SOUTH MESA WATER COMPANY (EIN 951239350) - 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

1912

Legal Domicile

Principal Officer

DAVID DUTCHOVER

Phone

9097952401

Tax Period

2024-01-01 to 2024-12-31

SOUTH MESA WATER COMPANY, founded in 1912, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 31% operating margin.

Mission

MUTUAL WATER COMPANY DELIVERING WATER TO SHAREHOLDERS IN THE YUCAIPA/CALIMESA 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,210,276

Investment Income $14,868

Other Revenue $46,183

TOTAL REVENUE $5,271,327

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,243,308

Fundraising Expenses $0

Program Expenses $3,055,710

Other Expenses $2,370,273

TOTAL EXPENSES $3,613,581

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,271,327	$3,923,449	+0.3%
Expenses	$3,613,581	$3,749,598	0.0%
Net Income	$1,657,746	$173,851	+8.5%

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

$85,650

Total Directors

$10,200

Key Employees

$167,108

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE ARMSTRONG	GEN MGR	40.00	Key Emp	$167,108	$0	$167,108
BONNIE HERNANDEZ	SECRETARYTREASURER	40.00	Officer	$83,050	$0	$83,050
GARY WILSON	DIRECTOR	1.00	Director	$2,600	$0	$2,600
PAUL WAGNER	DIRECTOR	1.00	Director	$2,600	$0	$2,600
DAVID DUTCHOVER	PRESIDENT	1.00	Officer Director	$2,600	$0	$2,600
LYLE HUGHES	DIRECTOR	1.00	Director	$2,400	$0	$2,400
AARON JONES	DIRECTOR	1.00	Director	$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	$5,271,327	$3,613,581	$21,775,059	$1,657,746
2023	$3,923,449	$3,749,598	$14,621,435	$173,851
2022	$4,337,868	$3,619,573	$13,991,397	$718,295
2021	$3,271,155	$2,766,672	$12,251,571	$504,483
2020	$3,047,628	$2,679,973	$11,697,930	$367,655
2019	$2,795,732	$2,541,425	$11,339,169	$254,307
2018	$2,566,122	$2,143,084	$11,042,558	$423,038

SOUTH MESA WATER COMPANY