SEVEN LAKES WATER ASSOC (EIN 910829530) - 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

1967

Legal Domicile

Phone

3606528192

Tax Period

2023-09-01 to 2024-08-31

SEVEN LAKES WATER ASSOC, founded in 1967, is a community nonprofit in the Public & Societal Benefit sector that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.1M left a modest 5% surplus.

Mission

To Provide water to Rural Areas

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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 $1,116,792

Investment Income $49,177

Other Revenue $0

TOTAL REVENUE $1,165,969

Expense Breakdown

Grants Paid $0

Salaries & Benefits $446,702

Fundraising Expenses $0

Program Expenses $862,578

Other Expenses $663,717

TOTAL EXPENSES $1,110,419

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,165,969	$1,156,569	+0.0%
Expenses	$1,110,419	$973,319	+0.1%
Net Income	$55,550	$183,250	-0.7%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Keith Krueger	President	0.25	Officer Director	$0	$0	$0
Leslie Magnuson	Vice President	0.25	Officer Director	$0	$0	$0
Laura Leuze	Treasurer	0.25	Officer Director	$0	$0	$0
JULIE DAVID	Secretary	0.25	Officer Director	$0	$0	$0
Mike Haney	Trustee	0.25	Director	$0	$0	$0
Eric Starup	Trustee	0.25	Director	$0	$0	$0
CHARLIE COX	Trustee	0.25	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	$1,165,969	$1,110,419	$7,470,710	$55,550
2023	$1,156,569	$973,319	$7,382,113	$183,250
2022	$984,716	$940,216	$7,205,671	$44,500
2021	$1,087,040	$901,211	$7,095,083	$185,829
2020	$1,084,274	$819,532	$7,335,159	$264,742
2019	$1,230,139	$738,130	$7,127,025	$492,009
2018	$1,246,407	$669,159	$6,291,856	$577,248

SEVEN LAKES WATER ASSOC