ATASCADERO MUTUAL WATER COMPANY

EIN: 950510690

ATASCADERO, CA

Total Revenue
$14,705,421
Total Expenses
$12,496,651
Total Assets
$55,164,973
Net Assets
$53,665,798
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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
1913
Legal Domicile
CA
Principal Officer
JOHN NEIL
Phone
8054662428
Tax Period
2024-05-01 to 2025-04-30

ATASCADERO MUTUAL WATER COMPANY, founded in 1913, is a mid-sized nonprofit that reported $14.7M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.2M, a strong 15% operating margin.

Mission

THE COMPANY IS ORGANIZED AS A MUTUAL WATER COMPANY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $14,353,869
Investment Income $132,408
Other Revenue $219,144
TOTAL REVENUE $14,705,421

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,218,218
Fundraising Expenses $0
Other Expenses $9,278,433
TOTAL EXPENSES $12,496,651

Year-over-Year Comparison

2024 2023 Change
Revenue $14,705,421 $13,404,661 +0.1%
Expenses $12,496,651 $11,395,402 +0.1%
Net Income $2,208,770 $2,009,259 +0.1%
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
5
Independent Members
5
Employees
24
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
0
$0
Total Directors
8
$579,262
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEROY DAVIS DIRECTOR 5.00
Director
$6,000 $0 $6,000
JACKIE M LERNO PRESIDENT 5.00
Director
$6,000 $0 $6,000
ROBERT M JONES DIRECTOR 5.00
Director
$6,000 $0 $6,000
D FRANK PLATZ VICE PRESIDENT & TREASURER 5.00
Director
$6,000 $0 $6,000
BRIEN VIERRA DIRECTOR 5.00
Director
$6,000 $0 $6,000
JOHN NEIL GENERAL MANAGER 40.00
Director
$242,470 $16,973 $259,443
CHERYL POWERS SECRETARY & ASST. TREASURE 40.00
Director
$152,678 $10,687 $163,365
LORRAINE HALDERMAN ASST SECRETARY 40.00
Director
$118,181 $8,273 $126,454
MATTHEW SYTSMA SENIOR WATER TREATMENT OPE 40.00
Highest
$164,373 $11,506 $175,879
MIKE STEPHENS CHIEF OPERATOR 40.00
Highest
$154,328 $9,365 $163,693
DAVID CLARK SUPERINTENDENT 40.00
Highest
$142,745 $9,992 $152,737
JASON STRAECK SENIOR WATER TREATMENT OPE 40.00
Highest
$125,872 $8,811 $134,683
COLTON CRUZAT SENIOR WATER TREATMENT OPE 40.00
Highest
$138,054 $9,664 $147,718
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
2025 $14,705,421 $12,496,651 $55,164,973 $2,208,770
2024 $13,404,661 $11,395,402 $52,811,406 $2,009,259
2023 $11,113,540 $11,736,893 $50,743,096 $-623,353
2022 $11,280,603 $11,095,773 $51,432,769 $184,830
2021 $12,619,456 $11,145,548 $50,952,111 $1,473,908
2020 $10,081,041 $10,318,325 $49,436,045 $-237,284
2019 $8,979,524 $10,295,216 $49,127,425 $-1,315,692
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