AMES LAKE WATER ASSOCIATION

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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

1969

Legal Domicile

Principal Officer

DAVID HOFFMANN

Phone

4252227003

Tax Period

2023-05-01 to 2024-04-30

AMES LAKE WATER ASSOCIATION, founded in 1969, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Net assets of $4.5M represent 42 months of operating reserves.

Mission

AMES LAKE WATER ASSOCIATION IS A CONSUMER OWNED COOPERATIVE WHICH PROVIDES WATER SERVICES TO OVER 1,100 MEMBERS IN A RURAL SERVICE AREA SURROUNDING AMES LAKE, WA.

Program Service Accomplishments

Program 1

Expenses: $769,168

THE ASSOCIATION OWNS AND OPERATES SIX GROUND WATER WELLS, SIX STORAGE TANKS, AND OVER 38 MILES OF WATER SUPPLY PIPE; THE ASSOCIATION PROVIDED APPROXIMATELY 90 MILLION GALLONS OF POTABLE WATER TO OVER...

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,176,668

Investment Income $14,113

Other Revenue $85,263

TOTAL REVENUE $1,276,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $555,368

Fundraising Expenses $0

Program Expenses $769,168

Other Expenses $750,920

TOTAL EXPENSES $1,306,288

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,276,044	$1,195,662	+0.1%
Expenses	$1,306,288	$1,033,319	+0.3%
Net Income	$-30,244	$162,343	-1.2%

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

Employees

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

$4,784

Total Directors

$8,632

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HOFFMANN	PRESIDENT	4.00	Officer Director	$1,248	$0	$1,248
MARK FREEMAN	VICE PRESIDENT	2.00	Officer Director	$1,144	$0	$1,144
JEFF VILLNOW	SECRETARY	2.00	Officer Director	$1,040	$0	$1,040
SHERRI ZUCKER	TREASURER	2.00	Officer Director	$1,352	$0	$1,352
MERLYN BLUE	DIRECTOR	2.00	Director	$1,248	$0	$1,248
MICHAEL BICAK	DIRECTOR	2.00	Director	$1,248	$0	$1,248
DAVE BEECHER	DIRECTOR	2.00	Director	$1,352	$0	$1,352
JEREMY REIER	WATER SYSTEM MANAGER	40.00	Highest	$135,164	$0	$135,164

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
2025	No data	No data	No data	No data
2024	$1,276,044	$1,306,288	$5,973,419	$-30,244
2023	$1,195,662	$1,033,319	$6,318,509	$162,343
2022	$1,357,997	$1,022,203	$6,386,465	$335,794
2021	$1,101,568	$1,082,980	$4,887,471	$18,588
2020	$935,683	$1,017,504	$4,985,533	$-81,821
2019	$1,019,958	$1,033,612	$5,095,380	$-13,654
2018	$1,244,781	$971,786	$4,964,653	$272,995