ASOLEADO MUTUAL WATER COMPANY (EIN 942514066) - 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

1978

Legal Domicile

Principal Officer

RICHARD CHASTAIN

Tax Period

2023-01-01 to 2023-12-31

ASOLEADO MUTUAL WATER COMPANY, founded in 1978, is a small nonprofit that reported $114K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Net assets of $355K represent 37 months of operating reserves.

Mission

ASOLEADO MUTUAL WATER COMPANY IS A MUTUAL BENEFIT CORPORATION THAT OPERATES AND MAINTAINS A ROAD AND WATER SUPPLY SYSTEM FOR ITS 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $114,368

Investment Income $0

Other Revenue $0

TOTAL REVENUE $114,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $101,663

Other Expenses $111,733

TOTAL EXPENSES $111,733

Year-over-Year Comparison

	2023	2022	Change
Revenue	$114,368	$154,206	-0.3%
Expenses	$111,733	$82,652	+0.4%
Net Income	$2,635	$71,554	-1.0%

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

N/A

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
DARIUS SADEGHI	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINA BELLECI	DIRECTOR	2.00	Director	$0	$0	$0
ED ACREY	DIRECTOR	2.00	Director	$0	$0	$0
TONY SCARDINA	WATER MANAGER	5.00	Officer	$0	$0	$0
JOANIE LINARES	ASST SECRETARY	2.00	Officer	$0	$0	$0
RICHARD CHASTAIN	PRESIDENT	5.00	Officer	$0	$0	$0
BETH ACREY	ASST TREASURER	5.00	Officer	$0	$0	$0
PAM FINGER	SECRETARY	2.00	Officer	$0	$0	$0
LARRY COPPOTELLI	TREASURER	5.00	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
2023	$114,368	$111,733	$357,534	$2,635
2022	$154,206	$82,652	$353,449	$71,554
2021	$320,030	$418,842	$296,731	$-98,812
2020	$129,475	$131,201	$414,229	$-1,726

ASOLEADO MUTUAL WATER COMPANY