HAPPY ACRES MUTUAL BENEFIT WATER S… - 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

1992

Legal Domicile

Principal Officer

TRACEY FLEMING

Phone

7077953453

Tax Period

2023-01-01 to 2023-12-31

HAPPY ACRES MUTUAL BENEFIT WATER SYSTEM C/O JOANNA CORONA, founded in 1992, is a small nonprofit that reported $114K in total revenue in fiscal year 2023. The organization ran a surplus of $23K, a strong 20% operating margin.

Mission

SUPPLY POTABLE WATER

Program Service Accomplishments

Program 1

HAPPY ACRES MUTUAL BENEFIT WATER SYSTEM WAS ESTABLISHED TO SUPPLY WATER TO THE OWNER OR OWNERS OF LOTS IN THE HAPPY ACRES SUBDIVISION AND ADJACENT LOTS IN THE COUNTY OF SONOMA, CA, AND TO THAT END TO OPERATE, REPAIR, AND MAINTAIN WELLS, PUMPS, AND WATER DISTRIBUTION SYSTEM OF THE SUBDIVISION, FOR THE MUTUAL BENEFIT OF ALL OWNERS OF LAND IN THE SUBDIVISION, AT ACTUAL COST, PLUS NECESSARY EXPENSES.

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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 $0

Program Service Revenue $113,650

Investment Income $608

Other Revenue $0

TOTAL REVENUE $114,258

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $91,265

TOTAL EXPENSES $91,265

Year-over-Year Comparison

	2023	2022	Change
Revenue	$114,258	$115,478	0.0%
Expenses	$91,265	$87,062	+0.0%
Net Income	$22,993	$28,416	-0.2%

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
MITCH MANN	PRESIDENT	1.00	Director	$0	$0	$0
TRACEY FLEMING	TREAUSURER & SECRETARY	10.00	Director	$0	$0	$0
KEVIN THOMPSON	VICE PRESIDENT	5.00	Director	$0	$0	$0
AL FERRANDO	DIRECTOR - CUSTOMER SERVIC	5.00	Director	$0	$0	$0
IAN SCHMUCKER	DIRECTOR - OPERATIONS	1.00	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
2024	No data	No data	No data	No data
2023	$114,258	$91,265	$995,826	$22,993
2022	$115,478	$87,062	$972,833	$28,416
2021	$112,942	$79,914	$944,417	$33,028
2020	$101,413	$116,670	$912,950	$-15,257
2019	$100,221	$77,316	$886,247	$22,905
2018	$89,439	$70,772	$864,877	$18,667

HAPPY ACRES MUTUAL BENEFIT WATER SYSTEM C/O JOANNA CORONA