OILDALE MUTUAL WATER COMPANY INC (EIN 951063050) - 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

1919

Legal Domicile

Principal Officer

RYAN NUNNELEY

Phone

6613995516

Tax Period

2023-07-01 to 2024-06-30

OILDALE MUTUAL WATER COMPANY INC, founded in 1919, is a mid-sized nonprofit that reported $11.3M in total revenue in fiscal year 2023. The organization ran a surplus of $5.6M, a strong 49% operating margin.

Mission

MUTUAL WATER COMPANY. PROCURMENT OF DOMESTIC WATER AND DELIVERY OF WATER TO CUSTOMERS/STOCKHOLDER WITHIN THE COMPANY'S SERVICE AREA

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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 $10,476,825

Investment Income $413,120

Other Revenue $377,674

TOTAL REVENUE $11,267,619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,158,853

Fundraising Expenses $0

Other Expenses $3,543,897

TOTAL EXPENSES $5,702,750

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,267,619	$11,329,134	0.0%
Expenses	$5,702,750	$11,023,709	-0.5%
Net Income	$5,564,869	$305,425	+17.2%

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

$165,150

Total Directors

$183,750

Key Employees

$240,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LONNEY BOLLER	DIRECTOR	5.00	Director	$6,250	$0	$6,250
JASON WATTENBARGER	PRESIDENT	5.00	Officer Director	$7,300	$0	$7,300
ROSS JOHNSON	VICE PRESIDENT	5.00	Officer Director	$6,050	$0	$6,050
DON WATTENBARGER	DIRECTOR	5.00	Director	$6,300	$0	$6,300
RYAN NUNNELEY	GENERAL MANAGER/SECRETARY	40.00	Officer Director	$151,800	$0	$151,800
JUDE HUPP	VICE PRESIDENT	5.00	Director	$6,050	$0	$6,050
DOUGLAS NUNNELEY	FORMER SECRETARY	40.00	Key Emp	$240,000	$0	$240,000
ALLAN EVANS	OPERATIONS MANAGER	40.00	Highest	$129,244	$0	$129,244

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	No data	No data	No data	No data
2024	$11,267,619	$5,702,750	$59,815,004	$5,564,869
2023	$11,329,134	$11,023,709	$47,332,418	$305,425
2022	$11,045,397	$9,806,553	$46,887,728	$1,238,844
2021	$9,702,473	$6,649,178	$40,080,458	$3,053,295
2020	$9,766,867	$8,135,388	$34,658,488	$1,631,479
2019	$8,654,925	$7,816,962	$30,999,921	$837,963

OILDALE MUTUAL WATER COMPANY INC