Summit Water Distribution Company (EIN 942682660) - 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

Legal Domicile

Phone

4356497324

Tax Period

2024-01-01 to 2024-12-31

Summit Water Distribution Company is a mid-sized nonprofit that reported $10.1M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 24% operating margin.

Mission

To provide irrigation and culinary water to the members of the water distribution system.

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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 $10,047,771

Investment Income $83,673

Other Revenue $0

TOTAL REVENUE $10,131,444

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,295,779

Fundraising Expenses $0

Other Expenses $6,421,290

TOTAL EXPENSES $7,717,069

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,131,444	$7,426,364	+0.4%
Expenses	$7,717,069	$7,069,935	+0.1%
Net Income	$2,414,375	$356,429	+5.8%

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

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

$30,000

Total Directors

$254,427

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dale Cheney	President & CEO	40.00	Director	$164,427	$0	$164,427
Elliot Christensen	Director	0.00	Director	$30,000	$0	$30,000
Stuart Knowles	Secretary	0.00	Officer Director	$30,000	$0	$30,000
Kathleen Venemon	Director	0.00	Director	$30,000	$0	$30,000
Kathleen Venemon	Director	0.00	Director	$0	$0	$0
Dale Cheney	President	40.00		$0	$0	$0
Michael Folkman	Asst general mgr	40.00		$0	$0	$0
Ashley Worthen	Finance mgr	40.00		$0	$0	$0
Laramie Simmons	supervisor	40.00		$0	$0	$0
Matt Crittenden	System manage	40.00		$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	$10,131,444	$7,717,069	$17,135,451	$2,414,375
2023	$7,426,364	$7,069,935	$14,838,518	$356,429
2022	$6,688,810	$7,488,373	$14,482,685	$-799,563
2021	$6,703,957	$7,691,773	$15,374,227	$-987,816
2020	$6,493,535	$8,241,693	$16,430,893	$-1,748,158
2019	$6,264,073	$6,388,651	$18,422,705	$-124,578
2018	$6,833,971	$5,706,619	$18,507,469	$1,127,352

Summit Water Distribution Company