Lone Tree Mutual Water Company

EIN: 770268373

El Nido, CA

Total Revenue
$7,789,661
Total Expenses
$7,918,135
Total Assets
$11,956,573
Net Assets
$4,738,112
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
CA
Phone
2097223997
Tax Period
2025-01-01 to 2025-12-31

Lone Tree Mutual Water Company, founded in 1990, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2025.

Mission

The purpose of the corporation is for the development, sale, distribution, supply and delivery of water for irrigation purposes to its members within the lands of its service area. It is also organized to assist in providing surface and subsruface drainage to the lands described in the service area, to undertake or promote soil, water and drainage conservation activities upon those lands, and to acquire, preserve and administer contractual and appropriative rights for irrigation water, and to distribute water available under the riparian rights of members, including the improvement of the land, to supply water for irrigation purposes.

Program Service Accomplishments

Program 1
Expenses: $7,918,135 Revenue: $7,789,661

The corporation developed, sold, distributed, supplied, and delivered irrigation water to its members with irrigatable share-acres.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,689,014
Investment Income $28,037
Other Revenue $72,610
TOTAL REVENUE $7,789,661

Expense Breakdown

Grants Paid $0
Salaries & Benefits $646,677
Fundraising Expenses $0
Program Expenses $7,918,135
Other Expenses $7,271,458
TOTAL EXPENSES $7,918,135

Year-over-Year Comparison

2025 2024 Change
Revenue $7,789,661 $7,665,227 +0.0%
Expenses $7,918,135 $7,255,975 +0.1%
Net Income $-128,474 $409,252 -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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Governance

Voting Members
5
Independent Members
5
Employees
7
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
George Park Manager 40.00
$190,000 $0 $190,000
Richie Iest President 1.00
Officer Director
$0 $0 $0
Roy Catania Vice President 0.50
Officer Director
$0 $0 $0
Bryant Elkins Treasurer 0.50
Officer Director
$0 $0 $0
Mark Montage Secretary 0.50
Officer 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
2025 $7,789,661 $7,918,135 $11,956,573 $-128,474
2024 $7,665,227 $7,255,975 $13,647,545 $409,252
2023 $5,380,033 $5,787,010 $10,849,801 $-406,977
2022 $6,488,094 $6,236,193 $9,930,709 $251,901
2021 $5,694,903 $5,073,974 $7,991,525 $620,929
2020 $4,704,471 $4,404,600 $5,636,549 $299,871
2019 $3,861,872 $3,396,153 $4,901,152 $465,719
2018 $4,234,625 $4,047,651 $5,437,739 $186,974
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