ROOSEVELT WATER ASSOCIATION INC

EIN: 910790427

SNOHOMISH, WA

Total Revenue
$1,655,524
Total Expenses
$1,305,332
Total Assets
$11,310,186
Net Assets
$9,114,288
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
WA
Principal Officer
JOHN OLSEN
Phone
3605683450
Tax Period
2024-01-01 to 2024-12-31

ROOSEVELT WATER ASSOCIATION INC, founded in 1966, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. The organization ran a surplus of $350K, a strong 21% operating margin.

Mission

TO PROVIDE SAFE DRINKING WATER THAT MEETS OR EXCEEDS ALL STATE AND FEDERAL GOVERNMENT STANDARDS. THE ASSOCIATION IS COMMITTED TO ENSURING IN THE MOST EFFICIENT AND ECONOMICAL WAY POSSIBLE THE HIGH QUALITY OF SERVICES THAT THE MEMBERS ENJOY AND EXPECT IN A RELIABLE, PROFESSIONAL, SAFE AND COST EFFECTIVE MANNER.

Program Service Accomplishments

Program 1

OPERATION, MAINTENANCE AND IMPROVEMENT OF A SYSTEM PROVIDING POTABLE WATER TO ITS MEMBERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,560,733
Investment Income $94,791
Other Revenue $0
TOTAL REVENUE $1,655,524

Expense Breakdown

Grants Paid $0
Salaries & Benefits $359,622
Fundraising Expenses $0
Other Expenses $945,710
TOTAL EXPENSES $1,305,332

Year-over-Year Comparison

2024 2023 Change
Revenue $1,655,524 $1,617,366 +0.0%
Expenses $1,305,332 $1,230,740 +0.1%
Net Income $350,192 $386,626 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
7
Employees
5
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
$128,021
Total Directors
8
$128,021
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN OLSEN PRESIDENT 1.00
Officer Director
$0 $0 $0
DWIGHT NELSON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JIM MCDANIEL TREASURER 1.00
Officer Director
$0 $0 $0
JUDY HALL TRUSTEE 1.00
Director
$0 $0 $0
ROBERT HALLENBECK TRUSTEE 1.00
Director
$0 $0 $0
NATE BENJAMIN TRUSTEE 1.00
Director
$0 $0 $0
JANELLE MACDICKEN MANAGER AND SECRETARY 40.00
Officer Director
$112,500 $15,521 $128,021
JASON BOWEN TRUSTEE 1.00
Director
$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
2024 $1,655,524 $1,305,332 $11,310,186 $350,192
2023 $1,617,366 $1,230,740 $11,308,142 $386,626
2022 $1,427,392 $1,113,530 $11,072,062 $313,862
2021 $2,220,952 $1,130,828 $11,147,238 $1,090,124
2020 $2,250,240 $1,014,301 $9,996,842 $1,235,939
2019 $1,673,721 $922,400 $8,874,752 $751,321
2018 $1,205,856 $811,106 $8,009,662 $394,750
Explore More Nonprofits
→Top 100 Nonprofits in Washington →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare ROOSEVELT WATER ASSOCIATION INC with other nonprofits in Washington and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.