LAYTON CANAL IRRIGATION COMPANY INC

EIN: 870389806

SYRACUSE, UT

Total Revenue
$683,274
Total Expenses
$726,635
Total Assets
$506,869
Net Assets
$506,869
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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
1987
Legal Domicile
UT
Principal Officer
MIKE MCBRIDE
Phone
8017251548
Tax Period
2023-01-01 to 2023-12-31

LAYTON CANAL IRRIGATION COMPANY INC, founded in 1987, is a small nonprofit that reported $683K in total revenue in fiscal year 2023. Revenue surged 102% from the prior year, signaling strong growth momentum.

Mission

PROVIDE WATER DISTRIBUTION RIGHTS FOR MEMBER'S IRRIGATION NEEDS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $679,545
Program Service Revenue $0
Investment Income $3,729
Other Revenue $0
TOTAL REVENUE $683,274

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $726,635
TOTAL EXPENSES $726,635

Year-over-Year Comparison

2023 2022 Change
Revenue $683,274 $338,909 +1.0%
Expenses $726,635 $317,603 +1.3%
Net Income $-43,361 $21,306 -3.0%
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

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Governance

Voting Members
5
Independent Members
52
Employees
N/A
Volunteers
5

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRANDON LAW VICE PRESIDE N/A
Officer
$0 $0 $0
MIKE MCBRIDE SECRETARY N/A
Officer
$0 $0 $0
BRAD MILLS PRESIDENT N/A
Officer
$0 $0 $0
ROBERT WHITELEY DIRECTOR N/A
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 No data No data No data No data
2023 $683,274 $726,635 $506,869 $-43,361
2022 $338,909 $317,603 $550,230 $21,306
2021 $258,691 $266,983 $528,924 $-8,292
2020 $286,846 $392,882 $272,304 $-106,036
2019 $224,501 $206,330 $378,340 $18,171
2018 $288,895 $139,737 $360,169 $149,158
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