Corcoran Irrigation Company (EIN 946067822) - 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

1960

Legal Domicile

Principal Officer

Mark Unruh

Phone

5599925011

Tax Period

2024-01-01 to 2024-12-31

Corcoran Irrigation Company, founded in 1960, is a small nonprofit that reported $165K in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Net assets of $522K represent 38 months of operating reserves.

Mission

THE COMPANY MANAGES MEMBERS' WATER IRRIGATION RIGHTS IN CENTRAL CALIFORNIA. MEMBERS ARE ASSESSED TO COVER ALL COSTS.

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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 $164,618

Investment Income $0

Other Revenue $0

TOTAL REVENUE $164,618

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $177,680

TOTAL EXPENSES $177,680

Year-over-Year Comparison

	2024	2023	Change
Revenue	$164,618	$316,083	-0.5%
Expenses	$177,680	$256,145	-0.3%
Net Income	$-13,062	$59,938	-1.2%

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

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	Role	Reportable Comp	Other Comp	Total
Devin Eagle	President	Officer Director	$0	$0	$0
Mark Unruh	Vice President	Officer Director	$0	$0	$0
Matt Gilkey	Director	Director	$0	$0	$0
Dominic Sween	Director	Director	$0	$0	$0
Misty Vasquez	Treasurer	Officer	$0	$0	$0
Misty Vasquez	Secretary	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	$164,618	$177,680	$522,432	$-13,062
2023	$316,083	$256,145	$535,794	$59,938
2022	$153,569	$149,631	$526,846	$3,938
2021	$147,328	$155,222	$531,833	$-7,894
2020	$281,710	$244,232	$529,512	$37,478
2019	$501,634	$377,492	$654,916	$124,142

Corcoran Irrigation Company