BANNING HEIGHTS MUTUAL WATER CO

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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

Principal Officer

STEVE ROMBERG

Phone

9518492540

Tax Period

2025-01-01 to 2025-12-31

BANNING HEIGHTS MUTUAL WATER CO, founded in 1913, is a small nonprofit that reported $751K in total revenue in fiscal year 2025. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $212K, a strong 28% operating margin.

Mission

WATER IS PROVIDED TO SHAREHOLDERS OF THE COMPANY ON A NOT FOR PROFIT BASIS.

Program Service Accomplishments

Program 1

Expenses: $504,039

WATER IS PROVIDED TO SHAREHOLDERS OF THE COMPANY ON A NOT FOR PROFIT BASIS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $698,168

Investment Income $18

Other Revenue $53,068

TOTAL REVENUE $751,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $113,199

Fundraising Expenses $0

Program Expenses $504,039

Other Expenses $425,729

TOTAL EXPENSES $538,928

Year-over-Year Comparison

	2025	2024	Change
Revenue	$751,254	$878,876	-0.1%
Expenses	$538,928	$603,702	-0.1%
Net Income	$212,326	$275,174	-0.2%

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

$7,200

Total Directors

$10,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE ROMBERG	CURRENT PRESIDENT	15.00	Officer Director	$2,400	$0	$2,400
JAY CALLIN	SECRETARY	15.00	Officer Director	$2,400	$0	$2,400
LORI ASKEW	VPTREASURER	20.00	Officer Director	$2,400	$0	$2,400
FERNANDO RUELAS	DIRECTOR	5.00	Director	$1,700	$0	$1,700
MERWYN DAVIS	DIRECTOR	5.00	Director	$1,700	$0	$1,700
JULIE L HUTCHINSON	FORMER PRESIDENT	0.00		$200	$0	$200

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	$751,254	$538,928	$2,638,476	$212,326
2024	No data	No data	No data	No data
2023	$554,504	$842,567	$1,004,513	$-288,063
2022	$823,693	$731,683	$1,292,576	$92,010
2021	$728,603	$409,069	$1,200,566	$319,534
2020	$608,266	$536,465	$881,032	$71,801
2019	$405,490	$431,725	$809,231	$-26,235
2018	$478,068	$446,423	$835,466	$31,645