SPRING LAKE WATER WORKS COMPANY (EIN 870463491) - 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

1930

Legal Domicile

Principal Officer

STEVE MOON

Phone

8014659565

Tax Period

2024-01-01 to 2024-12-31

SPRING LAKE WATER WORKS COMPANY, founded in 1930, is a micro nonprofit that reported $63K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $25K, a strong 40% operating margin.

Mission

MUTUAL WATER DELIVERY SYSTEM. CULINARY WATER DELIVERY, REPAIRS AND MAINTENANCE, CHLORINATION TO 130 CONNECTIONS.

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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 $0

Program Service Revenue $63,035

Investment Income $33

Other Revenue $0

TOTAL REVENUE $63,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,674

Fundraising Expenses $0

Program Expenses $34,893

Other Expenses $27,203

TOTAL EXPENSES $37,877

Year-over-Year Comparison

	2024	2023	Change
Revenue	$63,068	$44,802	+0.4%
Expenses	$37,877	$35,206	+0.1%
Net Income	$25,191	$9,596	+1.6%

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

$9,875

Total Directors

$9,875

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE MOON	PRESIDENT	N/A	Officer Director	$5,125	$0	$5,125
CHAUTEL MENLOVE	SECRETARY	N/A	Officer Director	$4,750	$0	$4,750
WM HARRISON	BOARD MEMBER	N/A	Director	$0	$0	$0
DAVE LEAVITT	BOARD MEMBER	N/A	Director	$0	$0	$0
GREG STANTON	BOARD MEMBER	N/A	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	$63,068	$37,877	$104,890	$25,191
2023	$44,802	$35,206	$79,699	$9,596
2022	$43,707	$44,658	$70,103	$-951
2021	$43,529	$56,498	$71,055	$-12,969
2020	$43,565	$41,581	$84,024	$1,984
2019	$42,215	$36,430	$82,040	$5,785
2018	$42,485	$51,346	$76,255	$-8,861

SPRING LAKE WATER WORKS COMPANY