LAKE DITCH COMPANY (EIN 880067646) - 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

1937

Legal Domicile

Principal Officer

CHRIS BENNA

Phone

7758525921

Tax Period

2023-01-01 to 2023-12-31

LAKE DITCH COMPANY, founded in 1937, is a small nonprofit that reported $670K in total revenue in fiscal year 2023. Revenue surged 149% from the prior year, signaling strong growth momentum. Expenses of $576K left a modest 14% surplus.

Mission

IRRIGATION AND WATER DISTRIBUTION

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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 $669,764

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $669,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $183,157

Fundraising Expenses $0

Other Expenses $392,759

TOTAL EXPENSES $575,916

Year-over-Year Comparison

	2023	2022	Change
Revenue	$669,764	$268,806	+1.5%
Expenses	$575,916	$275,236	+1.1%
Net Income	$93,848	$-6,430	-15.6%

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

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

$30,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS BENNA	PRESIDENT	1.00	Officer	$0	$0	$0
DAVID M FINLEY	TREASURER	1.00	Officer	$0	$0	$0
JOANNE HILDAHL	SECRETARY	1.00	Officer	$0	$0	$0
MIKE BENJAMIN	DIRECTOR	1.00	Director	$0	$0	$0
NAOMI DUERR	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BENNA	DITCH MANAGER/DIRECTOR	40.00	Key Emp	$0	$0	$30,000
VICTORIA MYER	DIRECTOR	0.00	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	$669,764	$575,916	$626,713	$93,848
2022	$268,806	$275,236	$387,829	$-6,430
2021	$245,444	$220,997	$396,196	$24,447
2020	$272,478	$230,181	$369,136	$42,297
2019	$282,871	$276,332	$335,808	$6,539
2018	$250,669	$224,558	$329,689	$26,111

LAKE DITCH COMPANY