Lake Elizabeth Mutual Water Company (EIN 952387166) - 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

1947

Legal Domicile

Principal Officer

Ray Chatterson

Phone

6617241806

Tax Period

2024-05-01 to 2025-04-30

Lake Elizabeth Mutual Water Company, founded in 1947, is a small nonprofit that reported $974K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $860K left a modest 12% surplus.

Mission

To provide water services to the mutual water 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 $966,601

Investment Income $7,596

Other Revenue $0

TOTAL REVENUE $974,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $384,253

Fundraising Expenses $0

Other Expenses $475,916

TOTAL EXPENSES $860,169

Year-over-Year Comparison

	2024	2023	Change
Revenue	$974,197	$850,358	+0.1%
Expenses	$860,169	$774,645	+0.1%
Net Income	$114,028	$75,713	+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

$103,328

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ray Chatterson	General Manager	40.00	Officer	$103,328	$0	$103,328
Thomas Guy	Treasurer	0.25	Officer Director	$0	$0	$0
Raymond Moreau	Vice President	0.25	Officer Director	$0	$0	$0
Randy Browning	Secretary	0.25	Officer Director	$0	$0	$0
Tim Zongker	President	0.25	Officer Director	$0	$0	$0
William Cook	Director	0.25	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	$974,197	$860,169	$702,597	$114,028
2024	$850,358	$774,645	$582,953	$75,713
2023	$919,475	$824,801	$507,718	$94,674
2022	$819,411	$898,800	$408,268	$-79,389
2021	$881,925	$797,523	$495,629	$84,402
2020	$747,451	$755,008	$394,440	$-7,557
2019	$523,068	$730,313	$413,839	$-207,245

Lake Elizabeth Mutual Water Company