LAND PROJECTS MUTUAL WATER COMPANY (EIN 951838615) - 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

1948

Legal Domicile

Principal Officer

BRUCE BAKER

Phone

6619482550

Tax Period

2024-01-01 to 2024-12-31

LAND PROJECTS MUTUAL WATER COMPANY, founded in 1948, is a small nonprofit that reported $695K in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $603K left a modest 13% surplus.

Mission

TO PROVIDE WATER SERVICE TO THE COMPANY'S 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $686,792

Investment Income $7,778

Other Revenue $0

TOTAL REVENUE $694,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $209,379

Fundraising Expenses $0

Other Expenses $393,827

TOTAL EXPENSES $603,206

Year-over-Year Comparison

	2024	2023	Change
Revenue	$694,570	$457,708	+0.5%
Expenses	$603,206	$620,790	0.0%
Net Income	$91,364	$-163,082	-1.6%

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

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

$2,025

Total Directors

$3,375

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE BAKER	Treasurer	1.00	Officer Director	$675	$0	$675
GARY CARLSTON	Vice President	1.00	Officer Director	$675	$0	$675
DEBBIE BOYD	Secretary	1.00	Officer Director	$675	$0	$675
ALLEN HANES	Treasurer	1.00	Director	$675	$0	$675
VICTOR MENDES	Director	1.00	Director	$675	$0	$675

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	$694,570	$603,206	$3,203,667	$91,364
2023	$457,708	$619,211	$2,599,115	$-161,503
2022	$423,141	$471,685	$2,758,246	$-48,544
2021	$464,167	$466,860	$2,809,212	$-2,693
2020	$426,177	$418,034	$2,859,910	$8,143
2019	$436,647	$402,899	$2,785,058	$33,748
2018	$427,657	$453,689	$2,766,122	$-26,032

LAND PROJECTS MUTUAL WATER COMPANY