Moulton Niguel Water District Facilities Corporation
Nonprofit profile at a glance
- EIN
- 330601459
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Laguna Hills, CA, USA
- Phone
- 9494484032
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $4,750,933
- Expenses
- $4,750,933
- Assets
- $201,934,059
- Liabilities
- $201,934,059
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- BRIAN S PROBOLSKY (PRESIDENT)
- DUANE D CAVE (VICE PRESIDENT)
Highest reported compensation
- BRIAN S PROBOLSKY (PRESIDENT): $69,296 total reported compensation
- WILLIAM MOORHEAD (DIRECTOR): $60,335 total reported compensation
- DUANE D CAVE (VICE PRESIDENT): $58,260 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation's mission is to render financial assistance to moulton niguel water district (the "district"), a California water district organized and existing under section 34000 et seq. Of the California water code, by financing, refinancing, acquiring, constructing, improving, leasing and selling buildings, building improvements, equipment, water, sewer and reclaimed water facilities, and other public improvements, lands, and any other real or personal property for the benefit of the district and persons residing therein.
What it reported doing in 2024
Pursuant to state law, the organization's financing ability is limited to the issuance of certificates of participation or similar security arrangements. During the year, the organization handled the debt service for the certificate of participation issued by moulton niguel water district.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 90
- Accountability: 31
- Sustainability: 53
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Limited
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 42.5; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 1; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 3.4%; rating input score 66; 66th percentile among comparable filings
Growth
- Program expense growth: -3.4% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: -3.9% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: 8.3% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 0 of 7 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $4.8M in reported program spending
- Leadership: top reported pay $69K · 7 people listed
- Consistency: 14 of 14 current checks pass
- Schedules: 3 filed schedules
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 33/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.