MERIDIAN FARMS WATER COMPANY (EIN 940676265) - 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

1926

Legal Domicile

Phone

5306962456

Tax Period

2023-11-01 to 2024-10-31

MERIDIAN FARMS WATER COMPANY, founded in 1926, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2023. The organization ran a surplus of $2.4M, a strong 53% operating margin.

Mission

THE COMPANY'S MISSION IS TO PROVIDE WATER FOR LOCAL FARMING OPEERATIONS AND MAKE PEOPLE AWARE OF THE WATER RESORCES AND THEIR VALUE TO THE COMMUNITY

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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 $2,643,660

Program Service Revenue $1,755,080

Investment Income $1,241

Other Revenue $94,588

TOTAL REVENUE $4,494,569

Expense Breakdown

Grants Paid $0

Salaries & Benefits $346,728

Fundraising Expenses $0

Program Expenses $1,917,021

Other Expenses $1,766,361

TOTAL EXPENSES $2,113,089

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,494,569	N/A	N/A
Expenses	$2,113,089	$293,488	+6.2%
Net Income	$2,381,480	$-293,488	-9.1%

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

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

$1,625

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE CHESNI	SECRETARY TREAS	5.00	Director	$300	$0	$300
MARK MORONI	Director	5.00	Director	$300	$0	$300
BRIAN FEDORA	Director	10.00	Director	$275	$0	$275
BRIAN PARK	President	5.00	Director	$250	$0	$250
CRAIG BRYANT	Director	5.00	Director	$225	$0	$225
VINCE ANDREOTTI	Director	5.00	Director	$150	$0	$150
DIRK ROHLEDER	Director	5.00	Director	$125	$0	$125

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	$4,494,569	$2,113,089	$9,533,027	$2,381,480
2023	$3,737,224	$2,117,560	$7,333,819	$1,619,664
2022	$1,589,456	$1,377,493	$5,736,523	$211,963
2018	$1,243,694	$1,467,230	$5,549,814	$-223,536

MERIDIAN FARMS WATER COMPANY