NORTHWEST WATER ASSOCIATION

EIN: 916054894

BELLINGHAM, WA

Total Revenue
$158,561
Total Expenses
$126,323
Total Assets
$680,090
Net Assets
$680,090
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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
1953
Legal Domicile
WA
Principal Officer
Corey Frasier
Phone
3604537447
Tax Period
2025-01-01 to 2025-12-31

NORTHWEST WATER ASSOCIATION, founded in 1953, is a small nonprofit that reported $159K in total revenue in fiscal year 2025. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $32K, a strong 20% operating margin.

Mission

DELIVER WATER TO SHAREHOLDERS OF ASSOCIATION OF HOMEOWNERS

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,263
Other Revenue $157,298
TOTAL REVENUE $158,561

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $126,323
TOTAL EXPENSES $126,323

Year-over-Year Comparison

2025 2024 Change
Revenue $158,561 $173,728 -0.1%
Expenses $126,323 $111,593 +0.1%
Net Income $32,238 $62,135 -0.5%
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
4
Independent Members
4
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Corey Frasier President 0.00
Officer Director
$0 $0 $0
Aaron Peterson Vice President 0.00
Officer Director
$0 $0 $0
Josh Wiederhold Secretary 0.00
Officer Director
$0 $0 $0
Lyle Patterson Treasurer 0.00
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 $158,561 $126,323 $680,090 $32,238
2024 $173,728 $111,593 $641,991 $62,135
2023 $138,141 $183,867 $597,382 $-45,726
2022 $129,269 $176,810 $662,471 $-47,541
2021 $121,269 $100,206 $724,704 $21,063
2020 $96,798 $113,903 $722,052 $-17,105
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