Phillips Tract Mutual Water Company (EIN 680335062) - 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

1994

Legal Domicile

Phone

9167425950

Tax Period

2021-01-01 to 2021-12-31

Phillips Tract Mutual Water Company, founded in 1994, is a micro nonprofit that reported $11K in total revenue in fiscal year 2021. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $18K exceeded revenue, resulting in a 60% operating deficit.

Mission

To provide clean, safe drinking water to the Phillips Tract subdivision inTwin Bridges California. The drinking water must meet all California and ElDorado County drinking water standards.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,476

Investment Income $0

Other Revenue $0

TOTAL REVENUE $11,476

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $18,347

TOTAL EXPENSES $18,347

Year-over-Year Comparison

	2021	2020	Change
Revenue	$11,476	$23,850	-0.5%
Expenses	$18,347	$17,470	+0.1%
Net Income	$-6,871	$6,380	-2.1%

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

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
Daniel D Ross	Treasurer	5.00	Officer Director	$0	$0	$0
Mathew D Evans	Board Member	2.00	Officer Director	$0	$0	$0
John Cook	Board Member	1.00	Director	$0	$0	$0
Charles Schoff	Board Member	1.00	Director	$0	$0	$0
Richard Sambucetti	Board Member	0.00	Director	$0	$0	$0
John Watters	Board Member	1.00	Director	$0	$0	$0
Dennis Haase	Board Member	1.00	Director	$0	$0	$0
Gary Gerwer	Board Member	1.00	Director	$0	$0	$0
Jeff Buchanon	Board Member	1.00	Director	$0	$0	$0
George Padovan	Board Member	1.00	Director	$0	$0	$0
Eric Raymond	Board Member	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
2021	$11,476	$18,347	$183,027	$-6,871
2020	$23,850	$17,470	$189,672	$6,380
2019	$23,625	$19,020	$183,294	$4,605
2018	$23,951	$14,114	$178,689	$9,837

Phillips Tract Mutual Water Company