Muscoy Mutual Water Company No1 (EIN 951033260) - 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

Phone

9098872964

Tax Period

2024-01-01 to 2024-12-31

Muscoy Mutual Water Company No1, founded in 1927, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.6M exceeded revenue, resulting in a 19% operating deficit.

Mission

To maintain, operate and develop the water supply system for the community of Muscoy, California. The company provides service to approximately 1,500 households and 50 commercial and industrial customers.

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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 $2,104,756

Investment Income $263

Other Revenue $31,230

TOTAL REVENUE $2,136,249

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,366,672

Fundraising Expenses $0

Program Expenses $2,145,868

Other Expenses $1,184,561

TOTAL EXPENSES $2,551,233

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,136,249	$1,962,290	+0.1%
Expenses	$2,551,233	$2,434,087	+0.0%
Net Income	$-414,984	$-471,797	-0.1%

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

$676,248

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rudy Garcia	President	40.00	Officer	$242,500	$40,200	$282,700
Angel Garcia	Board Member	40.00	Officer	$190,913	$30,504	$221,417
Kathy Halsey	Secretary	40.00	Officer	$137,175	$34,956	$172,131
Albert Garcia	N/A	40.00		$104,206	$30,504	$134,710
Dave Burkitt	Vice President	10.00	Officer	$0	$0	$0
Corey Evans	Treasurer	10.00	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
2024	$2,136,249	$2,551,233	$5,830,336	$-414,984
2023	$1,962,290	$2,434,087	$6,215,781	$-471,797
2022	$1,985,325	$2,201,486	$6,671,561	$-216,161
2021	$2,346,514	$2,164,330	$6,897,516	$182,184
2020	$2,259,126	$1,916,375	$6,687,759	$342,751
2019	$1,925,205	$1,663,669	$6,334,210	$261,536
2018	$1,828,019	$1,600,887	$6,101,553	$227,132

Muscoy Mutual Water Company No1