POSO CANAL COMPANY (EIN 940778730) - 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

Principal Officer

PAUL LIMA

Phone

2098261421

Tax Period

2024-01-01 to 2024-12-31

POSO CANAL COMPANY, founded in 1926, is a small nonprofit that reported $107K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $472K exceeded revenue, resulting in a 342% operating deficit.

Mission

PROVIDE DRAINAGE TO FARM LANDS IN THE DOS PALOS, CALIFORNIA AREA

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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 $106,686

Investment Income $0

Other Revenue $0

TOTAL REVENUE $106,686

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $472,004

Other Expenses $472,004

TOTAL EXPENSES $472,004

Year-over-Year Comparison

	2024	2023	Change
Revenue	$106,686	$97,692	+0.1%
Expenses	$472,004	$376,547	+0.3%
Net Income	$-365,318	$-278,855	+0.3%

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

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
PETER LECOMPTE	Secretary	1.00	Officer	$0	$0	$0
STEVE FAUSONE	President	1.00	Officer	$0	$0	$0
GARY MARTIN	Vice President	1.00	Officer	$0	$0	$0
PAUL LIMA	Treasurer	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
2024	$106,686	$472,004	$2,070,589	$-365,318
2023	$97,692	$376,547	$2,435,907	$-278,855
2022	$261,931	$314,065	$2,714,762	$-52,134
2021	$407,737	$295,218	$2,766,896	$112,519
2020	$381,317	$310,482	$2,653,927	$70,835

POSO CANAL COMPANY