BANNING HEIGHTS MUTUAL WATER CO (EIN 950525254) - 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

1913

Legal Domicile

Principal Officer

JULIE HUTCHINSON

Tax Period

2023-01-01 to 2023-12-31

BANNING HEIGHTS MUTUAL WATER CO, founded in 1913, is a small nonprofit that reported $555K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $843K exceeded revenue, resulting in a 52% operating deficit.

Mission

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $541,839

Investment Income $382

Other Revenue $12,283

TOTAL REVENUE $554,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,000

Fundraising Expenses $0

Program Expenses $629,137

Other Expenses $830,567

TOTAL EXPENSES $842,567

Year-over-Year Comparison

	2023	2022	Change
Revenue	$554,504	$823,693	-0.3%
Expenses	$842,567	$731,683	+0.2%
Net Income	$-288,063	$92,010	-4.1%

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

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

$9,600

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY ELLIS	DIRECTOR	30.00	Director	$2,400	$0	$2,400
LORI ASKEW	TREASURER	20.00	Officer Director	$2,400	$0	$2,400
JAY CALLIN	SECRETARY	15.00	Officer Director	$2,400	$0	$2,400
JULIE HUTCHINSON	PRESIDENT	50.00	Officer Director	$2,400	$0	$2,400
STEVE ROMBERG	VICE PRESIDENT	15.00	Officer Director	$2,400	$0	$2,400

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	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

BANNING HEIGHTS MUTUAL WATER CO