Happy Acres Mutual Water Company (EIN 941654846) - 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

1965

Legal Domicile

Phone

4088486984

Tax Period

2024-05-01 to 2025-04-30

Happy Acres Mutual Water Company, founded in 1965, is a small nonprofit that reported $103K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $140K exceeded revenue, resulting in a 37% operating deficit.

Mission

Water Service

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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 $96,843

Investment Income $4,804

Other Revenue $889

TOTAL REVENUE $102,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $140,255

TOTAL EXPENSES $140,255

Year-over-Year Comparison

	2024	2023	Change
Revenue	$102,536	$81,416	+0.3%
Expenses	$140,255	$63,288	+1.2%
Net Income	$-37,719	$18,128	-3.1%

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

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
Dave Caserza	President	4.00	Director	$0	$0	$0
John Tepoorten	Vice President	1.00	Director	$0	$0	$0
Elaine Phillips	Treasurer	2.00	Director	$0	$0	$0
Rod Boles	Board Member	1.00	Director	$0	$0	$0
John Flaherty	Secretary	1.00	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
2025	$102,536	$140,255	$527,585	$-37,719
2024	$81,416	$63,288	$565,261	$18,128
2023	$90,445	$73,190	$547,133	$17,255
2022	$93,121	$81,617	$529,878	$11,504
2021	$95,943	$58,222	$518,374	$37,721

Happy Acres Mutual Water Company