Tulare Lake Canal Company (EIN 946103610) - 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

1914

Legal Domicile

Principal Officer

MARK UNRUH

Phone

5595824991

Tax Period

2023-07-01 to 2024-06-30

Tulare Lake Canal Company, founded in 1914, is a small nonprofit that reported $100K in total revenue in fiscal year 2023. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $354K exceeded revenue, resulting in a 253% operating deficit.

Mission

THE COMPANY MANAGES MEMBERS' WATER RIGHTS ON THE TULARE LAKE CANAL OF 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $94,947

Investment Income $11

Other Revenue $5,436

TOTAL REVENUE $100,394

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $354,142

Other Expenses $354,142

TOTAL EXPENSES $354,142

Year-over-Year Comparison

	2023	2022	Change
Revenue	$100,394	$706,256	-0.9%
Expenses	$354,142	$618,819	-0.4%
Net Income	$-253,748	$87,437	-3.9%

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
RODNEY SILVA	Director	Director	$0	$0	$0
MARK UNRUH	President	Officer Director	$0	$0	$0
ERIK HANSEN	Director	Director	$0	$0	$0
CARLO WILCOX	Director	Director	$0	$0	$0
DOMINIC SWEEN	Vice President	Officer Director	$0	$0	$0
MARTIN C GARCIA	Treasurer	Officer	$0	$0	$0
EVELYN BERNI	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
2025	No data	No data	No data	No data
2024	$100,394	$354,142	$652,980	$-253,748
2023	$706,256	$618,819	$749,950	$87,437
2022	$581,686	$640,279	$821,290	$-58,593
2021	$133,372	$207,751	$699,422	$-74,379
2020	$279,294	$201,267	$715,757	$78,027
2019	$129,136	$167,283	$641,493	$-38,147

Tulare Lake Canal Company