TROUT GULCH MUTUAL WATER COMPANY

EIN: 261974635 Mutual Benefit

APTOS, CA

Total Revenue
$463,291
Total Expenses
$459,928
Total Assets
$2,604,276
Net Assets
$161,456
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
CA
Tax Period
2024-07-01 to 2025-06-30

TROUT GULCH MUTUAL WATER COMPANY, founded in 2007, is a small nonprofit in the Mutual Benefit sector that reported $463K in total revenue in fiscal year 2024.

Mission

THE COMPANY IS DEDICATED TO MANAGING WATER, A PRECIOUS RESOURCE, THROUGH PRODUCTION, STORAGE, AND DISTRIBUTION, IN THE SAFEST AND MOST COST EFFECTIVE MANNER POSSIBLE. THE BOARD OF DIRECTORS SHALL ASSURE GOOD STEWARDSHIP OF COMPANY OPERATIONS ENTRUSTED TO THEM BY ITS MEMBERS AND REMAIN TRANSPARENT WITH EACH AND EVERY ACTION AND ACTIVITY UNDERTAKEN. DECISIONS SAHLL REFLECT INTEGRITY AND FAIRNESS TO ALL MEMBERS SERVED.

Program Service Accomplishments

Program 1

THE ORGANIZATION SERVES THE PUBLIC WELFARE OF ALL RESIDENTS (NO BUSINESSES) WITHIN A SPECIFIED GEOGRAPHICAL SERVICE AREA IN APTOS, CALIFORNIA. TROUT GULCH WATER COMPANY'S ACTIVITY IS TO DELIVER...

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THE ORGANIZATION SERVES THE PUBLIC WELFARE OF ALL RESIDENTS (NO BUSINESSES) WITHIN A SPECIFIED GEOGRAPHICAL SERVICE AREA IN APTOS, CALIFORNIA. TROUT GULCH WATER COMPANY'S ACTIVITY IS TO DELIVER DOMESTIC DRINKING WATER TO ITS CURRENT 186 MEMBERS. THIS INCLUDES PUMPING WATER FROM UNDERGROUND WELLS, STORING IT, TESTING IT'S QUALITY, DISTRIBUTING IT VIA WATER MAINS AND DISTRIBUTION PIPES TO CUSTOMER RESIDENCES, MEASURING THE VOLUME OF WATER USED, AND BILLING AND COLLECTING FEES FROM CUSTOMERS. IN ADDITION, TESTING, MAINTENANCE, AND REPLACEMENT OF FACILITIES ARE CONDUCTED USING STANDARDS, ADVICE AND GUIDANCE PROVIDED BY THE US EPA, STATE OF CALIFORNIA, AND SANTA CRUZ COUNTY DEPARTMENT OF ENVIRONMENTAL QUALITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $36,045
Program Service Revenue $419,762
Investment Income $7,484
Other Revenue $0
TOTAL REVENUE $463,291

Expense Breakdown

Grants Paid $0
Salaries & Benefits $183,658
Fundraising Expenses $0
Other Expenses $276,270
TOTAL EXPENSES $459,928

Year-over-Year Comparison

2024 2023 Change
Revenue $463,291 $437,612 +0.1%
Expenses $459,928 $411,991 +0.1%
Net Income $3,363 $25,621 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
4
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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT SCHULTZ President 15.00
Officer Director
$0 $0 $0
FRANK BUSALACCHI Vice President 2.00
Officer Director
$0 $0 $0
MIKE VAN LIENDEN Secretary 3.00
Officer Director
$0 $0 $0
SHAWN MCGRADY Treasurer 3.00
Officer Director
$0 $0 $0
LARRY BIRNDORF Director 2.00
Director
$0 $0 $0
ANDY MCCLYMONT Director 2.00
Director
$0 $0 $0
GORDON CUMMING Director 3.00
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
2025 $463,291 $459,928 $2,604,276 $3,363
2024 $437,612 $411,991 $2,678,319 $25,621
2023 $400,281 $435,595 $2,676,861 $-35,314
2022 $357,460 $402,221 $2,759,038 $-44,761
2021 $383,475 $407,296 $2,848,664 $-23,821
2020 $376,933 $407,687 $2,919,455 $-30,754
2019 $415,439 $448,943 $2,821,190 $-33,504
2018 $409,384 $433,224 $2,415,985 $-23,840
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