CALIFORNIA DOMESTIC WATER COMPANY (EIN 950594580) - 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

1902

Legal Domicile

Principal Officer

L NORIEGA

Phone

5629473811

Tax Period

2024-07-01 to 2025-06-30

CALIFORNIA DOMESTIC WATER COMPANY, founded in 1902, is a mid-sized nonprofit that reported $15.7M in total revenue in fiscal year 2024. Net assets of $70.0M represent 53 months of operating reserves.

Mission

TO PROVIDE WATER TO ITS MEMBERS

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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 $15,317,087

Investment Income $214,110

Other Revenue $198,172

TOTAL REVENUE $15,729,369

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,200

Fundraising Expenses $0

Other Expenses $16,415,566

TOTAL EXPENSES $16,469,766

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,729,369	$15,414,997	+0.0%
Expenses	$16,469,766	$15,937,555	+0.0%
Net Income	$-740,397	$-522,558	+0.4%

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

N/A

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

$20,800

Total Directors

$76,400

Key Employees

$857,989

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
M QUINN	VICE-CHAIRMAN	5.00	Director	$17,600	$7,200	$24,800
R RICH	DIRECTOR	5.00	Director	$7,000	$7,200	$14,200
R JONES	DIRECTOR	5.00	Director	$13,600	$7,200	$20,800
D HANNAH JR	CHAIRMAN	5.00	Director	$9,400	$7,200	$16,600
C BLAKE	CFO	5.00	Officer	$3,600	$7,200	$10,800
T PRENOVOST JR	SECRETARY	5.00	Officer	$2,800	$7,200	$10,000
L NORIEGA	PRESIDENT	20.00	Key Emp	$0	$80,001	$397,602
EVENEGAS	DIRECTOR OF WATER OPERATIO	20.00	Key Emp	$0	$63,038	$283,734
S ALVARADO	ACCTG & OFFICE MGR	20.00	Key Emp	$0	$29,589	$176,653

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	$15,729,369	$16,469,766	$83,056,552	$-740,397
2024	$15,414,997	$15,937,555	$84,357,245	$-522,558
2023	$15,879,268	$16,001,663	$83,711,684	$-122,395
2022	$19,759,648	$18,945,794	$75,395,636	$813,854
2021	$19,972,014	$19,735,500	$75,328,675	$236,514
2020	$15,910,308	$16,259,878	$72,750,308	$-349,570
2019	$13,295,573	$14,904,629	$68,402,467	$-1,609,056
2018	$16,694,257	$17,033,120	$67,430,847	$-338,863

CALIFORNIA DOMESTIC WATER COMPANY