THREE LAKES WATER ASSOCIATION (EIN 910790366) - 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

1963

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

THREE LAKES WATER ASSOCIATION, founded in 1963, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Net assets of $4.1M represent 47 months of operating reserves.

Mission

TO PROTECT THE HEALTH OF THE PUBLIC BY ENSURING SAFE AND RELIABLE DRINKING WATER AT THE LOWEST POSSIBLE COST TO THE MEMBERSHIP IN A RESPONSIBLE MANNER.

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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 $1,035,587

Investment Income $7,335

Other Revenue $0

TOTAL REVENUE $1,042,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $457,100

Fundraising Expenses $0

Other Expenses $618,511

TOTAL EXPENSES $1,075,611

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,042,922	$1,025,482	+0.0%
Expenses	$1,075,611	$971,715	+0.1%
Net Income	$-32,689	$53,767	-1.6%

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

$143,828

Total Directors

$143,828

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD KEMMIS	GENERAL MANAGER AND TREASURER	40.00	Officer Director	$143,828	$0	$143,828
YVONNE CRAIG	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI MANN	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND COX	DIRECTOR	1.00	Director	$0	$0	$0
MAREK JEDRZEJEWICZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
TERRA NICOLLE	SECRETARY	1.00	Officer Director	$0	$0	$0
TYLER ESHLEMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAY KLICKER	DIRECTOR	1.00	Officer 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
2025	No data	No data	No data	No data
2024	$1,042,922	$1,075,611	$5,639,298	$-32,689
2023	$1,025,482	$971,715	$4,584,579	$53,767
2022	$903,935	$906,307	$4,565,985	$-2,372
2021	$823,639	$783,927	$4,594,604	$39,712
2020	$837,583	$765,018	$4,604,630	$72,565
2019	$820,857	$766,933	$4,477,037	$53,924

THREE LAKES WATER ASSOCIATION