MOUNTAIN VIEW WATER ASSOCIATION OF FERNDALE

EIN: 910827760 Mutual Benefit

FERNDALE, WA

Total Revenue
$101,642
Total Expenses
$119,592
Total Assets
$188,669
Net Assets
$188,669
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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
1966
Legal Domicile
WA
Principal Officer
MIKE OLINGER
Tax Period
2024-11-01 to 2025-10-31

MOUNTAIN VIEW WATER ASSOCIATION OF FERNDALE, founded in 1966, is a small nonprofit in the Mutual Benefit sector that reported $102K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $120K exceeded revenue, resulting in a 18% operating deficit.

Mission

DELIVERING WATER TO PROPERTY OWNERS IN AREA

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $82,731
Investment Income $3,744
Other Revenue $15,167
TOTAL REVENUE $101,642

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $119,592
Other Expenses $119,592
TOTAL EXPENSES $119,592

Year-over-Year Comparison

2024 2023 Change
Revenue $101,642 $192,525 -0.5%
Expenses $119,592 $86,297 +0.4%
Net Income $-17,950 $106,228 -1.2%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE OLINGER PRESIDENT 1.00
Officer
$0 $0 $0
TED GENGER VICE PRESIDENT 1.00
Officer
$0 $0 $0
MARY HANCOCK SECRETARYTREASURER 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 $101,642 $119,592 $188,669 $-17,950
2024 $192,525 $86,297 $206,619 $106,228
2023 $67,515 $112,471 $100,391 $-44,956
2022 $60,997 $40,972 $145,347 $20,025
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