COLUSA DRAIN 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

1988

Legal Domicile

Phone

5304584849

Tax Period

2024-01-01 to 2024-12-31

COLUSA DRAIN MUTUAL WATER COMPANY, founded in 1988, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $231K, a strong 20% operating margin.

Mission

COLUSA DRAIN MUTUAL WATER COMPANY IS A MUTUAL WATER COMPANY, PROVIDING AGRICULTURAL IRRIGATION TO ITS MEMBERS AT COST. THE COMPANY IS TAX EXEMPT FOR FEDERAL PURPOSES UNDER SECTION 501(c) 12.

Program Service Accomplishments

Program 1

Expenses: $854,165

IRRIGATION WATER PROVIDED TO MEMBERS AT COST.

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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 $1,137,430

Investment Income $17,881

Other Revenue $0

TOTAL REVENUE $1,155,311

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,287

Fundraising Expenses $0

Program Expenses $854,165

Other Expenses $890,488

TOTAL EXPENSES $924,775

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,155,311	$1,232,341	-0.1%
Expenses	$924,775	$1,096,537	-0.2%
Net Income	$230,536	$135,804	+0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY MASSA	Director	1.00	Director	$0	$0	$0
JIM WALLACE	Vice President	1.00	Director	$0	$0	$0
CHARLES MARSH	Director	1.00	Director	$0	$0	$0
DERRICK ASH	Director	1.00	Director	$0	$0	$0
FRANCIS HICKEL	Director	1.00	Director	$0	$0	$0
VINCENT ANDREOTTI	Director	1.00	Director	$0	$0	$0
LYNNEL POLLOCK	Director	1.00	Director	$0	$0	$0
RICK ROMINGER	Director	8.00	Director	$0	$0	$0
KYLE KNUTSON	ENGINEER	0.00	Director	$0	$0	$0
DOUG MCGEOGHEGAN	President	1.00	Director	$0	$0	$0
REBECCA SMITH	ATTORNEY	0.00	Director	$0	$0	$0
GARRETT SCHAAD	Director	1.00	Director	$0	$0	$0
WALT SEAVER	Director	1.00	Director	$0	$0	$0
BROOKE READING	Treasurer	24.00	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
2024	$1,155,311	$924,775	$1,046,578	$230,536
2023	$1,232,341	$1,096,537	$814,479	$135,804
2022	$230,311	$279,625	$724,972	$-49,314
2021	$396,155	$424,115	$728,212	$-27,960
2020	$547,039	$544,166	$755,863	$2,873
2019	$938,762	$858,242	$752,462	$80,520
2018	$739,416	$831,885	$671,943	$-92,469