PICACHO PEAK WATER COMPANY (EIN 860342107) - 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

1977

Legal Domicile

Principal Officer

Michael Wirth

Phone

6022751710

Tax Period

2024-01-01 to 2024-12-31

PICACHO PEAK WATER COMPANY, founded in 1977, is a small nonprofit in the Mutual Benefit sector that reported $178K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $167K left a modest 6% surplus.

Mission

The sole purpose of this entity is to operate, maintain and upgrade the water utility so it can provide safe and reliable potable water to its members.

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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 $171,294

Investment Income $6,098

Other Revenue $312

TOTAL REVENUE $177,704

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $76,918

Other Expenses $76,918

TOTAL EXPENSES $167,018

Year-over-Year Comparison

	2024	2023	Change
Revenue	$177,704	$196,545	-0.1%
Expenses	$167,018	$59,235	+1.8%
Net Income	$10,686	$137,310	-0.9%

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
Michael Wirth	President	6	Officer	$0	$0	$0
Danna Cogburn Barrett	Secretary, Treasurer	4	Officer	$0	$0	$0
Kit Johnson	Vice President	2	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	$177,704	$167,018	$608,922	$10,686
2023	$196,545	$59,235	$597,282	$137,310
2022	$239,566	$58,721	$664,037	$180,845

PICACHO PEAK WATER COMPANY