COTTONWOOD CREEK CONSOLIDATED IRRIGATION COMPANY (EIN 870236360) - 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

1903

Legal Domicile

Principal Officer

CRAIG JOHANSEN

Phone

4353812073

Tax Period

2023-01-01 to 2023-12-31

COTTONWOOD CREEK CONSOLIDATED IRRIGATION COMPANY, founded in 1903, is a small nonprofit in the Public & Societal Benefit sector that reported $604K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 107% operating deficit.

Mission

TO PROVIDE A WATER SUPPLY FOR BENEFICIAL USES BY ITS STOCKHOLDERS AND OTHERWISE PROMOTING THE GENERAL INTEREST AND WELFARE OF THE STOCKHOLDERS.

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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 $559,803

Investment Income $44,140

Other Revenue $0

TOTAL REVENUE $603,943

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,982

Fundraising Expenses $0

Other Expenses $1,219,154

TOTAL EXPENSES $1,248,136

Year-over-Year Comparison

	2023	2022	Change
Revenue	$603,943	$1,563,974	-0.6%
Expenses	$1,248,136	$1,432,539	-0.1%
Net Income	$-644,193	$131,435	-5.9%

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

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

$18,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG JOHANSEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JUSTUS JORGENSEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK TUTTLE	BOARD MEMBER	1.00	Director	$0	$0	$0
RHETT SWASEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MERRIAL JOHANSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
STUART JENSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROD MAGNUSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LAREN HUNTSMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSY JOHANSEN	SECRETARY/TREASURER	8.00	Officer	$18,000	$0	$18,000

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
2023	$603,943	$1,248,136	$27,935,160	$-644,193
2022	$1,563,974	$1,432,539	$28,835,425	$131,435
2021	$610,511	$1,173,268	$29,168,496	$-562,757
2020	$628,518	$1,238,655	$29,792,429	$-610,137
2019	$594,819	$1,211,594	$30,662,667	$-616,775
2018	$677,789	$1,186,341	$31,538,540	$-508,552

COTTONWOOD CREEK CONSOLIDATED IRRIGATION COMPANY