CALIFORNIA ASSOCIATION OF MUTUAL W… - 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

2013

Legal Domicile

Principal Officer

LISA YAMASHITA-LOPEZ

Phone

7147094040

Tax Period

2023-01-01 to 2023-12-31

CALIFORNIA ASSOCIATION OF MUTUAL WATER COMPANIES, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $507K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $584K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE A UNIFYING VOICE FOR MUTUAL WATER COMPANIES IN CA TO ENSURE THEIR INTERESTS ARE REPRESENTED WITH RESPECT TO REGULATORY AND LEGISLATIVE ISSUES AND TO ASSIST SMALL WATER SYSTEMS.

Program Service Accomplishments

Program 1

CALMUTUALS WAS SUCCESSFUL IN LEGISLATIVE AND REGULATORY ADVOCACY TO ENSURE THAT THENEEDS AND CONCERNS OF SMALL SYSTEMS WERE CONSIDERED IN VARIOUS BILLS AND REGULATIONS

Program 2

THE ORGANIZATION PROVIDED ASSISTANCE TO ITS MEMBERS WITH VARIOUS OPERATIONAL ISSUES,INCLUDING, BUT NOT LIMITED TO, TECHNICAL CERFIFICATIONS AND TRAINING, FINANCIAL TOOLS, EMPLOYMENT-RELATED...

THE ORGANIZATION PROVIDED ASSISTANCE TO ITS MEMBERS WITH VARIOUS OPERATIONAL ISSUES,INCLUDING, BUT NOT LIMITED TO, TECHNICAL CERFIFICATIONS AND TRAINING, FINANCIAL TOOLS, EMPLOYMENT-RELATED BACKGROUND CHECKS AND BOARD MEMBER TRAINING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $213,425

Program Service Revenue $257,967

Investment Income $13,306

Other Revenue $22,394

TOTAL REVENUE $507,092

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $583,932

TOTAL EXPENSES $583,932

Year-over-Year Comparison

	2023	2022	Change
Revenue	$507,092	$722,616	-0.3%
Expenses	$583,932	$462,790	+0.3%
Net Income	$-76,840	$259,826	-1.3%

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
LISA YAMASHITA-LOPEZ	PRESIDENT	2.00	Director	$0	$0	$0
DAVID ARMSTRONG	VICE PRESIDENT	1.00	Director	$0	$0	$0
DAVID MICHALKO	SECRETARY	2.00	Director	$0	$0	$0
DOUG NUNNELEY	DIRECTOR	1.00	Director	$0	$0	$0
KOREY BRADBURY	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH TCHENG	DIRECTOR	1.00	Director	$0	$0	$0
STEVE LENTON	DIRECTOR	1.00	Director	$0	$0	$0
JAY ZUCCA	DIRECTOR	1.00	Director	$0	$0	$0
JOE DURAN	DIRECTOR	1.00	Director	$0	$0	$0
ADAN ORTEGA	EXECUTIVE DIRECTOR	5.00	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$507,092	$583,932	$643,300	$-76,840
2022	$722,616	$462,790	$719,890	$259,826
2021	$461,532	$380,483	$460,064	$81,049
2020	$342,232	$255,522	$379,015	$86,710
2019	$413,051	$306,699	$292,305	$106,352
2018	$274,505	$212,623	$185,953	$61,882

CALIFORNIA ASSOCIATION OF MUTUAL WATER COMPANIES