FARMINGTON WATER COMPANY (EIN 942668935) - 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

1963

Legal Domicile

Principal Officer

MARY ANNE STROJAN

Phone

2098865346

Tax Period

2023-01-01 to 2023-12-31

FARMINGTON WATER COMPANY, founded in 1963, is a small nonprofit in the Mutual Benefit sector that reported $101K in total revenue in fiscal year 2023. Expenses of $176K exceeded revenue, resulting in a 76% operating deficit.

Mission

TO PROVIDE WATER SERVICE 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 $0

Program Service Revenue $0

Investment Income $6,017

Other Revenue $94,515

TOTAL REVENUE $100,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $176,466

TOTAL EXPENSES $176,466

Year-over-Year Comparison

	2023	2022	Change
Revenue	$100,532	$103,148	0.0%
Expenses	$176,466	$182,803	0.0%
Net Income	$-75,934	$-79,655	0.0%

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
LINDA HARP	Vice President	2.00	Director	$0	$0	$0
BILL BLACKMORE	Director	1.00	Director	$0	$0	$0
MIKE CAMPOY	Director	1.00	Director	$0	$0	$0
RANDY SAKAKURA	Director	1.00	Director	$0	$0	$0
KEN CAMPOY	Director	5.00	Director	$0	$0	$0
KATE POWELL	Director	0.00	Director	$0	$0	$0
LES STROJAN	President	15.00	Officer	$0	$0	$0
MARY ANNE STROJAN	Treasurer	20.00	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	No data	No data	No data	No data
2023	$100,532	$176,466	$2,396,802	$-75,934
2022	$103,148	$182,803	$2,472,736	$-79,655
2021	$82,237	$158,795	$2,552,392	$-76,558
2020	$82,112	$152,618	$2,628,949	$-70,506
2019	$81,698	$151,457	$2,699,454	$-69,759
2018	$75,078	$153,279	$2,769,213	$-78,201

FARMINGTON WATER COMPANY