WEST SOUND WATER ASSOCIATION (EIN 911375933) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

JANET HORWITZ

Phone

3602981007

Tax Period

2024-09-01 to 2025-08-31

WEST SOUND WATER ASSOCIATION, founded in 1988, is a small nonprofit in the Public & Societal Benefit sector that reported $254K in total revenue in fiscal year 2024. Revenue surged 420% from the prior year, signaling strong growth momentum. The organization ran a surplus of $196K, a strong 77% operating margin.

Mission

TO OWN, MAINTAIN, IMPROVE AND OPERATE A COMMON DOMESTIC WATER PRODUCTION AND DISTRIBUTION SYSTEM FOR THE BENEFIT OF REAL PROPERTY OWNED BY MEMBERS OF THE ASSOCIATION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $253,580

Investment Income $688

Other Revenue $0

TOTAL REVENUE $254,268

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $43,815

Other Expenses $58,479

TOTAL EXPENSES $58,479

Year-over-Year Comparison

	2024	2023	Change
Revenue	$254,268	$48,870	+4.2%
Expenses	$58,479	$55,358	+0.1%
Net Income	$195,789	$-6,488	-31.2%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK ROSENBERG	PRESIDENT	6.00	Officer Director	$0	$0	$0
COLIN BADEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JANET HORWITZ	TREASURER	4.00	Officer Director	$0	$0	$0
NERIS PALUNAS	DIRECTOR	1.00	Director	$0	$0	$0
LYNN BAKER	SECRETARY	1.00	Officer 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
2025	$254,268	$58,479	$411,926	$195,789

WEST SOUND WATER ASSOCIATION