PELGER MUTUAL WATER COMPANY (EIN 946129013) - 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

1965

Legal Domicile

Phone

5309088421

Tax Period

2024-12-01 to 2025-11-30

PELGER MUTUAL WATER COMPANY, founded in 1965, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 170% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 62% operating margin.

Mission

PERFORM ALL FUNCTIONS NEEDED TO JOINTLY SUPPLY WATER TO MEMBERS FOR CROP IRRIGATION INCLUDING MAINTAIN DITCHES, REPAIR PUMP EQUIPMENT AND DISTRIBUTE CONTRACT WATER.

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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 $1,650,529

Investment Income $40,866

Other Revenue $0

TOTAL REVENUE $1,691,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,770

Fundraising Expenses $0

Other Expenses $552,737

TOTAL EXPENSES $646,507

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,691,395	$626,275	+1.7%
Expenses	$646,507	$527,030	+0.2%
Net Income	$1,044,888	$99,245	+9.5%

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

$67,750

Total Directors

$67,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY DRIVER	Vice President	30.00	Officer Director	$67,750	$0	$67,750
ERIC SCHREINER	PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVEN HOFFART	SEC/TREASURER	2.00	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	$1,691,395	$646,507	$2,038,169	$1,044,888
2024	$626,275	$527,030	$897,926	$99,245
2023	$650,016	$624,560	$791,757	$25,456
2022	$1,360,467	$788,158	$1,049,783	$572,309
2021	$582,617	$542,100	$233,882	$40,517
2020	$367,916	$398,404	$207,002	$-30,488
2019	$314,611	$321,522	$183,349	$-6,911
2018	$308,743	$290,530	$190,260	$18,213

PELGER MUTUAL WATER COMPANY