Settlement Canyon Irrigation Company (EIN 870329208) - 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

1950

Legal Domicile

Principal Officer

Michael McCoy

Phone

4358339606

Tax Period

2024-11-01 to 2025-10-31

Settlement Canyon Irrigation Company, founded in 1950, is a small nonprofit that reported $559K in total revenue in fiscal year 2024. Revenue surged 98% from the prior year, signaling strong growth momentum. The organization ran a surplus of $238K, a strong 43% operating margin.

Mission

Mutual irrigation company providing secondary water to those who own water rights.

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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 $209,638

Program Service Revenue $344,642

Investment Income $2,878

Other Revenue $1,597

TOTAL REVENUE $558,755

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,957

Fundraising Expenses $0

Program Expenses $99,209

Other Expenses $276,961

TOTAL EXPENSES $320,918

Year-over-Year Comparison

	2024	2023	Change
Revenue	$558,755	$282,426	+1.0%
Expenses	$320,918	$243,247	+0.3%
Net Income	$237,837	$39,179	+5.1%

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

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 McCoy	Board Member	2.00	Officer	$0	$0	$0
Jeff Wyatt	Board Member	2.00	Officer	$0	$0	$0
Ned Bevan	Board Member	2.00	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
2025	$558,755	$320,918	$1,482,722	$237,837
2024	$282,426	$243,247	$1,289,081	$39,179
2023	$271,400	$211,440	$1,292,954	$59,960
2022	$390,735	$378,961	$1,275,238	$11,774
2021	$223,512	$222,595	$1,304,723	$917

Settlement Canyon Irrigation Company