HIGHLANDS WATER COMPANY

EIN: 940552103

CLEARLAKE, CA

Total Revenue
$3,272,393
Total Expenses
$3,109,456
Total Assets
$8,832,964
Net Assets
$8,655,358
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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
1925
Principal Officer
KATHRYN FITTS
Tax Period
2020-01-01 to 2020-12-31

HIGHLANDS WATER COMPANY, founded in 1925, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2020. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $3.1M left a modest 5% surplus.

Mission

PROVIDE WATER TO MEMBERS

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,225,288
Investment Income $47,105
Other Revenue $0
TOTAL REVENUE $3,272,393

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,159,595
Fundraising Expenses $0
Other Expenses $1,949,861
TOTAL EXPENSES $3,109,456

Year-over-Year Comparison

2020 2019 Change
Revenue $3,272,393 $2,642,980 +0.2%
Expenses $3,109,456 $2,878,204 +0.1%
Net Income $162,937 $-235,224 -1.7%
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

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Governance

Voting Members
5
Independent Members
5
Employees
11
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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK CAOTS SECRETARY 0.75
Officer Director
$0 $0 $0
JOHN ECKHARDY PRESIDENT 0.75
Officer Director
$0 $0 $0
KATHRYN FITTS TREASURER 0.75
Officer Director
$0 $0 $0
ROBERT KRAFT DIRECTOR 0.75
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
2020 $3,272,393 $3,109,456 $8,832,964 $162,937
2019 $2,642,980 $2,878,204 $8,693,346 $-235,224
2018 $2,404,583 $2,468,059 $9,019,221 $-63,476
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