COASTLANDS MUTUAL WATER CO (EIN 946088296) - 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

1947

Legal Domicile

Principal Officer

DAN CLARK

Phone

8316672872

Tax Period

2024-01-01 to 2024-12-31

COASTLANDS MUTUAL WATER CO, founded in 1947, is a small nonprofit that reported $219K in total revenue in fiscal year 2024. Expenses of $250K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO FURNISH WATER TO ITS MEMBERS FOR DOMESTIC, IRRIGATION, AND OTHER USES.

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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 $210,051

Investment Income $8,683

Other Revenue $0

TOTAL REVENUE $218,734

Expense Breakdown

Grants Paid $3,600

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $97,628

Other Expenses $246,873

TOTAL EXPENSES $250,473

Year-over-Year Comparison

	2024	2023	Change
Revenue	$218,734	$212,121	+0.0%
Expenses	$250,473	$278,095	-0.1%
Net Income	$-31,739	$-65,974	-0.5%

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
KIRK GAFILL	PRESIDENT	10.00	Officer Director	$0	$0	$0
DAN CLARK	TREASURER	5.00	Officer Director	$0	$0	$0
MARSHA CRONINGER	SECRETARY	10.00	Officer Director	$0	$0	$0
KRISTINE DOWD	SECRETARY	10.00	Officer Director	$0	$0	$0
PATTE KRONLUND	SECRETARY	5.00	Officer Director	$0	$0	$0
CORINNE COLEN	DIRECTOR	3.00	Director	$0	$0	$0
NIGEL COPLEY	DIRECTOR	3.00	Director	$0	$0	$0
WILLIAM DOOLITTLE	DIRECTOR	3.00	Director	$0	$0	$0
PETER HEINEMANN	DIRECTOR	10.00	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
2024	$218,734	$250,473	$425,951	$-31,739
2023	$212,121	$278,095	$375,554	$-65,974

COASTLANDS MUTUAL WATER CO