARO WATER USERS ASSOCIATION