ARROWHEAD BEACH COOP WATER ASSOCIAT

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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

1946

Legal Domicile

Principal Officer

SEAN POWEL

Phone

3603877076

Tax Period

2024-05-01 to 2025-04-30

ARROWHEAD BEACH COOP WATER ASSOCIAT, founded in 1946, is a micro nonprofit that reported $92K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $149K exceeded revenue, resulting in a 62% operating deficit.

Mission

TO OPERATE AND MAINTAIN A DOMESTIC WATER SUPPLY AND DISTRIBUTION SYSTEM FURNISHING WATER TO ITS PRESENT AND FUTURE MEMBERS IN THE PLATS OF ARROWHEAD BEACH AND FIRST ADDITION TO ARROWHEAD BEACH, AS PER PLATS THEREOF RECORDED IN THE OFFICE OF THE AUDITOR OF ISLAND COUNTY, WASHINGTON, AND ADJACENT PARCELS R33218-406-4850 AND S6050-01-01000-2.

Program Service Accomplishments

Program 1

PROVIDING THE COMMUNITY DOMESTIC WATER SYSTEM FOR ARROWHEAD BEACH, INCLUDING THE SYSTEM OPERATION, MAINTENANCE AND IMPROVEMENTS. MAINTENANCE OF THE BOAT RAMP AND PARKING AREA. SETTING THE RATES...

PROVIDING THE COMMUNITY DOMESTIC WATER SYSTEM FOR ARROWHEAD BEACH, INCLUDING THE SYSTEM OPERATION, MAINTENANCE AND IMPROVEMENTS. MAINTENANCE OF THE BOAT RAMP AND PARKING AREA. SETTING THE RATES, FEES, REGULATIONS AND PENALTIES FOR THE WATER SYSTEM AND THE BOAT RAMP. ADMINISTRATION IS GOVERNED BY THE BYLAWS FOR THE ORGANIZATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $91,596

Program Service Revenue $0

Investment Income $340

Other Revenue $0

TOTAL REVENUE $91,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $148,951

TOTAL EXPENSES $148,951

Year-over-Year Comparison

	2024	2023	Change
Revenue	$91,936	$130,741	-0.3%
Expenses	$148,951	$163,722	-0.1%
Net Income	$-57,015	$-32,981	+0.7%

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
ANGELA HINTON	TREASURER	1.00	Officer	$0	$0	$0
NICK PEARSON	VICE PRESIDE	1.00	Officer	$0	$0	$0
SEAN POWEL	PRESIDENT	1.00	Officer	$0	$0	$0
ROSS ROBINSON	SECRETARY	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	$91,936	$148,951	$1,198,913	$-57,015
2024	$130,741	$163,722	$1,273,805	$-32,981
2023	$102,574	$139,919	$1,325,347	$-37,345
2022	$122,211	$91,627	$1,223,077	$30,584