MICHELE MUTUAL WATER CO (EIN 946110491) - 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

1956

Legal Domicile

Principal Officer

CATHY RECORD

Phone

7073640479

Tax Period

2024-01-01 to 2024-12-31

MICHELE MUTUAL WATER CO, founded in 1956, is a small nonprofit that reported $139K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $54K, a strong 39% operating margin.

Mission

PROVIDE WATER TO HOMES

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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 $120,458

Program Service Revenue $17,588

Investment Income $294

Other Revenue $460

TOTAL REVENUE $138,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $10,000

Program Expenses $84,366

Other Expenses $84,366

TOTAL EXPENSES $84,366

Year-over-Year Comparison

	2024	2023	Change
Revenue	$138,800	$187,039	-0.3%
Expenses	$84,366	$47,578	+0.8%
Net Income	$54,434	$139,461	-0.6%

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
DAVID GURLEY	President	2.00	Officer Director	$0	$0	$0
GREG WILSON	Vice President	1.00	Officer Director	$0	$0	$0
KAYLA PATANE	Secretary	2.00	Officer Director	$0	$0	$0
CATHY RECORD	Treasurer	10.00	Officer Director	$0	$0	$0
STEPHEN BARTKOWSKI	Director	1.00	Director	$0	$0	$0
WENDY TROWBIRDGE	Director	1.00	Director	$0	$0	$0
SARI SCHELLINGER	Director	1.00	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	$138,800	$84,366	$1,001,358	$54,434
2023	$187,039	$47,578	$975,609	$139,461
2022	$85,549	$34,912	$950,618	$50,637
2019	$58,837	$38,887	$220,471	$19,950
2018	$58,032	$53,652	$200,521	$4,380

MICHELE MUTUAL WATER CO