GARFIELD MUTUAL DOMESTIC WATER CONSUMERS AND SEWAGE WORKS ASSOC (EIN 850208323) - 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

1968

Legal Domicile

Principal Officer

RONALD GARAY

Phone

5752674090

Tax Period

2024-07-01 to 2025-06-30

GARFIELD MUTUAL DOMESTIC WATER CONSUMERS AND SEWAGE WORKS ASSOC, founded in 1968, is a small nonprofit that reported $946K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $866K left a modest 8% surplus.

Mission

PROTECTING THE HEALTH AND WELFARE OF THE MEMBERS OF THE ASSOCIATION BY PROVIDING SAFE DRINKING WATER.

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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 $246,067

Program Service Revenue $687,762

Investment Income $11,920

Other Revenue $0

TOTAL REVENUE $945,749

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,856

Fundraising Expenses $0

Other Expenses $629,189

TOTAL EXPENSES $866,045

Year-over-Year Comparison

	2024	2023	Change
Revenue	$945,749	$1,576,408	-0.4%
Expenses	$866,045	$785,100	+0.1%
Net Income	$79,704	$791,308	-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

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
ISIDRO ALVAREZ	DIRECTOR	N/A	Director	$0	$0	$0
RONALD GARAY	PRESIDENT	N/A	Officer Director	$0	$0	$0
ERROL GONZALES	DIRECTOR	N/A	Director	$0	$0	$0
DAVID HOLGUIN	V/P & DIREC	N/A	Director	$0	$0	$0
ROBERT SHANNON	DIRECTOR	N/A	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	$945,749	$866,045	$11,509,200	$79,704
2024	$1,576,408	$785,100	$11,459,520	$791,308
2023	$689,600	$722,269	$10,752,143	$-32,669
2022	$712,254	$644,563	$10,907,683	$67,691
2021	$1,548,863	$693,793	$10,958,340	$855,070
2020	$5,044,864	$624,830	$10,240,607	$4,420,034
2019	$1,411,483	$561,240	$5,930,041	$850,243

GARFIELD MUTUAL DOMESTIC WATER CONSUMERS AND SEWAGE WORKS ASSOC