Mil Potrero Mutual Water Company (EIN 741686600) - 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

1971

Legal Domicile

Principal Officer

Kristofer Staidle

Phone

6612423230

Tax Period

2024-07-01 to 2025-06-30

Mil Potrero Mutual Water Company, founded in 1971, is a community nonprofit in the Mutual Benefit sector that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $1.7M left a modest 3% surplus.

Mission

The water company provides water services, at cost, to shareholders in the Mil Potrero area of San Emidio Mountains of Kern County.

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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 $1,717,846

Investment Income $24,992

Other Revenue $0

TOTAL REVENUE $1,742,838

Expense Breakdown

Grants Paid $0

Salaries & Benefits $641,961

Fundraising Expenses $0

Other Expenses $1,046,526

TOTAL EXPENSES $1,688,487

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,742,838	$2,233,993	-0.2%
Expenses	$1,688,487	$1,619,245	+0.0%
Net Income	$54,351	$614,748	-0.9%

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

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

$124,776

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James R Carruth	General Manager	40.00	Officer	$124,776	$0	$124,776
Kristofer Staidle	President	0.00	Officer	$0	$0	$0
William Black	Treasurer	0.00	Officer	$0	$0	$0
William Martin	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	$1,742,838	$1,688,487	$5,257,996	$54,351
2024	$2,233,993	$1,619,245	$4,698,362	$614,748
2023	$1,629,592	$1,622,007	$4,045,961	$7,585
2022	$1,610,491	$1,620,755	$4,033,045	$-10,264
2021	$1,602,649	$1,313,766	$4,047,832	$288,883
2020	$1,603,607	$1,313,081	$3,773,341	$290,526
2019	$1,604,758	$1,282,369	$3,415,269	$322,389
2018	$1,535,763	$1,098,026	$3,078,259	$437,737

Mil Potrero Mutual Water Company