EASTSOUND WATER USERS ASSOCIATION (EIN 916055851) - 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

1955

Legal Domicile

Principal Officer

DAN BURKE

Phone

3603762127

Tax Period

2023-01-01 to 2023-12-31

EASTSOUND WATER USERS ASSOCIATION, founded in 1955, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Net assets of $7.7M represent 38 months of operating reserves.

Mission

EASTSOUND WATER USERS ASSOCIATION IS A SERVICE ORIENTED ASSOCIATION WHOSE GOAL IS TO UTILIZE AVAILABLE RESOURCES TO ENSURE THAT AN ADEQUATE AND CONSISTENT SUPPLY OF SAFE AND PALATABLE WATER IS PROVIDED TO ITS MEMBERS.

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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 $2,375,006

Investment Income $0

Other Revenue $27,225

TOTAL REVENUE $2,402,231

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,046,564

Fundraising Expenses $0

Other Expenses $1,038,070

TOTAL EXPENSES $2,402,231

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,402,231	$1,925,229	+0.2%
Expenses	$2,402,231	$1,925,229	+0.2%
Net Income	$0	$0	N/A

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

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

$142,085

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLYDE DUKE	PRESIDENT	2.00	Officer Director	$0	$0	$0
JAMES NELSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOSEPH COHEN	SECRETARY	2.00	Officer Director	$0	$0	$0
SCOTT LANCASTER	TREASURER	1.00	Officer Director	$0	$0	$0
RICK CHRISTMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHALE CLEVELAND	BOARD MEMBER	1.00	Director	$0	$0	$0
RON CLAUS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE SMITH	BOARD MEMBER (THRU 6/23)	1.00	Director	$0	$0	$0
TENAR FREYA HALL	BOARD MEMBER (THRU 3/23)	1.00	Director	$0	$0	$0
DANIEL BURKE	GENERAL MANAGER	40.00	Officer	$137,477	$4,608	$142,085
JOEL MARQUARDT	WATERMAN	40.00	Highest	$118,992	$16,738	$135,730

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	$2,402,231	$2,402,231	$7,785,340	No data
2022	$1,925,229	$1,925,229	$7,412,985	No data
2021	$1,597,878	$1,557,371	$6,986,615	$40,507
2020	$1,439,460	$1,439,460	$6,568,389	No data
2019	$1,596,708	$1,095,730	$6,331,307	$500,978
2018	$1,158,917	$874,395	$5,823,552	$284,522

EASTSOUND WATER USERS ASSOCIATION