VEYO CULINARY WATER ASSOCIATION (EIN 870300566) - 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

1952

Legal Domicile

Principal Officer

KEN KONOLD

Phone

4355742437

Tax Period

2023-01-01 to 2023-12-31

VEYO CULINARY WATER ASSOCIATION, founded in 1952, is a small nonprofit in the Human Services sector that reported $256K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $430K exceeded revenue, resulting in a 68% operating deficit.

Mission

THE PURPOSE OF THE VEYO CULINARY WATER ASSOCIATION, AS A NONPROFIT UTAH CORPORATION SINCE 1952, IS TO PROVIDE SAFE, RELIABLE, AND COST EFFECTIVE CULINARY WATER TO MEMBERS OF OUR ASSOCIATION IN THE VEYO AREA OF WASHINGTON COUNTY, 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 $0

Program Service Revenue $255,110

Investment Income $1,349

Other Revenue $0

TOTAL REVENUE $256,459

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,370

Fundraising Expenses $0

Program Expenses $328,361

Other Expenses $347,556

TOTAL EXPENSES $429,926

Year-over-Year Comparison

	2023	2022	Change
Revenue	$256,459	$293,708	-0.1%
Expenses	$429,926	$292,927	+0.5%
Net Income	$-173,467	$781	-223.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TROY PEARSON	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON WALKER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LEAVITT	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEN KONOLD	TREASURER	1.00	Officer Director	$0	$0	$0
LARRY STAHELI	DIRECTOR	1.00	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	$256,459	$429,926	$2,521,766	$-173,467
2022	$293,708	$292,927	$2,622,723	$781
2021	$324,522	$277,439	$2,634,301	$47,083
2020	$200,116	$356,359	$2,595,759	$-156,243
2019	$199,354	$268,267	$2,760,789	$-68,913
2018	$228,448	$259,711	$2,838,961	$-31,263

VEYO CULINARY WATER ASSOCIATION