WINTERHAVEN WATER & DEVELOPMENT CO INC (EIN 860117572) - 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

1948

Legal Domicile

Principal Officer

MIKE MORALES

Phone

5203270111

Tax Period

2023-01-01 to 2023-12-31

WINTERHAVEN WATER & DEVELOPMENT CO INC, founded in 1948, is a small nonprofit that reported $260K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $222K left a modest 14% surplus.

Mission

COOPERATIVE WATER COMPANY

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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 $256,908

Investment Income $2,902

Other Revenue $0

TOTAL REVENUE $259,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,833

Fundraising Expenses $0

Other Expenses $168,378

TOTAL EXPENSES $222,211

Year-over-Year Comparison

	2023	2022	Change
Revenue	$259,810	$206,220	+0.3%
Expenses	$222,211	$182,222	+0.2%
Net Income	$37,599	$23,998	+0.6%

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

Volunteers

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

$24,400

Total Directors

$24,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE MORALES	PRESIDENT	3.00	Officer Director	$0	$0	$0
DOROTHA BRADLEY	VP & REFUSE CHAIR	3.00	Officer Director	$0	$0	$0
JENNIFER ROLLINS	HOSPITALITY CHAIR	3.00	Director	$0	$0	$0
ANDREW HAINES	FINANCE	3.00	Director	$0	$0	$0
BRIAN STOVER	LANDSCAPE CHAIR	3.00	Director	$0	$0	$0
KELLY BURKHOLDER	WATER CHAIR	3.00	Director	$0	$0	$0
JENNIFER PERSHING	SECRETARY/TREASURER	20.00	Officer Director	$24,400	$0	$24,400
KAYLA COOK	BUILDING APPROVAL CHAIR	3.00	Director	$0	$0	$0
TRISH NAPIER	PUBLIC EVENTS CHAIR	3.00	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	No data	No data	No data	No data
2023	$259,810	$222,211	$748,241	$37,599
2022	$206,220	$182,222	$703,784	$23,998
2021	$191,249	$142,071	$697,919	$49,178
2020	$191,091	$158,103	$643,945	$32,988
2019	$189,520	$159,940	$610,667	$29,580
2018	$234,054	$215,828	$581,074	$18,226

WINTERHAVEN WATER & DEVELOPMENT CO INC