WEST ALMANOR MUTUAL WATER COMPANY (EIN 942300982) - 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

1974

Legal Domicile

Principal Officer

DALE BORNHORST

Phone

5308160732

Tax Period

2024-01-01 to 2024-12-31

WEST ALMANOR MUTUAL WATER COMPANY, founded in 1974, is a small nonprofit that reported $481K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $167K, a strong 35% operating margin.

Mission

MAINTAIN WATER SYSTEM AND DELIVER POTABLE DOMESTIC WATER TO THE LOTS AND RESIDENCES OF 689 SHAREHOLDER MEMBERS. INCLUDES REQUIRED WATER LABORATORY TESTING, MAINTANENCE OF WELLS, PUMPING EQUIPMENT, WATER STORAGE TANKS, MAINLINES, VALVES AND LATERALS.

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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 $426,428

Investment Income $54,102

Other Revenue $0

TOTAL REVENUE $480,530

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $313,695

TOTAL EXPENSES $313,695

Year-over-Year Comparison

	2024	2023	Change
Revenue	$480,530	$417,340	+0.2%
Expenses	$313,695	$276,026	+0.1%
Net Income	$166,835	$141,314	+0.2%

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

N/A

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
DALE BORNHORST	PRESIDENT	N/A	Officer Director	$0	$0	$0
JULIE CANNON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DAVID N NISSIM	TREASURER	N/A	Officer Director	$0	$0	$0
JIM SMITH	SECRETARY	N/A	Officer Director	$0	$0	$0
MARK MADISON	DIRECTOR	N/A	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	$480,530	$313,695	$1,762,959	$166,835
2023	$417,340	$276,026	$1,596,124	$141,314
2022	$371,908	$301,437	$1,454,810	$70,471
2021	$383,676	$291,071	$1,384,339	$92,605
2020	$368,654	$238,794	$1,291,734	$129,860
2019	$314,211	$243,814	$1,161,874	$70,397
2018	$278,325	$213,334	$1,091,476	$64,991

WEST ALMANOR MUTUAL WATER COMPANY