MOULTON NIGUEL WATER DISTRICT FACI… - Form 990 Financial Data

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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

1993

Legal Domicile

Principal Officer

MATT COLLINGS

Phone

9494484032

Tax Period

2024-07-01 to 2025-06-30

MOULTON NIGUEL WATER DISTRICT FACILITIES CORPORATION, founded in 1993, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum.

Mission

THE CORPORATION'S MISSION IS TO RENDER FINANCIAL ASSISTANCE TO MOULTON NIGUEL WATER DISTRICT (THE "DISTRICT"), A CALIFORNIA WATER DISTRICT ORGANIZED AND EXISTING UNDER SECTION 34000 ET SEQ. OF THE CALIFORNIA WATER CODE, BY FINANCING, REFINANCING, ACQUIRING, CONSTRUCTING, IMPROVING, LEASING AND SELLING BUILDINGS, BUILDING IMPROVEMENTS, EQUIPMENT, WATER, SEWER AND RECLAIMED WATER FACILITIES, AND OTHER PUBLIC IMPROVEMENTS, LANDS, AND ANY OTHER REAL OR PERSONAL PROPERTY FOR THE BENEFIT OF THE DISTRICT AND PERSONS RESIDING THEREIN.

Program Service Accomplishments

Program 1

Expenses: $4,750,933 Revenue: $4,750,933

PURSUANT TO STATE LAW, THE ORGANIZATION'S FINANCING ABILITY IS LIMITED TO THE ISSUANCE OF CERTIFICATES OF PARTICIPATION OR SIMILAR SECURITY ARRANGEMENTS. DURING THE YEAR, THE ORGANIZATION HANDLED THE DEBT SERVICE FOR THE CERTIFICATE OF PARTICIPATION ISSUED BY MOULTON NIGUEL WATER DISTRICT.

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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 $4,750,933

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,750,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,750,933

Other Expenses $4,750,933

TOTAL EXPENSES $4,750,933

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,750,933	$3,329,676	+0.4%
Expenses	$4,750,933	$3,329,676	+0.4%
Net Income	$0	$0	N/A

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

$127,556

Total Directors

$396,650

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN S PROBOLSKY	PRESIDENT	0.50	Officer Director	$0	$35,854	$69,296
DUANE D CAVE	VICE PRESIDENT	0.50	Officer Director	$0	$24,077	$58,260
RICHARD S FIORE	DIRECTOR	0.50	Director	$0	$18,510	$48,414
DONALD R FROELICH	DIRECTOR	0.50	Director	$0	$22,571	$55,235
WILLIAM MOORHEAD	DIRECTOR	0.50	Director	$0	$25,157	$60,335
SHERRY WANNINGER	DIRECTOR	0.50	Director	$0	$22,887	$58,023
DIANE RIFKIN	DIRECTOR	0.50	Director	$0	$11,909	$47,087

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	$4,750,933	$4,750,933	$201,934,059	No data
2024	$3,329,676	$3,329,676	$123,220,809	No data
2023	$3,430,691	$3,430,691	$125,956,117	No data
2022	$2,821,170	$2,821,170	$128,658,260	No data
2021	$2,007,687	$2,007,687	$68,220,529	No data
2020	$1,882,014	$1,882,014	$69,281,923	No data
2019	$2,732,650	$2,732,650	No data	No data
2018	$4,108,024	$4,108,024	$61,366,325	No data

MOULTON NIGUEL WATER DISTRICT FACILITIES CORPORATION