FOREST LAKES MUTUAL WATER COMPANY (EIN 946104629) - 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

1925

Legal Domicile

Principal Officer

Pete Gonda

Phone

8313355774

Tax Period

2024-01-01 to 2024-12-31

FOREST LAKES MUTUAL WATER COMPANY, founded in 1925, is a small nonprofit that reported $931K in total revenue in fiscal year 2024. The organization ran a surplus of $158K, a strong 17% operating margin.

Mission

To provide water to resident members.

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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 $887,177

Investment Income $44,259

Other Revenue $0

TOTAL REVENUE $931,436

Expense Breakdown

Grants Paid $0

Salaries & Benefits $304,657

Fundraising Expenses $0

Program Expenses $655,631

Other Expenses $468,593

TOTAL EXPENSES $773,250

Year-over-Year Comparison

	2024	2023	Change
Revenue	$931,436	$950,807	0.0%
Expenses	$773,250	$649,507	+0.2%
Net Income	$158,186	$301,300	-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

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
Laurie Dennis	Treasurer	Officer Director	$0	$0	$0
Christopher Kelly	Vice President	Director	$0	$0	$0
Casey Linstrum	Director	Director	$0	$0	$0
Pete Gonda	President	Officer Director	$0	$0	$0
Winnie Baer	Secretary	Director	$0	$0	$0
Devon Pattillo	Director	Officer Director	$0	$0	$0
Matt Baptista	Director	Officer 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
2025	No data	No data	No data	No data
2024	$931,436	$773,250	$1,971,960	$158,186
2023	$950,807	$649,507	$1,868,648	$301,300
2022	$747,960	$611,560	$1,081,936	$136,400
2021	$713,186	$704,376	$965,621	$8,810
2020	$625,643	$665,029	$973,484	$-39,386
2019	$536,680	$640,376	$741,526	$-103,696
2018	$657,045	$564,195	$849,641	$92,850

FOREST LAKES MUTUAL WATER COMPANY