Nice Mutual Water Company (EIN 941425016) - 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

1948

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Nice Mutual Water Company, founded in 1948, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $4.5M represent 44 months of operating reserves.

Mission

As a mutual benefit corporation, the entity provides water service to the residents of Nice, CA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,160,080

Investment Income $2,944

Other Revenue $80,574

TOTAL REVENUE $1,243,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $568,308

Fundraising Expenses $0

Other Expenses $644,928

TOTAL EXPENSES $1,213,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,243,598	$1,130,500	+0.1%
Expenses	$1,213,236	$1,237,281	0.0%
Net Income	$30,362	$-106,781	-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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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

$148,557

Total Directors

$11,319

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Fultz	General Manager	40.00	Officer	$118,571	$25,135	$143,706
Irenia Quitiquit	Director	1.00	Director	$1,617	$0	$1,617
Regan Juarigue	Director	1.00	Director	$1,617	$0	$1,617
Sheri L Enus	Secretary	1.00	Director	$1,617	$0	$1,617
Mary E Jaimes	Director	1.00	Director	$1,617	$0	$1,617
Herman Knevelbaard	Vice-President	1.00	Officer Director	$1,617	$0	$1,617
Louise Garrison	Treasurer	1.00	Officer Director	$1,617	$0	$1,617
Donald P Gatton	President	1.00	Officer Director	$1,617	$0	$1,617

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
2024	No data	No data	No data	No data
2023	$1,243,598	$1,213,236	$5,278,607	$30,362
2022	$1,130,500	$1,237,281	$5,289,054	$-106,781
2021	$1,183,804	$1,104,523	$5,638,110	$79,281
2020	$1,650,379	$1,005,329	$5,662,120	$645,050
2019	$1,167,166	$987,270	$5,020,356	$179,896
2018	$1,029,907	$952,617	$4,882,459	$77,290

Nice Mutual Water Company