OAK CREEK WATER CO NO 1 (EIN 860205095) - 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

1951

Legal Domicile

Principal Officer

DOUG BOWEN

Phone

9282823404

Tax Period

2020-07-01 to 2020-08-31

OAK CREEK WATER CO NO 1, founded in 1951, is a micro nonprofit that reported $841K in total revenue in fiscal year 2020. Revenue fell 274% from the prior year — a significant decline worth monitoring.

Mission

THE SOLE PURPOSE OF THE COMPANY IS TO MAINTAIN AND SUPPLY WATER TO THE PROPERTY OWNERS/MEMBERS WITHIN THE DESIGNATED SUB-DIVISIONS. ALL FUNDS ARE REINVESTED BACK INTO THE WATER SYSTEM TO MEET ALL EXPENSES AND LOSSES INCURRED BY THE COMPANY. THE NUMBER OF METERS SERVED WITHIN THE SYSTEM IS 757. THE CORPORATION IS EXCLUSIVELY FOR THE BENEFIT OF SAID PROPERTY OWNERS WITHIN ITS BOUNDARIES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $8,320

Program Service Revenue $106,501

Investment Income $-955,590

Other Revenue $0

TOTAL REVENUE $-840,769

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,299

Fundraising Expenses $0

Other Expenses $47,705

TOTAL EXPENSES $74,004

Year-over-Year Comparison

	2020	2019	Change
Revenue	$-840,769	$482,111	-2.7%
Expenses	$74,004	$479,805	-0.8%
Net Income	$-914,773	$2,306	-397.7%

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

$19,018

Total Directors

$19,018

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG BOWEN	President	20.00	Officer Director	$19,018	$0	$19,018
PAUL SLEVIN	Treasurer	1.00	Officer Director	$0	$0	$0
CREED OSTLER	Secretary	0.25	Officer Director	$0	$0	$0
CHAN SMITH	Director	0.25	Director	$0	$0	$0
PAUL LEFEVRE	Director	0.25	Director	$0	$0	$0
RON ROVEY	Director	0.25	Director	$0	$0	$0
BOB BAREUTHER	Vice President	0.25	Officer 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
2020	$482,111	$479,805	$1,429,962	$2,306
2020	$-840,769	$74,004	No data	$-914,773

OAK CREEK WATER CO NO 1