LAST CHANCE IRRIGATION CO INC (EIN 880069735) - 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

1943

Legal Domicile

Principal Officer

THOMAS GHIDOSSI

Phone

7753235224

Tax Period

2024-01-01 to 2024-12-31

LAST CHANCE IRRIGATION CO INC, founded in 1943, is a small nonprofit that reported $452K in total revenue in fiscal year 2024. Revenue surged 146% from the prior year, signaling strong growth momentum. The organization ran a surplus of $222K, a strong 49% operating margin.

Mission

MAINTENANCE OF IRRIGATION CANAL

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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 $428,977

Investment Income $22,721

Other Revenue $0

TOTAL REVENUE $451,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,695

Fundraising Expenses $0

Other Expenses $127,297

TOTAL EXPENSES $229,992

Year-over-Year Comparison

	2024	2023	Change
Revenue	$451,698	$183,526	+1.5%
Expenses	$229,992	$229,913	+0.0%
Net Income	$221,706	$-46,387	-5.8%

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

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

$35,300

Total Directors

$3,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC DALEN	DIRECTOR	0.25	Director	$0	$0	$0
ROBERT GINOCCHIO	DIRECTOR	0.25	Director	$0	$0	$0
PETE LAZETICH	DIRECTOR	0.25	Director	$0	$0	$0
THOMAS GHIDOSSI	PRESIDENT	2.00	Officer Director	$3,000	$0	$3,000
DANIEL LAZZARESCHI	DIRECTOR	0.25	Director	$0	$0	$0
RYAN GREENHALGH	DIRECTOR	0.25	Director	$0	$0	$0
TAMI WITTICH	SECRETARY	25.00	Officer	$32,300	$0	$32,300

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	$451,698	$229,992	$618,747	$221,706
2023	$183,526	$229,913	$396,401	$-46,387
2022	$389,329	$248,765	$442,673	$140,564
2021	$325,617	$228,799	$302,109	$96,818
2020	$275,018	$293,776	$205,291	$-18,758
2019	$277,466	$232,189	$225,509	$45,277
2018	$358,957	$290,328	$178,772	$68,629

LAST CHANCE IRRIGATION CO INC