MIDWAY CITY MUTUAL WATER COMPANY (EIN 951004475) - 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

1927

Legal Domicile

Principal Officer

HEATHER STERLING

Phone

7145329409

Tax Period

2024-07-01 to 2025-06-30

MIDWAY CITY MUTUAL WATER COMPANY, founded in 1927, is a small nonprofit in the Mutual Benefit sector that reported $293K in total revenue in fiscal year 2024. Net assets of $599K represent 25 months of operating reserves.

Mission

MUTUAL WATER COMPANY - PROVIDE WATER BENEFITS TO RESIDENTS.

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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 $291,949

Investment Income $31

Other Revenue $627

TOTAL REVENUE $292,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,684

Fundraising Expenses $0

Program Expenses $293,769

Other Expenses $270,447

TOTAL EXPENSES $312,131

Year-over-Year Comparison

	2024	2023	Change
Revenue	$292,607	$279,977	+0.0%
Expenses	$312,131	$275,759	+0.1%
Net Income	$-19,524	$4,218	-5.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM BATES	BOARD MEMBER	3.00	Director	$0	$0	$0
JEAN R BAUER	BOARD MEMBER	3.00	Director	$0	$0	$0
RUTH NORIEGA	BOARD MEMBER	3.00	Director	$0	$0	$0
HEATHER STERLING	SECRETARY/TR	3.00	Officer	$0	$0	$0
JOHN VERHAAR	PRESIDENT	3.00	Officer	$0	$0	$0

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	$292,607	$312,131	$683,156	$-19,524
2024	$279,977	$275,759	$698,206	$4,218
2023	$269,890	$205,589	$682,615	$64,301
2022	$250,599	$301,992	$597,206	$-51,393
2021	$236,904	$209,586	$682,701	$27,318
2020	$220,949	$175,351	$616,949	$45,598
2019	$218,637	$265,120	$593,180	$-46,483
2018	$218,911	$220,011	$634,622	$-1,100

MIDWAY CITY MUTUAL WATER COMPANY