CAMANO CO-OPERATIVE WATER & POWER C (EIN 910587045) - Form 990 Financial Analysis & Trantor Score

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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

1925

Legal Domicile

Principal Officer

VIRGIL FERNANDEZ

Phone

3603877363

Tax Period

2024-10-01 to 2025-09-30

CAMANO CO-OPERATIVE WATER & POWER C, founded in 1925, is a small nonprofit that reported $950K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $473K, a strong 50% operating margin.

Mission

THE ORGANIZATION PROVIDES WATER SERVICE TO SHAREHOLDERS ON CAMANO ISLAND, INCLUDING WATER MAINTENANCE, WATER SUPPLY, AND WATER HOOK-UPS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $699,312

Investment Income $48,389

Other Revenue $202,425

TOTAL REVENUE $950,126

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,576

Fundraising Expenses $0

Program Expenses $411,905

Other Expenses $393,121

TOTAL EXPENSES $476,697

Year-over-Year Comparison

	2024	2023	Change
Revenue	$950,126	$725,722	+0.3%
Expenses	$476,697	$451,485	+0.1%
Net Income	$473,429	$274,237	+0.7%

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

$9,150

Total Directors

$12,170

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIRGIL FERNANDEZ	PRESIDENT	5.42	Officer Director	$3,650	$0	$3,650
PAUL WEISSE	VICE PRESIDE	3.92	Officer Director	$1,970	$0	$1,970
ROBERT BOUCHER	TREASURER	4.67	Officer Director	$1,860	$0	$1,860
KEVIN KING	CAPITAL CHAI	5.17	Director	$1,820	$0	$1,820
NANCY RUSSELL	SECRETARY	3.92	Officer Director	$1,670	$0	$1,670
CHRIS RICHARDS	TRUSTEE	5.50	Director	$660	$0	$660
TRENT LOWE	TRUSTEE	4.50	Director	$540	$0	$540

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	$950,126	$476,697	$5,170,915	$473,429
2024	$725,722	$451,485	$4,724,818	$274,237
2023	$694,658	$471,315	$4,498,802	$223,343
2022	$655,677	$389,570	$4,315,746	$266,107
2021	$689,545	$364,739	$4,121,978	$324,806
2020	$672,865	$435,129	$3,796,467	$237,736
2019	$602,681	$378,837	$3,601,122	$223,844

CAMANO CO-OPERATIVE WATER & POWER C