DAVIS & WEBER COUNTIES CANAL COMPANY (EIN 870127940) - 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

1884

Legal Domicile

Principal Officer

RICHARD SMITH

Phone

8017746373

Tax Period

2023-11-01 to 2024-10-31

DAVIS & WEBER COUNTIES CANAL COMPANY, founded in 1884, is a mid-sized nonprofit that reported $18.2M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.9M, a strong 65% operating margin.

Mission

THE ORGANIZATION PROVIDES IRRIGATION AND SECONDARY WATER TO ITS MEMBERS THROUGHOUT PARTS OF WEBER AND DAVIS COUNTIES IN UTAH.

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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 $6,956,983

Program Service Revenue $10,508,990

Investment Income $748,772

Other Revenue $0

TOTAL REVENUE $18,214,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,201,997

Fundraising Expenses $0

Other Expenses $5,128,899

TOTAL EXPENSES $6,330,896

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,214,745	$12,518,674	+0.5%
Expenses	$6,330,896	$6,036,903	+0.0%
Net Income	$11,883,849	$6,481,771	+0.8%

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

$313,650

Total Directors

$9,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD SMITH	MANAGER	20.00	Officer	$66,624	$65,980	$199,228
KAYLEEN MEIKLE	Secretary	27.00	Officer	$46,279	$42,349	$111,422
SCOTT PAXMAN	President	0.50	Officer Director	$1,500	$0	$1,500
DARREN HESS	Trustee	0.50	Director	$1,500	$0	$1,500
RODNEY BANKS	Trustee	0.50	Director	$1,500	$0	$1,500
ROBERT WHITELEY	Vice President	0.50	Officer Director	$1,500	$0	$1,500
THOMAS DAY	Trustee	0.50	Director	$1,200	$0	$1,200
JON GREEN	Trustee	0.50	Director	$1,200	$0	$1,200
DEXTER FISHER	Trustee	0.50	Director	$1,200	$0	$1,200
Michael Roueche	Trustee	0.50	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	$18,214,745	$6,330,896	$99,331,866	$11,883,849
2023	$12,518,674	$6,036,903	$84,408,913	$6,481,771
2022	$11,581,854	$5,576,272	$78,097,906	$6,005,582
2021	$8,211,591	$5,820,173	$75,121,489	$2,391,418
2020	$8,381,661	$5,488,039	$71,774,617	$2,893,622
2019	$9,161,024	$5,590,872	$68,873,190	$3,570,152
2018	$8,083,564	$5,567,759	$64,032,570	$2,515,805

DAVIS & WEBER COUNTIES CANAL COMPANY