GRAN MUTUAL WATER COMPANY

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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

1965

Legal Domicile

Principal Officer

STEVE MORELAND

Phone

5308953919

Tax Period

2023-01-01 to 2023-12-31

GRAN MUTUAL WATER COMPANY, founded in 1965, is a small nonprofit in the Mutual Benefit sector that reported $207K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $42K, a strong 20% operating margin.

Mission

TO SUPPLY DRINKING WATER AND FIRE PROTECTION SERVICES TO ITS RESIDENTIAL USERS IN THE ROCKY BLUFFS, SKANSEN, AND SPANISH GARDENS AREAS NEAR CHICO, CA

Program Service Accomplishments

Program 1

PROVIDED DOMESTIC WATER SERVICES TO 102 LOT OWNERS AND TWO HOMEOWNERS ASSOCIATIONS

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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 $202,275

Investment Income $5,182

Other Revenue $0

TOTAL REVENUE $207,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $165,761

TOTAL EXPENSES $165,761

Year-over-Year Comparison

	2023	2022	Change
Revenue	$207,457	$157,536	+0.3%
Expenses	$165,761	$184,249	-0.1%
Net Income	$41,696	$-26,713	-2.6%

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

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
MALCOM MCDONALD	DIRECTOR	N/A	Director	$0	$0	$0
GARETH MUNOZ	DIRECTOR	N/A	Director	$0	$0	$0
STEVE MORELAND	PRESIDENT	N/A	Officer	$0	$0	$0
ERIC SNEDEKER	SECRETARY	N/A	Officer	$0	$0	$0
LOGAN WILSON	CFO	N/A	Officer	$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	No data	No data	No data	No data
2023	$207,457	$165,761	$1,145,840	$41,696
2022	$157,536	$184,249	$1,104,144	$-26,713
2021	$188,082	$242,501	$1,130,857	$-54,419
2020	$238,210	$210,915	$1,185,276	$27,295
2019	$189,052	$184,229	$1,157,981	$4,823
2018	$180,587	$163,930	$1,153,158	$16,657