FRUITLAND MUTUAL WATER COMPANY (EIN 910536841) - 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

1945

Legal Domicile

Principal Officer

TED HARDIMAN

Phone

2538485519

Tax Period

2025-01-01 to 2025-12-31

FRUITLAND MUTUAL WATER COMPANY, founded in 1945, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2025. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $1.5M, a strong 30% operating margin.

Mission

TO PROVIDE WATER SERVICE TO MEMBERS IN THE SOUTH HILL AREA OF PIERCE COUNTY, WASHINGTON.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,559,702

Investment Income $379,217

Other Revenue $9,000

TOTAL REVENUE $4,947,919

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,167,471

Fundraising Expenses $0

Other Expenses $2,294,430

TOTAL EXPENSES $3,461,901

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,947,919	$5,224,214	-0.1%
Expenses	$3,461,901	$3,679,464	-0.1%
Net Income	$1,486,018	$1,544,750	0.0%

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

$234,546

Total Directors

$27,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT DUDA	PRESIDENT	1.00	Officer Director	$9,900	$0	$9,900
MARK FICCA	DIRECTOR	1.00	Director	$4,300	$0	$4,300
KRISTINA PARKER	DIRECTOR	1.00	Director	$3,850	$0	$3,850
KELLY PUGH	SECRETARY/TREASURER	1.00	Officer Director	$4,600	$0	$4,600
JEFF BINGAMAN	VICE PRESIDENT	1.00	Officer Director	$5,150	$0	$5,150
CARY CAMPEN	DIRECTOR	1.00	Director	$0	$0	$0
GARY T HARDIMAN	GENERAL MANAGER	40.00	Officer	$187,193	$27,703	$214,896
BENJAMIN C AMES	EMPLOYEE	40.00	Highest	$106,746	$21,353	$128,099
ASHLYNNE E GLASSMAN	EMPLOYEE	40.00	Highest	$107,696	$20,627	$128,323
EDWARD JIDAS	EMPLOYEE	40.00	Highest	$108,034	$21,357	$129,391

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	$4,947,919	$3,461,901	$44,189,334	$1,486,018
2024	$5,224,214	$3,679,464	$40,661,189	$1,544,750
2023	$4,481,165	$3,740,643	$38,486,013	$740,522
2022	$3,909,523	$2,811,682	$37,141,134	$1,097,841
2021	$3,886,816	$2,876,027	$35,855,233	$1,010,789
2020	$3,925,779	$2,872,936	$34,568,924	$1,052,843
2019	$3,827,004	$2,941,237	$32,966,720	$885,767
2018	$3,675,907	$2,573,432	$31,370,271	$1,102,475

FRUITLAND MUTUAL WATER COMPANY