SKY LONDA MUTUAL WATER CO INC

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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

1931

Legal Domicile

Principal Officer

John Carnes

Phone

4084622039

Tax Period

2024-08-01 to 2025-07-31

Mission

PROVIDE CLEAN WATER SERVICES TO ITS CUSTOMERS SHAREHOLDERS. AT THE END OF FISCAL YEAR 2023 SKYLONDA MUTUAL WATER COMPANY SOLD ALL NON-FINANCIAL ASSETS FOR $1 TO CALIFORNIA WATER SERVICE COMPANY CAL WATER. WE CEASED DELIVERING WATER COLLECTING PAYMENTS AND LAID OFF OUR ONLY EMPLOYEE. WE EXIST AS A SHELL COMPANY UNTIL 2027 AS A CONDITION OF THE SALE.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

AT THE END OF FISCAL YEAR 2023 SKY LONDA MUTUAL WATER COMPANY SOLD ALL NON-FINANCIAL ASSETS FOR $1 TO CALIFORNIA WATER SERVICE COMPANY AND CEASED ALL WATER SERVICE OPERATIONS FOR OUR 157...

AT THE END OF FISCAL YEAR 2023 SKY LONDA MUTUAL WATER COMPANY SOLD ALL NON-FINANCIAL ASSETS FOR $1 TO CALIFORNIA WATER SERVICE COMPANY AND CEASED ALL WATER SERVICE OPERATIONS FOR OUR 157 SHAREHOLDERS. WE CEASED DELIVERING WATER AND COLLECTING PAYMENTS FOR WATER SERVICE. WE LAID OFF OUR ONLY EMPLOYEE. AS A CONDITION OF SALE WE ARE MAINTAINING OUR EXISTENCE AS A 501 C12 CORPORATION FOR 4 YEARS UNTIL AUGUST 2027 TO ASSIST AS NEEDED IN THE TRANSFER OF SERVICE TO CALIFORNIA WATER SERVICE COMPANY. WE WILL CONTINUE TO FOLLOW OUR BY-LAWS UNTIL WE CAN CLOSE THE CORPORATION IN AUGUST 2027.

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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 $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $28,140

TOTAL EXPENSES $28,140

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	$-33,080	-1.0%
Expenses	$28,140	$69,535	-0.6%
Net Income	N/A	$-102,615	N/A

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

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
JOHN CARNES	President	4.00	Officer Director	$0	$0	$0
SANDRA BACHMAN	Vice President	4.00	Officer Director	$0	$0	$0
JEFF BEAMAN	Treasurer	4.00	Officer Director	$0	$0	$0
SHEILA BRADY	Secretary	4.00	Officer Director	$0	$0	$0
RYAN HELMUTH	Director	2.00	Director	$0	$0	$0
DAVID SAVOCA	Director	2.00	Director	$0	$0	$0
JIM SMITH	Director	2.00	Director	$0	$0	$0
AURELIE DE LA BROISE	Director	2.00	Director	$0	$0	$0
JAIME KERR	Director	2.00	Director	$0	$0	$0
SERENA HANES	Director	2.00	Director	$0	$0	$0
DAN KARLSTEN	Director	2.00	Director	$0	$0	$0
ANDREA REID	Director	2.00	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
2025	No data	$28,140	$1,940	No data
2024	$-33,079	$69,535	$18,234	$-102,614
2023	$87,389	$122,761	$197,746	$-35,372
2022	$77,888	$112,907	$228,188	$-35,019
2021	$106,241	$106,841	$254,421	$-600
2018	$138,454	$124,312	$500,900	$14,142