SUMMIT WATER & SUPPLY COMPANY (EIN 910430730) - 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

1923

Legal Domicile

Principal Officer

MIKE CRAIG

Phone

2535377781

Tax Period

2024-01-01 to 2024-12-31

SUMMIT WATER & SUPPLY COMPANY, founded in 1923, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $4.2M left a modest 13% surplus.

Mission

INSTALLS, MAINTAINS AND OPERATES A WATER SUPPLY SYSTEM FOR ITS MEMBERSHIP.

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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 $4,441,608

Investment Income $327,857

Other Revenue $0

TOTAL REVENUE $4,769,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,078,759

Fundraising Expenses $0

Other Expenses $3,094,401

TOTAL EXPENSES $4,173,160

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,769,465	$4,397,339	+0.1%
Expenses	$4,173,160	$4,158,553	+0.0%
Net Income	$596,305	$238,786	+1.5%

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

$207,203

Total Directors

$23,952

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG ARMSTRONG	PRESIDENT	1.25	Officer Director	$3,937	$0	$3,937
MIKE CRAIG	TREASURER	2.00	Officer Director	$4,620	$0	$4,620
GARY HOUSTON	TRUSTEE	1.25	Director	$3,905	$0	$3,905
ROBERT PIETZKE	TRUSTEE	1.25	Director	$3,520	$0	$3,520
CLAYTON POSEY	VICE PRESIDENT	1.25	Officer Director	$4,225	$0	$4,225
JEFFREY YTREEIDE	TRUSTEE	1.25	Director	$3,745	$0	$3,745
DARRYL SCOTT	SECRETARY	40.00	Officer	$173,503	$20,918	$194,421

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	$4,769,465	$4,173,160	$25,233,532	$596,305
2023	$4,397,339	$4,158,553	$24,598,728	$238,786
2022	$4,128,747	$3,963,038	$24,710,539	$165,709
2021	$4,066,163	$3,755,098	$24,289,731	$311,065
2020	$3,692,330	$3,642,496	$25,189,413	$49,834
2019	$3,710,657	$3,244,312	$25,226,562	$466,345
2018	$3,768,248	$3,129,980	$24,712,449	$638,268

SUMMIT WATER & SUPPLY COMPANY