HOLMES HARBOR WATER CO INC

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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

1964

Legal Domicile

Principal Officer

CYNTHIA KING

Phone

2066970138

Tax Period

2024-01-01 to 2024-12-31

HOLMES HARBOR WATER CO INC, founded in 1964, is a micro nonprofit that reported $60K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $161K exceeded revenue, resulting in a 169% operating deficit.

Mission

EXEMPT PURPOSE IS TO PROVIDE WATER SERVICE TO MEMBERSHIP

Program Service Accomplishments

Program 1

HOLMES HARBOR WATER COMPANY PROVIDES WATER SERVICE TO PATRONS AND COLLECTS ASSESSED DUES FOR 149 LOTS.

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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 $54,426

Investment Income $5,570

Other Revenue $0

TOTAL REVENUE $59,996

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $161,164

TOTAL EXPENSES $161,164

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,996	$79,560	-0.2%
Expenses	$161,164	$176,641	-0.1%
Net Income	$-101,168	$-97,081	+0.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT LOWDER	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON DUNN	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA KING	President	4.00	Officer	$0	$0	$0
DAVID PAULL	Vice President	1.00	Officer	$0	$0	$0
NANCY SHARP	Treasurer	1.00	Officer	$0	$0	$0
RICK WACLAWIK	Secretary	1.00	Officer	$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	$59,996	$161,164	$1,133,643	$-101,168
2023	$79,560	$176,641	$1,248,370	$-97,081
2022	$158,010	$204,375	$1,358,661	$-46,365
2021	$376,157	$173,809	$1,417,896	$202,348
2020	$158,010	$171,240	$1,228,087	$-13,230
2019	$1,220,773	$959,847	$1,277,930	$260,926
2019	$1,220,773	$959,847	$1,277,930	$260,926