Sundale Mutual Water Company

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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

1971

Legal Domicile

Principal Officer

Mike Ennis

Phone

6612563100

Tax Period

2022-01-01 to 2022-12-31

Sundale Mutual Water Company, founded in 1971, is a small nonprofit in the Mutual Benefit sector that reported $516K in total revenue in fiscal year 2022. Net assets of $3.5M represent 82 months of operating reserves.

Mission

WATER SUPPLY TO RESIDENTS WHO ARE PROPERTY OWNERS OUTSIDE OF CITY LIMITS

Program Service Accomplishments

Program 1

Expenses: $492,258 Revenue: $515,512

WATER SUPPLY TO RESIDENTS WHO ARE PROPERTY OWNERS OUTSIDE OF CITY LIMITS

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $515,512

Investment Income $597

Other Revenue $0

TOTAL REVENUE $516,109

Expense Breakdown

Grants Paid $0

Salaries & Benefits $141,408

Fundraising Expenses $0

Program Expenses $492,258

Other Expenses $377,740

TOTAL EXPENSES $519,148

Year-over-Year Comparison

	2022	2021	Change
Revenue	$516,109	$500,545	+0.0%
Expenses	$519,148	$417,121	+0.2%
Net Income	$-3,039	$83,424	-1.0%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike Ennis	Treasurer	1.00	Officer Director	$0	$0	$0
Earl Adams	President	1.00	Officer Director	$0	$0	$0
John Goit	Vice President	1.00	Officer Director	$0	$0	$0
William Shattuck	Secretary	1.00	Officer Director	$0	$0	$0
Bruce Nelson	Officer	1.00	Officer Director	$0	$0	$0
Kurt Conklin	Officer	1.00	Officer Director	$0	$0	$0
Paul Bean	Officer	1.00	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
2022	$516,109	$519,148	$3,545,357	$-3,039
2021	$500,545	$417,121	$3,548,986	$83,424
2020	$445,376	$377,247	$3,472,940	$68,129
2019	$462,443	$450,422	$3,422,320	$12,021
2018	$483,212	$388,269	$3,392,736	$94,943