OMAK, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)DUCK LAKE WATER ASSOCIATION INC, founded in 1960, is a small nonprofit that reported $148K in total revenue in fiscal year 2023. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $213K exceeded revenue, resulting in a 44% operating deficit.
DELIVERY OF DOMESTIC WATER TO MEMBERS AT THE LOWEST POSSIBLE COST AS WELL AS MAINTAINING THE WATER SYSTEM TO INSURE THAT ALL REQUIRED WATER QUALITY & SAFETY STANDARDS MANDATED BY THE VARIOUS STATE & LOCAL AUTHORITIES ARE COMPLIED WITH.
THE ORGANIZATION PROVIDED LOW COST DOMESTIC WATER TO THE MEMBERS WITHOUT INCREASING MEMBERSHIP ASSESSMENTS. IT COMPLIED WITH ALL WATER SAFETY AND TESTING REQUIREMENTS AS REQUIRED BY LAW IN ORDER TO...
THE ORGANIZATION PROVIDED LOW COST DOMESTIC WATER TO THE MEMBERS WITHOUT INCREASING MEMBERSHIP ASSESSMENTS. IT COMPLIED WITH ALL WATER SAFETY AND TESTING REQUIREMENTS AS REQUIRED BY LAW IN ORDER TO PROVIDE SAFE DOMESTIC WATER TO THE MEMBERS. IMPROVEMENTS AND MAINTENANCE TO THE WATER SYSTEM WERE MADE DURING THE YEAR AS PART OF A LONG TERM PROGRAM TO KEEP THE SYSTEM IN SAFE RELIABLE OPERATING CONDITION.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $148,057 | $1,182,736 | -0.9% |
| Expenses | $212,537 | $124,251 | +0.7% |
| Net Income | $-64,480 | $1,058,485 | -1.1% |
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 |
|---|---|---|---|---|---|---|
| TALANA LAY | Treasurer | 10.00 |
Officer
Director
|
$22,920 | $0 | $22,920 |
| MELISSA AMES-TIBBITS | SYSTEM OPERATOR | 10.00 |
Director
|
$15,402 | $0 | $15,402 |
| WAYNE WELLS | Vice President | 10.00 |
Officer
Director
|
$13,940 | $0 | $13,940 |
| JEREMI JUDD | Director | 0.00 |
Director
|
$320 | $0 | $320 |
| FLOYD COVEY | President | 0.00 |
Officer
Director
|
$200 | $0 | $200 |
| DAVE MUNDINGER | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| MEGAN AZZANO | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| DUANE HAMMER | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $148,057 | $212,537 | $1,907,848 | $-64,480 |
| 2023 | $148,405 | $124,586 | $819,507 | $23,819 |
| 2023 | $1,182,736 | $124,251 | $1,918,421 | $1,058,485 |
| 2022 | $111,644 | $89,899 | $786,784 | $21,745 |
| 2021 | $110,560 | $89,902 | $697,433 | $20,658 |
Compare DUCK LAKE WATER ASSOCIATION INC with other nonprofits in Washington and across the country.