TERRACE WATER COMPANY (EIN 951289760) - 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

1890

Legal Domicile

Phone

9098255224

Tax Period

2023-01-01 to 2023-12-31

TERRACE WATER COMPANY, founded in 1890, is a community nonprofit that reported $8.2M in total revenue in fiscal year 2023. Revenue surged 743% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.3M, a strong 90% operating margin.

Mission

TO PROVIDE WATER TO SHAREHOLDERS.

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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 $942,619

Investment Income $7,222,399

Other Revenue $0

TOTAL REVENUE $8,165,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $289,601

Fundraising Expenses $0

Program Expenses $816,458

Other Expenses $526,857

TOTAL EXPENSES $816,458

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,165,018	$969,097	+7.4%
Expenses	$816,458	$870,794	-0.1%
Net Income	$7,348,560	$98,303	+73.8%

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

$12,000

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YVETTE BYNUM	Secretary	2.00	Officer Director	$3,000	$0	$3,000
MIKE MURPHY	Vice President	2.00	Officer Director	$3,000	$0	$3,000
ABBY FLORES	Treasurer	2.00	Officer Director	$3,000	$0	$3,000
LAURA CORRAL-FLORES	President	2.00	Officer Director	$3,000	$0	$3,000
GENE MCCUTCHEN	MEMBER	2.00	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	No data	No data	No data	No data
2023	$8,165,018	$816,458	$10,929,236	$7,348,560
2022	$969,097	$870,794	$3,625,999	$98,303
2021	$844,923	$1,160,394	$3,543,838	$-315,471
2020	$772,164	$563,922	$3,853,219	$208,242
2019	$707,119	$491,696	$3,377,187	$215,423
2018	$772,058	$523,689	$3,192,802	$248,369

TERRACE WATER COMPANY