FOX ISLAND MUTUAL WATER ASSOCIATION (EIN 911031720) - 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

1978

Legal Domicile

Principal Officer

MIKE IRELAND

Phone

2535492671

Tax Period

2023-01-01 to 2023-12-31

FOX ISLAND MUTUAL WATER ASSOCIATION, founded in 1978, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $462K, a strong 45% operating margin.

Mission

TO PROVIDE WATER HOOKUPS AND SERVICE TO MEMBERS ON FOX ISLAND, WASHINGTON.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,031,906

Investment Income $2,646

Other Revenue $784

TOTAL REVENUE $1,035,336

Expense Breakdown

Grants Paid $0

Salaries & Benefits $328,003

Fundraising Expenses $0

Other Expenses $244,929

TOTAL EXPENSES $572,932

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,035,336	$906,318	+0.1%
Expenses	$572,932	$932,521	-0.4%
Net Income	$462,404	$-26,203	-18.6%

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

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

$195,659

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMO STREETER	PRESIDENT	1.00	Officer Director	$0	$0	$0
ARVID ANDERSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LLOYD WALKER III	SECRETARY	1.00	Officer Director	$0	$0	$0
JOEN WOLFROM	DIRECTOR	1.00	Director	$0	$0	$0
FRANK WRIGHT	TREASURER	1.00	Officer Director	$0	$0	$0
CARL GORDON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE IRELAND	OPERATIONS OFFICER	40.00	Officer	$146,637	$49,022	$195,659

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	No data	No data	No data	No data
2023	$1,035,336	$572,932	$4,178,901	$462,404
2022	$906,318	$932,521	$3,591,428	$-26,203
2021	$853,048	$690,954	$3,614,582	$162,094
2020	$887,697	$598,937	$3,462,538	$288,760
2019	$586,967	$521,425	$3,131,533	$65,542
2018	$630,825	$480,480	$3,061,034	$150,345

FOX ISLAND MUTUAL WATER ASSOCIATION