SPOKANE, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)RB WATER ASSOCIATION, founded in 2012, is a small nonprofit in the Public & Societal Benefit sector that reported $291K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $163K, a strong 56% operating margin.
Our purpose is limited to building, maintaining, and managing property only related to operating a residential water system and supplying water to property owners within a defined service area as assigned by Spokane County.
Supplying water to connected members within the service area. Costs include management, general and administrative costs, routine water testing, electricity for pumphouses and heating, and routine...
Supplying water to connected members within the service area. Costs include management, general and administrative costs, routine water testing, electricity for pumphouses and heating, and routine repair and maintenance of existing infrastructure.
Connection of new homesites to system and activation of new member service. Revenue comes from individual customer commitment fees, curbstop, activation, and installation fees. Expenses include...
Connection of new homesites to system and activation of new member service. Revenue comes from individual customer commitment fees, curbstop, activation, and installation fees. Expenses include labor, materials, and installation of vaults and meters, and initial testing needed to install meters, vaults, and curbstops at individual homesites.
Expanding water system to additional zones within the service area. Revenue includes commitment fees from developers. Non-capitalized costs incurred include consultant fees and permitting...
Expanding water system to additional zones within the service area. Revenue includes commitment fees from developers. Non-capitalized costs incurred include consultant fees and permitting. Capitalized expenses, described in schedule D and expansion of the system to additional zones.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $290,946 | $259,185 | +0.1% |
| Expenses | $128,034 | $121,334 | +0.1% |
| Net Income | $162,912 | $137,851 | +0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| David Dagget | Secretary | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Brad Smith | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| Scott Engstrom | President | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| William Hoover | Treasurer | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| Robert Schanke | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $290,946 | $128,034 | $1,420,444 | $162,912 |
| 2023 | $259,185 | $121,334 | $1,257,532 | $137,851 |
| 2022 | $450,216 | $108,075 | $1,119,681 | $342,141 |
| 2021 | $105,998 | $83,536 | $807,284 | $22,462 |
| 2021 | $128,619 | $106,167 | $811,158 | $22,452 |
| 2020 | $88,052 | $81,228 | $757,207 | $6,824 |
| 2019 | $113,492 | $89,125 | $747,933 | $24,367 |
| 2018 | $177,398 | $56,750 | $779,783 | $120,648 |
Compare RB WATER ASSOCIATION with other nonprofits in Washington and across the country.