LA WATER CO-OPERATIVE (EIN 930734928) - 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

1968

Legal Domicile

Principal Officer

DON WICKS

Phone

5036623899

Tax Period

2024-01-01 to 2024-12-31

LA WATER CO-OPERATIVE, founded in 1968, is a community nonprofit in the Public & Societal Benefit sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.2M left a modest 7% surplus.

Mission

DISTRIBUTION OF DOMESTIC WATER TO MEMBERS OF THE COOPERATIVE.

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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 $1,196,169

Investment Income $34,573

Other Revenue $43,124

TOTAL REVENUE $1,273,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $430,924

Fundraising Expenses $0

Other Expenses $753,930

TOTAL EXPENSES $1,184,854

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,273,866	$1,180,613	+0.1%
Expenses	$1,184,854	$990,774	+0.2%
Net Income	$89,012	$189,839	-0.5%

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

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
DON WICKS	PRESIDENT	4.00	Officer Director	$0	$0	$0
JOEL MULKEY	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
TERRY WYMORE	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DAVID MCADAMS	TREASURER	4.00	Officer Director	$0	$0	$0
LINDA FOUNTAIN	SECRETARY	6.00	Officer Director	$0	$0	$0
TOM GUNN	MEMBER	2.00	Director	$0	$0	$0
JOE KURAN	MEMBER	1.00	Director	$0	$0	$0
TED LEACH	MEMBER	2.00	Director	$0	$0	$0
AMBER MORGAN	MEMBER	2.00	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	$1,273,866	$1,184,854	$4,400,005	$89,012
2023	$1,180,613	$990,774	$4,335,145	$189,839
2022	$1,080,942	$860,514	$4,147,354	$220,428
2021	$1,167,026	$829,779	$3,964,724	$337,247
2020	$1,181,745	$797,809	$3,476,391	$383,936
2019	$1,059,001	$903,977	$3,092,422	$155,024
2018	$855,041	$886,714	$2,913,615	$-31,673

LA WATER CO-OPERATIVE