CARMEL RIVIERA MUTUAL WATER COMPANY (EIN 941591020) - 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

1964

Legal Domicile

Principal Officer

RICHARD CAIN

Phone

8316569266

Tax Period

2024-01-01 to 2024-12-31

CARMEL RIVIERA MUTUAL WATER COMPANY, founded in 1964, is a small nonprofit that reported $730K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. Net assets of $1.5M represent 25 months of operating reserves.

Mission

PROVIDE DOMESTIC WATER, BY WAY OF STREAM DIVERSION, WELLS AND A TANK SYSTEM TO MEMBERS.

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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 $695,774

Investment Income $33,901

Other Revenue $0

TOTAL REVENUE $729,675

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $716,440

Other Expenses $716,440

TOTAL EXPENSES $716,440

Year-over-Year Comparison

	2024	2023	Change
Revenue	$729,675	$492,262	+0.5%
Expenses	$716,440	$545,084	+0.3%
Net Income	$13,235	$-52,822	-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

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
RICHARD CAIN	CHAIR	2.00	Officer Director	$0	$0	$0
GEORGE PYSOR	VICE CHAIR	5.00	Officer Director	$0	$0	$0
STEPHEN RYTER	TREASURER/SECRETARY	0.50	Officer Director	$0	$0	$0
TOM CAMPBELL	DIRECTOR	0.50	Director	$0	$0	$0
LARRY ODLE	DIRECTOR	0.25	Director	$0	$0	$0
KATHERINE WENGLIKOWSKI	DRIECTOR	0.25	Director	$0	$0	$0
SHARON BRANDFORD	DRIECTOR	0.25	Director	$0	$0	$0
STEVE MARTIN	DRIECTOR	0.25	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
2024	$729,675	$716,440	$1,732,286	$13,235
2023	$492,262	$545,084	$1,776,669	$-52,822
2022	$618,740	$526,751	$1,884,855	$91,989
2021	$591,266	$430,968	$1,846,174	$160,298
2020	$527,779	$468,143	$1,737,189	$59,636
2019	$473,829	$442,632	$1,726,785	$31,197
2018	$530,880	$368,719	$1,795,032	$162,161

CARMEL RIVIERA MUTUAL WATER COMPANY