MARYGOLD MUTUAL WATER COMPANY

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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

1915

Legal Domicile

Principal Officer

JAMES H PESTER

Phone

9098770516

Tax Period

2023-11-01 to 2024-10-31

MARYGOLD MUTUAL WATER COMPANY, founded in 1915, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.8M left a modest 13% surplus.

Mission

MARYGOLD MUTUAL WATER COMPANY PROVIDES WATER SERVICE TO VARIOUS MEMBER OWNERS AND LOCAL BUSINESSES.

Program Service Accomplishments

Program 1

COMPLETE REMOVAL AND REPLACEMENT OF THE PERCHLORATE RESIN. THIS IS AN ONGOING MAINTENANCE PROCESS FOR THE STABILITY OF THE SYSTEM AND TO PRODUCE PURE FRESH WATER TO BE DELIVERRED.CONTINUED THE...

COMPLETE REMOVAL AND REPLACEMENT OF THE PERCHLORATE RESIN. THIS IS AN ONGOING MAINTENANCE PROCESS FOR THE STABILITY OF THE SYSTEM AND TO PRODUCE PURE FRESH WATER TO BE DELIVERRED.CONTINUED THE IMPLEMENTATION OF NEW COMPUTER PROGRAMS THAT ASSIST IN CREATING THE DATA REQUIRED BY CALIFORNIA EXECUTIVE ORDER #N-42-20 WHICH ELIMINATES SHUTTING OFF CUSTOMERS FOR NON PAYMENT OF SERVICES.REPLACED THE WORK TRAILER THAT WAS STOLEN IN NOVEMBER 2020.

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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 $2,017,616

Investment Income $0

Other Revenue $59,804

TOTAL REVENUE $2,077,420

Expense Breakdown

Grants Paid $1

Salaries & Benefits $549,697

Fundraising Expenses $0

Other Expenses $1,253,444

TOTAL EXPENSES $1,803,142

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,077,420	$1,765,324	+0.2%
Expenses	$1,803,142	$2,120,059	-0.1%
Net Income	$274,278	$-354,735	-1.8%

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

N/A

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

Total Directors

$15,020

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DAYLE JAMIESON	SECT / TREAS	Director	$3,820	$0	$3,820
JAMES H PESTER	President	Director	$2,800	$0	$2,800
JEFFERSON RANDOLPH	Vice President	Director	$2,800	$0	$2,800
VINCENT FRANCO	BOARD MEMBER	Director	$2,800	$0	$2,800
HARVEY EVANS JR	BOARD MEMBER	Director	$2,800	$0	$2,800

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	$2,077,420	$1,803,142	$9,278,168	$274,278
2023	$1,765,324	$1,994,622	$9,123,281	$-229,298
2022	$1,777,969	$2,085,933	$9,754,170	$-307,964
2021	$1,720,673	$1,773,854	$10,217,550	$-53,181
2020	$1,690,420	$1,738,464	$10,550,980	$-48,044
2019	$1,661,749	$1,421,121	$10,837,740	$240,628
2018	$1,560,317	$1,383,784	$10,900,499	$176,533