HERMITAGE MUTUAL WATER COMPANY (EIN 510211092) - 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

1975

Legal Domicile

Phone

8056463421

Tax Period

2024-09-01 to 2025-08-31

HERMITAGE MUTUAL WATER COMPANY, founded in 1975, is a small nonprofit that reported $470K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

MUTUAL WATER SERVICE

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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 $469,794

Investment Income $0

Other Revenue $0

TOTAL REVENUE $469,794

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $448,720

Other Expenses $457,870

TOTAL EXPENSES $457,870

Year-over-Year Comparison

	2024	2023	Change
Revenue	$469,794	$382,924	+0.2%
Expenses	$457,870	$320,637	+0.4%
Net Income	$11,924	$62,287	-0.8%

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

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
J ROGER ESSICK	Director	5.00	Director	$0	$0	$0
GERBEN HOEKSMA	President	1.00	Officer	$0	$0	$0
GEORGE MELTON	Treasurer	0.50	Officer	$0	$0	$0
PEGGY MELTON	Secretary	0.00	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	$469,794	$457,870	$403,834	$11,924
2024	$382,924	$320,637	$367,776	$62,287
2023	$307,707	$383,939	$315,122	$-76,232
2023	$307,707	$383,939	$315,122	$-76,232
2022	$509,377	$502,808	$408,616	$6,569
2021	$517,585	$505,442	$389,192	$12,143
2020	$482,738	$380,354	$369,340	$102,384
2019	$365,100	$323,991	$254,130	$41,109

HERMITAGE MUTUAL WATER COMPANY