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Walnut Park Mutual Water Co

Not tax-deductible

Walnut Park, CAMutual-benefit / member-servingMutual / membership EIN 95-1344880Revenue $2.2M in FY2024

On file with the IRS2460 E Florence Ave, 90255-5727 · Walnut Park, CATax-exempt since Sep 1943

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Membership dues and assessments were collected to provide Water service to its members.

$171K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $862K a year · 30% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Pay to officers and key staff
$171K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
18 mo
of spending, in cash
Looks good: 17.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
-59% vs prior year
Spent
$2.4M
Net assets
$10.5M
By yearFY2020–FY2024
Revenue
$2.2M
FY2024▼ -59%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.1M
FY2021$1.9M
FY2023$5.3M
FY2024$2.2M
Expenses
$2.4M
FY2024▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$1.8M
FY2023$2.1M
FY2024$2.4M
Net assets
$10.5M
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.4M
FY2021$7.5M
FY2023$10.9M
FY2024$10.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1943.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

5 people listed on the 990; $171K paid to officers and key staff.

Part VII, Section A · reportable compensation
E Viramontes
Plant Operator
$129,846Pt VII · Sec A
Joe Luppino
Director
$10,200Pt VII · Sec A
Salvador Garcia
Treasurer/Director
$10,200Pt VII · Sec A
Daniel Calderon
Board of Director
$10,200Pt VII · Sec A
Mike Gomez
President/Gm/Director
$10,200Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2021FY2020
E Viramontes$129,846$109,088$100,733$101,326
Mike Gomez$10,200$56,869$42,660$34,930
Joe Luppino$10,200$20,589$28,900$28,900
Salvador Garcia$10,200$10,200$10,200$10,200
Daniel Calderon$10,200$10,200$10,200$10,200

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides water service to members through collected dues and assessments.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Walnut park mutual water company provides water service to approximately 2830 customer-members.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.2M
Ln 12
Fees for servicesLn 2g$2.1M
Other incomeLn 4–11$18K
Investment incomeLn 3$18K
Money outPt IX
$2.4M
Ln 25
Owns and owesPt X
$10.5M
net assets · Ln 32
Cash and savingsLn 1–2$3.6M
Total assetsLn 16$11.7M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
5
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$18K
Other incomeLn 4–11$18K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$991K
SavingsLn 2$2.6M
Cash and savings togetherLn 1–2$3.6M
Land, buildings, equipmentLn 10c$6.3M
Other assetsLn 15$557K
Total assetsLn 16$11.7M
LiabilitiesLn 26$1.1M
Net assetsLn 32$10.5M
OperationsPt I, VI
EmployeesI 59
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3.6M$3.6M
Land, buildings, equipmentLn 10c$6.4M$6.3M
Total assetsLn 16$14.5M$11.7M
LiabilitiesLn 26$3.5M$1.1M
Net assetsLn 32$10.9M$10.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$41K
Other salaries and wagesLn 7$500K
Pension plan contributionsLn 8$25K
Payroll taxesLn 10$40K
Legal feesLn 11b$98K
Accounting feesLn 11c$21K
Other fees for servicesLn 11g$33K
Office expensesLn 13$25K
Depreciation, depletion and amortizationLn 22$474K
InsuranceLn 23$208K
Other expenses (24a–d)Ln 24$783K
All other expensesLn 24e$199K
Total functional expensesLn 25$2.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.2M$2.4M−$292K$10.5M 990 PDF
FY2023 $5.3M$2.1M$3.2M$10.9M 990 PDF
FY2022 Not on file
FY2021 $1.9M$1.8M$130K$7.5M 990 PDF
FY2020 $2.1M$1.7M$386K$7.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,155,356 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,263,449$0
I-9 Program service revenuePrior year $1,983,074$2,118,894
I-10 Investment incomePrior year $3,637$18,211
I-11 Other revenuePrior year $28,692$18,251
I-12 Total revenuePrior year $5,278,852$2,155,356
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $560,507$605,402
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,495,222$1,842,068
I-18 Total expensesPrior year $2,055,729$2,447,470
I-19 Revenue less expensesPrior year $3,223,123−$292,114
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,155,356 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,118,894$2,118,894
VIII-3 Investment incomeUnrelated business $18,211$18,211
VIII-6 Net rental income or lossUnrelated business $11,751$11,751
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,500$6,500
VIII-12 Total revenueRelated to mission $2,125,394 · Unrelated business $29,962 · Excluded from tax $0$2,155,356
Part IX · Statement of functional expenses $2,447,470 across 12 lines filed
IX-5 Pay of current officers, directors and key staff$40,800
IX-7 Other salaries and wages$500,003
IX-8 Pension plan contributions$24,571
IX-10 Payroll taxes$40,028
IX-11b Legal fees$98,171
IX-11c Accounting fees$21,165
IX-11g Other fees for services$32,673
IX-13 Office expenses$25,383
IX-22 Depreciation, depletion and amortization$473,582
IX-23 Insurance$208,392
IX-24 Other expenses (24a–d)$783,346
IX-24e All other expenses$199,356
IX-25 Total functional expenses$2,447,470
Part X · Balance sheet $11,662,316 assets, 15 lines filed
Asset lines not itemized here account for $763,439; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $339,984$991,478
X-2 Savings and temporary cash investmentsStart of year $3,288,092$2,611,659
X-4 Accounts receivableStart of year $589,224$425,003
X-8 Inventories for sale or useStart of year $21,991$31,867
X-9 Prepaid expenses and deferred chargesStart of year $28,124$31,713
X-10c Land, buildings and equipment, netStart of year $6,449,136$6,250,627
X-15 Other assetsStart of year $558,296$556,530
X-16 Total assetsStart of year $14,452,350$11,662,316
X-17 Accounts payable and accrued expensesStart of year $74,429$106,971
X-25 Other liabilitiesStart of year $3,454,934$1,019,356
X-26 Total liabilitiesStart of year $3,529,363$1,126,327
X-27 Net assets without donor restrictionsStart of year $10,842,479$10,455,481
X-28 Net assets with donor restrictionsStart of year $80,508$80,508
X-32 Total net assets or fund balancesStart of year $10,922,987$10,535,989
X-33 Total liabilities and net assetsStart of year $14,452,350$11,662,316
Part XI · Reconciliation of net assets $10,535,989 net assets at year end
XI-1 Total revenue$2,155,356
XI-2 Total expenses$2,447,470
XI-3 Revenue less expenses−$292,114
XI-4 Net assets at start of year$10,922,987
XI-8 Prior period adjustments−$94,885
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$10,535,989

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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