CAMANO WATER ASSOCIATION (EIN 916049403) - 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

1952

Principal Officer

PETER TURNER

Phone

3603879136

Tax Period

2023-01-01 to 2023-12-31

CAMANO WATER ASSOCIATION, founded in 1952, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $551K, a strong 38% operating margin.

Mission

CAMANO WATER ASSOCIATION PROVIDES MEMBERS WITH AMPLE, GOOD QUALITY, DOMESTIC WATER AT A REASONABLE COST.

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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 $1,407,090

Investment Income $35,349

Other Revenue $0

TOTAL REVENUE $1,442,439

Expense Breakdown

Grants Paid $0

Salaries & Benefits $424,890

Fundraising Expenses $0

Program Expenses $646,221

Other Expenses $466,209

TOTAL EXPENSES $891,099

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,442,439	$1,333,025	+0.1%
Expenses	$891,099	$886,918	+0.0%
Net Income	$551,340	$446,107	+0.2%

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

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

$3,578

Total Directors

$3,578

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER TURNER	TREASURER	30.00	Officer Director	$3,578	$0	$3,578
RON COOPER	PRESIDENT	2.00	Officer Director	$0	$0	$0
GAEL FISK	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JOHN HALE	SECRETARY	2.00	Officer Director	$0	$0	$0
JAN NEWTON	DIRECTOR	2.00	Director	$0	$0	$0
CLAY WALLACE	TREASURER (F	2.00	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
2024	No data	No data	No data	No data
2023	$1,442,439	$891,099	$6,153,766	$551,340
2022	$1,333,025	$886,918	$5,625,980	$446,107
2021	$1,402,788	$876,550	$5,180,124	$526,238
2020	$1,304,493	$896,408	$4,610,907	$408,085
2019	$1,218,511	$821,884	$4,184,402	$396,627
2018	$1,166,347	$707,176	$3,750,042	$459,171

CAMANO WATER ASSOCIATION