WILSHIRE HEIGHTS MUTUAL WATER COMPANY

EIN: 946083333

Santa Rosa, CA

Total Revenue
$223,940
Total Expenses
$54,254
Total Assets
$353,015
Net Assets
$342,340
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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
1959
Legal Domicile
CA
Principal Officer
Gail Fadenrecht
Phone
6026190390
Tax Period
2023-07-01 to 2024-06-30

WILSHIRE HEIGHTS MUTUAL WATER COMPANY, founded in 1959, is a small nonprofit that reported $224K in total revenue in fiscal year 2023. The organization ran a surplus of $170K, a strong 76% operating margin.

Mission

WHMWC distributes safe and inexpensive well water to 41 neighborhood shareholders in the Wilshire Heights subdivision. We seek to provide the lowest prices possible with very little contracted labor. We are a volunteer-run company with no salaried employees.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $223,634
Investment Income $306
Other Revenue $0
TOTAL REVENUE $223,940

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $53,284
Other Expenses $54,254
TOTAL EXPENSES $54,254

Year-over-Year Comparison

2023 2022 Change
Revenue $223,940 N/A N/A
Expenses $54,254 N/A N/A
Net Income $169,686 $0 N/A
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
15

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nick Hohler President 5
Officer Director
$0 $0 $0
Mike McGie Vice President 1
Officer Director
$0 $0 $0
Gail Fadenrecht Secretary/Treasurer 10
Officer 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 $223,940 $54,254 $353,015 $169,686
2022 $200,403 $120,620 $182,121 $79,783
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