BOISTFORT VALLEY WATER (EIN 910897348) - 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

1966

Legal Domicile

Principal Officer

MILLAM ERIC

Phone

3607481285

Tax Period

2023-01-01 to 2023-12-31

BOISTFORT VALLEY WATER, founded in 1966, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $209K, a strong 15% operating margin.

Mission

TO PROVIDE WATER UTILITY SERVICES TO MEMBERS WITHIN THE BOISTFORT VALLEY WATER SYSTEM GEOGRAPHICAL 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 $1,327,712

Investment Income $50,471

Other Revenue $0

TOTAL REVENUE $1,378,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $431,638

Fundraising Expenses $0

Program Expenses $1,169,252

Other Expenses $737,614

TOTAL EXPENSES $1,169,252

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,378,183	$1,263,907	+0.1%
Expenses	$1,169,252	$1,155,392	+0.0%
Net Income	$208,931	$108,515	+0.9%

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

$96,361

Total Directors

$2,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DUSTY GUENTHER	GENERAL MANA	40.00	Officer	$96,361	$0	$96,361
DANIEL THOMAS	DIRECTOR	1.00	Director	$2,500	$0	$2,500
M PENNY ABNET	DIRECTOR	1.00	Director	$0	$0	$0
DAVIS ARNY	SECRETARY	1.00	Officer Director	$0	$0	$0
SEAN BRATTAIN	DIRECTOR	1.00	Director	$0	$0	$0
PAT CARLSON	TREASURER	1.00	Officer Director	$0	$0	$0
MILLAM ERIC	PRESIDENT	1.00	Officer Director	$0	$0	$0
TAUSCH RICHARD	VICE PRESIDE	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
2024	No data	No data	No data	No data
2023	$1,378,183	$1,169,252	$8,784,477	$208,931
2022	$1,263,907	$1,155,392	$7,400,629	$108,515
2021	$1,289,798	$1,126,975	$7,241,906	$162,823
2020	$1,510,516	$1,426,241	$6,881,363	$84,275
2019	$1,090,856	$1,110,424	$6,856,191	$-19,568
2018	$982,288	$999,632	$6,990,670	$-17,344

BOISTFORT VALLEY WATER