PARKLAND LIGHT AND WATER COMPANY (EIN 910357190) - 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

1914

Legal Domicile

Principal Officer

SUSAN CUTRELL

Phone

2535315666

Tax Period

2023-01-01 to 2023-12-31

PARKLAND LIGHT AND WATER COMPANY, founded in 1914, is a mid-sized nonprofit that reported $16.3M in total revenue in fiscal year 2023. The organization ran a surplus of $4.0M, a strong 24% operating margin.

Mission

TO PROVIDE RELIABLE AND EFFICIENT SERVICE AT THE LOWEST COST.

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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 $0

Program Service Revenue $16,058,320

Investment Income $238,114

Other Revenue $51,022

TOTAL REVENUE $16,347,456

Expense Breakdown

Grants Paid $4,300

Salaries & Benefits $3,319,057

Fundraising Expenses $0

Other Expenses $9,047,041

TOTAL EXPENSES $12,370,398

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,347,456	$15,722,417	+0.0%
Expenses	$12,370,398	$12,601,272	0.0%
Net Income	$3,977,058	$3,121,145	+0.3%

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

$659,969

Total Directors

$66,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK MULDER	DIRECTOR, PRESIDENT	3.04	Officer Director	$13,200	$0	$13,200
GARY HAUENSTEIN	DIRECTOR, VICE PRESIDENT	4.12	Officer Director	$13,200	$0	$13,200
GARY GRAZZINI	DIRECTOR, SECRETARY	4.63	Officer Director	$13,200	$0	$13,200
JANET DETERING	DIRECTOR,TREASURER	4.35	Officer Director	$13,200	$0	$13,200
ELAINE WALTER	DIRECTOR, PUBLIC RELATIONS	5.19	Director	$13,200	$0	$13,200
SUSAN CUTRELL	GENERAL MANAGER	40.00	Officer	$240,592	$153,588	$394,180
ALEX ANDERSON	MANAGER OF FINANCE AND ADM	40.00	Officer	$163,680	$49,309	$212,989
DALE BUTCHER	ELECTRIC SUPERINTENDENT	40.00	Highest	$177,292	$126,299	$303,591
DALE BUDZINSKI	WATER SUPERINTENDENT	40.00	Highest	$176,838	$157,668	$334,506
MATTHEW CLINE	ELECTRIC FOREMAN	40.00	Highest	$169,459	$63,086	$232,545
SCOTT WYNN	ELECTRIC LINEMAN	40.00	Highest	$149,940	$36,204	$186,144
CURT THOMPSON	ELECTRIC LINEMAN	40.00	Highest	$151,864	$77,071	$228,935

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$16,347,456	$12,370,398	$49,827,747	$3,977,058
2022	$15,722,417	$12,601,272	$45,720,274	$3,121,145
2021	$15,177,864	$12,128,302	$42,709,754	$3,049,562
2020	$15,631,045	$12,010,599	$39,039,091	$3,620,446
2019	$14,966,048	$11,676,455	$35,234,221	$3,289,593
2018	$13,038,669	$11,350,690	$30,836,284	$1,687,979

PARKLAND LIGHT AND WATER COMPANY