SHORE ACRES WATER COMPANY

EIN: 916058384

GIG HARBOR, WA

Total Revenue
$249,043
Total Expenses
$402,872
Total Assets
$295,814
Net Assets
$295,814
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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
WA
Principal Officer
TIM TOERBER
Phone
8884576459
Tax Period
2025-01-01 to 2025-12-31

SHORE ACRES WATER COMPANY, founded in 1946, is a small nonprofit that reported $249K in total revenue in fiscal year 2025. Expenses of $403K exceeded revenue, resulting in a 62% operating deficit.

Mission

WATER DISTRIBUTION

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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 $243,327
Investment Income $5,716
Other Revenue $0
TOTAL REVENUE $249,043

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $402,872
Other Expenses $402,872
TOTAL EXPENSES $402,872

Year-over-Year Comparison

2025 2024 Change
Revenue $249,043 $232,263 +0.1%
Expenses $402,872 $220,691 +0.8%
Net Income $-153,829 $11,572 -14.3%
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
5
Independent Members
N/A
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM TOERBER PRESIDENT 1.00
Officer
$0 $0 $0
BRIAN REEDER SECRETARY/TREASURER 1.00
Officer
$0 $0 $0
CRAIG BALDWIN VICE PRESIDENT 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 $249,043 $402,872 $295,814 $-153,829
2024 $232,263 $220,691 $449,643 $11,572
2023 $248,318 $229,373 $438,071 $18,945
2022 $215,761 $207,153 $419,126 $8,608
2021 $239,699 $236,033 $410,518 $3,666
2020 $229,426 $184,919 $406,852 $44,507
2019 $222,583 $233,090 $362,345 $-10,507
2018 $222,376 $229,154 $372,852 $-6,778
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