SAMISH FARMS 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

1952

Legal Domicile

Principal Officer

THOMAS SHEAHAN

Phone

3602026996

Tax Period

2025-01-01 to 2025-12-31

SAMISH FARMS WATER ASSOCIATION, founded in 1952, is a small nonprofit that reported $515K in total revenue in fiscal year 2025. Net assets of $1.9M represent 45 months of operating reserves.

Mission

A COOPERATIVE WATER ASSOCIATION WHOSE MISSION IS TO PROVIDE QUALIFTY WATER AND DISTRIBUTION.

Program Service Accomplishments

Program 1

Expenses: $461,814 Revenue: $515,070

COOPERATIVE WATER ASSOCIATIONWATER DISTRIBUTION AND SALES

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $502,061

Investment Income $13,052

Other Revenue $0

TOTAL REVENUE $515,113

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,472

Fundraising Expenses $0

Program Expenses $461,814

Other Expenses $450,798

TOTAL EXPENSES $539,270

Year-over-Year Comparison

	2025	2024	Change
Revenue	$515,113	$494,184	+0.0%
Expenses	$539,270	$454,145	+0.2%
Net Income	$-24,157	$40,039	-1.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS SHEAHAN	CO-PRESIDENT	1.00	Officer	$0	$0	$0
DUANE HOPLEY	MEMBER	1.00	Officer	$0	$0	$0
MARY DICKINSON	SEC/TREAS	1.00	Officer	$0	$0	$0
ROB SAGER	VICE PRESIDENT	1.00	Officer	$0	$0	$0
ZAC SAGER	CO-PRESIDENT	1.00	Officer	$0	$0	$0
ERIC RIEDEL	MEMBER	1.00	Officer	$0	$0	$0
ANDY CONNER	MEMBER	1.00	Officer	$0	$0	$0

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	$515,113	$539,270	$2,504,044	$-24,157
2024	$494,184	$454,145	$2,564,460	$40,039
2023	$492,457	$416,848	$2,619,546	$75,609
2022	$416,888	$409,999	$2,627,460	$6,889
2021	$439,553	$439,278	$2,672,984	$275
2020	$379,246	$408,565	$2,815,533	$-29,319
2019	$367,431	$389,971	$2,865,602	$-22,540
2018	$350,685	$347,504	$2,863,410	$3,181