Truckee Meadows Water Authority Po… - Form 990 Financial Data

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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

2007

Legal Domicile

Principal Officer

Matt Bowman

Phone

7758348076

Tax Period

2024-01-01 to 2024-12-31

Truckee Meadows Water Authority Post-Retirement Medical Plan & Trust, founded in 2007, is a community nonprofit in the Mutual Benefit sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 158% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 79% operating margin.

Mission

To ensure that eligible retiree participants have access to post employment group health and life insurance benefits, including medical, dental, vision, AD&D, and life insurance benefits when and if they need it pursuant to TMWA approved compensation policy.

Program Service Accomplishments

Program 1

Provide post-employment group health and life insurance including medical, dental, vision, AD&D, and life insurance benefits for approximately 71 eligible retiree participants and 140 active...

Provide post-employment group health and life insurance including medical, dental, vision, AD&D, and life insurance benefits for approximately 71 eligible retiree participants and 140 active employees of the plan sponsor that will be eligible in the future (not including dependents).

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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 $0

Investment Income $1,897,851

Other Revenue $0

TOTAL REVENUE $1,897,851

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $44,174

TOTAL EXPENSES $392,366

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,897,851	$736,056	+1.6%
Expenses	$392,366	$376,686	+0.0%
Net Income	$1,505,485	$359,370	+3.2%

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

N/A

Employees

N/A

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

$501,834

Total Directors

$1,042,858

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matt Bowman	Chairman	1.50	Officer Director	$0	$104,944	$319,492
Steve Enos	Vice Chairman	0.30	Officer Director	$0	$54,417	$182,342
Juan Esparza	Trustee (Until Feb 24)	0.30	Director	$0	$42,024	$126,195
Kelly McGlynn	Trustee (As of Feb 24)	0.30	Director	$0	$76,625	$225,089
Pete Pribyl	Trustee	0.30	Director	$0	$65,246	$189,740

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	$1,897,851	$392,366	$17,170,829	$1,505,485
2023	$736,056	$376,686	$15,571,270	$359,370
2022	$111,229	$391,629	$13,545,063	$-280,400
2021	$654,544	$403,336	$16,126,545	$251,208
2020	$908,437	$317,716	$14,113,239	$590,721
2019	$458,373	$340,067	$12,521,966	$118,306
2018	$482,923	$280,406	$10,366,292	$202,517

Truckee Meadows Water Authority Post-Retirement Medical Plan & Trust