EASTSIDE WATER ASSOCIATION INC

EIN: 951444204

MIDWAY CITY, CA

Total Revenue
$353,788
Total Expenses
$367,401
Total Assets
$1,396,512
Net Assets
$1,306,097
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
CA
Principal Officer
CRAIG SAMPLE
Phone
7148948106
Tax Period
2023-01-01 to 2023-12-31

EASTSIDE WATER ASSOCIATION INC, founded in 1990, is a small nonprofit that reported $354K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $1.3M represent 44 months of operating reserves.

Mission

PROVIDE AND MAINTAIN WATER SERVICE TO LOCAL AREA HOMEOWNERS; RECEIVE FEES FROM MEMBERS WHO HAVE A MEMBERSHIP INTEREST IN OUR GOVERNANCE; HUD AND REDEVELOPMENT GRANTS ARE RECEIVED.

Program Service Accomplishments

Program 1
Expenses: $270,665 Revenue: $353,788

PROVIDING AND MAINTAINING WATER SERVICE TO LOCAL MIDWAY CITY, CA HOMEOWNERS. PRIOR TO 2014, GRANT FUNDS WERE PROVIDED EXCLUSIVELY FOR CAPITAL EXPENSES IN CONNECTION WITH THE PHASE XII WATER...

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PROVIDING AND MAINTAINING WATER SERVICE TO LOCAL MIDWAY CITY, CA HOMEOWNERS. PRIOR TO 2014, GRANT FUNDS WERE PROVIDED EXCLUSIVELY FOR CAPITAL EXPENSES IN CONNECTION WITH THE PHASE XII WATER DISTRIBUTION REPLACEMENT (NEWLAND ST. FROM MADISON AVE. TO HAZARD AVENUE) IN MIDWAY CITY, CALIFORNIA.THE ASSOCIATION SUPPORTED OCPW MIDWAY CITY STREET & STORM DRAIN PROJECT PHASE I & II; VOLUNTEER BOARD MEMBERS WERE INVOLVED IN THE 20082013 MEETINGS WITH OCPW, OC COMMUNITY RESOURCES AND OC SUPERVISOR JANET NGUYEN'S OFFICE WITH REGARD TO FUNDING OF WATER INFRASTRUCTURE WORK IN COORDINATION WITH OCPW MIDWAY CITY STREET AND STORM DRAIN IMPROVEMENTS. ASSOCIATION RESERVES FUNDED SYSTEM REPAIRS AND UPGRADES IN COORDINATION WITH THE OCPW PROJECT. THE ASSOCIATION PROVIDED WATER FREE OF CHARGE TO OCPW AND THEIR CONTRACTORS IN SUPPORT OF THE PROJECT. ASSOCIATION VOLUNTEERS PROVIDED A SUPERINTENDENT AND ADMINISTRATIVE SERVICE IN SUPPORT OF THE OCPW PROJECT: THE ASSOCIATION HIRED 2 PART-TIME WATER OPERATOR ASSISTANTS TO SUPPORT THE PROJECT DURING A PERIOD OF FREQUENT WATER LATERAL AND MAIN BREAKS. THE ASSOCIATION PROVIDED VALVE BOXES AND LIDS IN SUPPORT OF THE OCPW PROJECT. PHASES I & II WERE COMPLETED IN JUNE 2012.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $353,788
Investment Income $0
Other Revenue $0
TOTAL REVENUE $353,788

Expense Breakdown

Grants Paid $0
Salaries & Benefits $38,208
Fundraising Expenses $0
Program Expenses $270,665
Other Expenses $329,193
TOTAL EXPENSES $367,401

Year-over-Year Comparison

2023 2022 Change
Revenue $353,788 $320,141 +0.1%
Expenses $367,401 $348,687 +0.1%
Net Income $-13,613 $-28,546 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
3
Volunteers
4

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
2
$1,200
Total Directors
5
$18,192
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG SAMPLE PRESIDENT 1.00
Officer Director
$0 $600 $600
JOYCE POST SECRETARY & TREASURER 1.00
Officer Director
$0 $600 $600
JEAN BAUER DIRECTOR 1.00
Director
$0 $600 $600
TOM POST DIRECTOR 1.00
Director
$0 $600 $600
STEVE HUNTER DIRECTOR 1.00
Director
$15,192 $600 $15,792
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 No data No data No data No data
2023 $353,788 $367,401 $1,396,512 $-13,613
2022 $320,141 $348,687 $1,427,112 $-28,546
2021 $317,693 $311,169 $1,460,917 $6,524
2020 $316,123 $257,251 $1,454,251 $58,872
2019 $316,718 $292,235 $1,377,577 $24,483
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