TRACT 349 MUTUAL WATER COMPANY (EIN 951304730) - 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

WILLIAM GYNAN

Phone

3235601601

Tax Period

2024-01-01 to 2024-12-31

TRACT 349 MUTUAL WATER COMPANY, founded in 1912, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $349K, a strong 34% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO CONDUCT EFFICIENT OPERATIONS AS A LOCAL COMMUNITY WATER DISTRICT - PROVIDING WATER TO ITS STOCKHOLDERS (THE COMMUNITY BUSINESSES AND INDIVIDUALS THAT RESIDE WITHIN THE DISTRICT)

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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 $0

Investment Income $393

Other Revenue $1,031,218

TOTAL REVENUE $1,031,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $352,694

Fundraising Expenses $0

Other Expenses $329,946

TOTAL EXPENSES $682,640

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,031,611	$623,856	+0.7%
Expenses	$682,640	$681,237	+0.0%
Net Income	$348,971	$-57,381	-7.1%

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

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

$12,600

Total Directors

$33,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL VENEGAS	VICE - PRESIDENT	3.00	Officer Director	$7,200	$0	$7,200
DONALD ROBERT BRABANT	PRESIDENT	13.00	Officer Director	$5,400	$0	$5,400
LUIS GARCIA	BOARD MEMBER	3.00	Director	$7,200	$0	$7,200
JAMES CASTRO	BOARD MEMBER	3.00	Director	$6,600	$0	$6,600
JOSE MENDOZA	BOARD MEMBER	3.00	Director	$7,200	$0	$7,200

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	$1,031,611	$682,640	$5,404,642	$348,971
2023	$623,856	$681,237	$5,031,566	$-57,381
2022	$580,589	$606,660	$5,092,659	$-26,071
2021	$881,511	$505,879	$5,400,177	$375,632
2020	$1,852,107	$477,267	$4,807,940	$1,374,840
2019	$804,467	$420,299	$3,367,755	$384,168
2018	$1,953,764	$449,088	$2,976,495	$1,504,676

TRACT 349 MUTUAL WATER COMPANY