Civic Intelligence

Nice Mutual Water Company

990 • Fiscal year 2020 • EIN 94-1425016

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

PO Box 578Nice, CA 95464

(707) 274-1149

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

38th percentile

0.20x

Higher debt load relative to assets than 38% of similar nonprofits.

2020 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

36th percentile

0.70x

Higher debt load relative to revenue than 36% of similar nonprofits.

2020 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2020

Net Margin

94th percentile

39%

Higher net margin than 94% of similar nonprofits.

2020 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

83rd percentile

$90,352

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2020 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2020

Asset Growth

90th percentile

13%

Faster asset growth than 90% of similar nonprofits.

2020 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

95th percentile

41%

Faster revenue growth than 95% of similar nonprofits.

2020 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$5,662,120

Up $641,764 (+13%) from 2019

Net Assets

Up

$4,514,773

Up $645,050 (+17%) from 2019

Liabilities

Down

$1,147,347

Down $3,286 (-0.3%) from 2019

Revenue

Up

$1,650,379

Up $483,213 (+41%) from 2019

Expenses

Up

$1,005,329

Up $18,059 (+1.8%) from 2019

Net Income

Up

$645,050

Up $465,154 (+259%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $5,302,178Liabilities 2011: $1,530,559Net Assets 2011: $3,771,6192011Assets 2012: $5,220,426Liabilities 2012: $1,494,993Net Assets 2012: $3,725,4332012Assets 2013: $5,182,616Liabilities 2013: $1,447,108Net Assets 2013: $3,735,5082013Assets 2014: $5,075,596Liabilities 2014: $1,401,420Net Assets 2014: $3,674,1762014Assets 2015: $5,102,553Liabilities 2015: $1,344,867Net Assets 2015: $3,757,6862015Assets 2016: $5,069,492Liabilities 2016: $1,281,566Net Assets 2016: $3,787,9262016Assets 2017: $5,094,210Liabilities 2017: $1,248,376Net Assets 2017: $3,845,8342017Assets 2018: $4,882,459Liabilities 2018: $1,200,632Net Assets 2018: $3,681,8272018Assets 2019: $5,020,356Liabilities 2019: $1,150,633Net Assets 2019: $3,869,7232019Assets 2020: $5,662,120Liabilities 2020: $1,147,347Net Assets 2020: $4,514,7732020Assets 2021: $5,638,110Liabilities 2021: $1,036,056Net Assets 2021: $4,602,0542021Assets 2022: $5,289,054Liabilities 2022: $793,781Net Assets 2022: $4,495,2732022Assets 2023: $5,278,607Liabilities 2023: $752,972Net Assets 2023: $4,525,6352023Assets 2024: $5,169,893Liabilities 2024: $716,687Net Assets 2024: $4,453,2062024

Highlighted filing

2020

Assets$5,662,120
Liabilities$1,147,347
Net Assets$4,514,773

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,222,802Expenses 2011: $909,378Net Income 2011: $313,4242011Revenue 2012: $905,042Expenses 2012: $951,227Net Income 2012: -$46,1852012Revenue 2013: $918,732Expenses 2013: $908,657Net Income 2013: $10,0752013Revenue 2014: $894,595Expenses 2014: $945,612Net Income 2014: -$51,0172014Revenue 2015: $948,545Expenses 2015: $888,779Net Income 2015: $59,7662015Revenue 2016: $903,691Expenses 2016: $873,451Net Income 2016: $30,2402016Revenue 2017: $1,003,478Expenses 2017: $946,050Net Income 2017: $57,4282017Revenue 2018: $1,029,907Expenses 2018: $952,617Net Income 2018: $77,2902018Revenue 2019: $1,167,166Expenses 2019: $987,270Net Income 2019: $179,8962019Revenue 2020: $1,650,379Expenses 2020: $1,005,329Net Income 2020: $645,0502020Revenue 2021: $1,183,804Expenses 2021: $1,104,523Net Income 2021: $79,2812021Revenue 2022: $1,130,500Expenses 2022: $1,237,281Net Income 2022: -$106,7812022Revenue 2023: $1,243,598Expenses 2023: $1,213,236Net Income 2023: $30,3622023Revenue 2024: $1,167,844Expenses 2024: $1,211,460Net Income 2024: -$43,6162024

Highlighted filing

2020

Revenue$1,650,379
Expenses$1,005,329
Net Income$645,050
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$1,650,379
Mission and Program Overview

Mission

As a mutual benefit corporation, the entity provides water service to the residents of nice, california

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,752,829$4,224,393▲ $471,564
Rtn Earn Endowment Incm Other Fnds$3,331,998$3,977,048▲ $645,050
Pd in Cap Srpls Land Bldg Eqp Fund$506,525$506,525→ $0
Savings and Temporary Cash Investments$689,745$492,696▼ $197,049
Other Notes and Loans Receivable, Net-$428,130-
Cash and Non-Interest-Bearing Accounts$354,899$346,663▼ $8,236
Accounts Receivable$88,432$134,306▲ $45,874
Investments Other Securities$100,623--
Cap Stk Tr Prin Current Funds$31,200$31,200→ $0
Prepaid Expenses and Deferred Charges$21,630$22,397▲ $767
Inventories for Sale or Use$12,198$13,535▲ $1,337
Total Assets$5,020,356$5,662,120▲ $641,764
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,059,479$998,913▼ $60,566
Accounts Payable and Accrued Expenses$57,925$111,955▲ $54,030
Other Liabilities$33,229$36,479▲ $3,250
Total Liabilities$1,150,633$1,147,347▼ $3,286
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,869,723$4,514,773▲ $645,050
Total Liabilities and Net Assets / Fund Balance$5,020,356$5,662,120▲ $641,764

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,558,097-$3,558,097
Buildings$2,785,254-$2,785,254
Equipment$1,211,244-$1,211,244
Land$190,727-$190,727
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David FultzGeneral ManagerFT$90,352$90,352
Cynthia BrussardDirector-$1,754$1,754
Don GattonPresident-$1,754$1,754
Frank DollossoDirector-$1,754$1,754
Herman KnevelbaardVice-president-$1,754$1,754
Louise GarrisonTreasurer-$1,754$1,754
Mary JaimesDirector-$1,754$1,754
Sheri EnusSecretary-$1,754$1,754
Revenue and Support

Revenue Composition

Contributions and Grants
$428,130
Program Service Revenue
$1,190,180
Investment Income
$500
Other Revenue
$31,569
Change in Net Assets
$645,050

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,650,379
Total Revenue per Audited Statements
$1,650,379
Total Revenue per Form 990
$1,650,379
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$559,791
Salaries, Compensation, and Employee Benefits$445,538
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$238,956
Depreciation Depletion---$162,067
All Other Expenses---$114,736
Current Officers, Directors, Trustees, and Key Employees---$102,630
Other Employee Benefits---$50,638
Interest---$47,607
Office Expenses---$38,389
Payroll Taxes---$30,287
Occupancy---$28,130
Other Expenses---$25,365
Pension Plan Contributions---$23,027
Fees for Services Accounting---$9,250
Insurance---$8,303
Information Technology---$4,395
Fees for Services Legal---$1,090
Total Functional Expenses$0$0$0$1,005,329

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,005,329
Total Expenses per Audited Statements$1,005,329
Total Expenses per Form 990$1,005,329
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Vickie FultzSpouse of General ManagerCompensation for Office WorkNo$20,256
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits$28,479
Est of Tax Liability$8,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Part VI Section A Question 6

The organization has only one class of stock. Each lot owner in nice california may hold a stock certificate which entitles that lot owner to one vote. The stock may not be transferred except upon sale of the lot that entitled the stockholder to receive the stock or upon merger of the organization.

Part VI Section A Question 7

The organization's stockholders as further described in the note on this schedule regarding part vi line 6 have the authority to elect all members of the organization's governing body. The stockholders are lot owners whose lots are served by the organization's water service.

Part VI Section A Question 7B

Under the california corporations code amendments to the articles of incorporation must be approved by more than 50 percent of the stockholders and the stockholders must also approve the sale of substantially all assets of the corporation. The bylaws provide that amendments to the bylaws be approved at a duly noticed meeting of the stockholders where at least 30 are present.

Part VI Section A Question 8B

The governing body does not have committees with authority to act on its behalf.

Part VI Section B Question 11A

The treasurer and bookkeeper will be reviewing the 990 form prior to submission.

Filing and Contact Details

Filer

Filer Name
Nice Mutual Water Company
EIN
94-1425016
Phone
7072741149
Address
PO BOX 578, NICE, CA 95464

Signing Officer

Name
Louise Garrison
Title
Treasurer
Phone
7072741149
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Gatton
Formed
1948
Legal Domicile
CA
Voting Board Members
0
Independent Board Members
0
Employees
18

Preparer

Firm
H and R Block
Address
20124 HWY 88, PINE GROVE, CA 95665
Preparer
Mary Louise Nixon
Phone
2092967500
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0492696
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02785254
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02785254
IRS990ScheduleD/EquipmentGrp/BookValueAmt01211244
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01211244
IRS990ScheduleD/ExpensesSubtotalAmt01005329
IRS990ScheduleD/LandGrp/BookValueAmt0190727
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0190727
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03558097
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03558097
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt028479
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1EST OF TAX LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt01650379
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07745322
IRS990ScheduleD/TotalExpensesPerForm990Amt01005329
IRS990ScheduleD/TotalLiabilityAmt036479
IRS990ScheduleD/TotalRevenuePerForm990Amt01650379
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01650379
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01005329
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0VICKIE FULTZ
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SPOUSE OF GENERAL MANAGER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt020256
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0COMPENSATION FOR OFFICE WORK
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ONLY ONE CLASS OF STOCK. EACH LOT OWNER IN NICE CALIFORNIA MAY HOLD A STOCK CERTIFICATE WHICH ENTITLES THAT LOT OWNER TO ONE VOTE. THE STOCK MAY NOT BE TRANSFERRED EXCEPT UPON SALE OF THE LOT THAT ENTITLED THE STOCKHOLDER TO RECEIVE THE STOCK OR UPON MERGER OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S STOCKHOLDERS AS FURTHER DESCRIBED IN THE NOTE ON THIS SCHEDULE REGARDING PART VI LINE 6 HAVE THE AUTHORITY TO ELECT ALL MEMBERS OF THE ORGANIZATION'S GOVERNING BODY. THE STOCKHOLDERS ARE LOT OWNERS WHOSE LOTS ARE SERVED BY THE ORGANIZATION'S WATER SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UNDER THE CALIFORNIA CORPORATIONS CODE AMENDMENTS TO THE ARTICLES OF INCORPORATION MUST BE APPROVED BY MORE THAN 50 PERCENT OF THE STOCKHOLDERS AND THE STOCKHOLDERS MUST ALSO APPROVE THE SALE OF SUBSTANTIALLY ALL ASSETS OF THE CORPORATION. THE BYLAWS PROVIDE THAT AMENDMENTS TO THE BYLAWS BE APPROVED AT A DULY NOTICED MEETING OF THE STOCKHOLDERS WHERE AT LEAST 30 ARE PRESENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BODY DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON ITS BEHALF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE TREASURER AND BOOKKEEPER WILL BE REVIEWING THE 990 FORM PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI SECTION A QUESTION 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI SECTION A QUESTION 7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI SECTION A QUESTION 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI SECTION A QUESTION 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VI SECTION B QUESTION 11A
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TaxExemptInterestAmt00
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05020356
IRS990/TotalAssetsEOYAmt05662120
IRS990/TotalAssetsGrp/BOYAmt05020356
IRS990/TotalAssetsGrp/EOYAmt05662120
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0428130
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/TotalAmt01005329
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01150633
IRS990/TotalLiabilitiesEOYAmt01147347
IRS990/TotalLiabilitiesGrp/BOYAmt01150633
IRS990/TotalLiabilitiesGrp/EOYAmt01147347
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03869723
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04514773
IRS990/TotalProgramServiceRevenueAmt01190180
IRS990/TotalReportableCompFromOrgAmt0102630
IRS990/TotalRevenueGrp/ExclusionAmt020354
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01201895
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01650379
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05020356
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05662120
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03246 LAKESHORE BLVD
IRS990/USAddress/CityNm0Nice
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd095464
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0HTTPSL//WWW.NICEMUTUALWATERCOMPANY.INFO/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LOUISE GARRISON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07072741149
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NICE MUTUAL WATER COMPANY
ReturnHeader/Filer/BusinessNameControlTxt0NICE
ReturnHeader/Filer/EIN0941425016
ReturnHeader/Filer/PhoneNum07072741149
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 578
ReturnHeader/Filer/USAddress/CityNm0NICE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095464
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0274391419
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0H AND R BLOCK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt020124 HWY 88
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PINE GROVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095665
ReturnHeader/PreparerPersonGrp/PhoneNum02092967500
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mary Louise Nixon
ReturnHeader/ReturnTs02021-11-16T00:09:44Z
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LOUISE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GARRISON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.17$0.72$4.45$1.17$1.21$0.04
2023Summary only. Only limited summary data is available for this year.$5.28$0.75$4.53$1.24$1.21$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.29$0.79$4.50$1.13$1.24$0.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.64$1.04$4.60$1.18$1.10$0.08
2020Detailed filing. Detailed filing data is available for this year.$5.66$1.15$4.51$1.65$1.01$0.65
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.02$1.15$3.87$1.17$0.99$0.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.88$1.20$3.68$1.03$0.95$0.08
2017Summary only. Only limited summary data is available for this year.$5.09$1.25$3.85$1.00$0.95$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.07$1.28$3.79$0.90$0.87$0.03
2015Summary only. Only limited summary data is available for this year.$5.10$1.34$3.76$0.95$0.89$0.06
2014Summary only. Only limited summary data is available for this year.$5.08$1.40$3.67$0.89$0.95$0.05
2013Summary only. Only limited summary data is available for this year.$5.18$1.45$3.74$0.92$0.91$0.01
2012Summary only. Only limited summary data is available for this year.$5.22$1.49$3.73$0.91$0.95$0.05
2011Summary only. Only limited summary data is available for this year.$5.30$1.53$3.77$1.22$0.91$0.31