Civic Intelligence

Eastsound Water Users Association

990 • Fiscal year 2018 • EIN 91-6055851

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 08, 2019

PO Box 115Eastsound, WA 98245

(360) 376-2127

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.03x

Higher debt load relative to assets than 14% of similar nonprofits.

2018 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

16th percentile

0.15x

Higher debt load relative to revenue than 16% of similar nonprofits.

2018 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2018

Net Margin

88th percentile

25%

Higher net margin than 88% of similar nonprofits.

2018 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

82nd percentile

$87,090

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2018 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2018

Asset Growth

77th percentile

5.7%

Faster asset growth than 77% of similar nonprofits.

2018 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

10th percentile

-17%

Faster revenue growth than 10% of similar nonprofits.

2018 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$5,823,552

Up $315,821 (+5.7%) from 2017

Net Assets

Up

$5,648,658

Up $236,223 (+4.4%) from 2017

Liabilities

Up

$174,894

Up $79,598 (+84%) from 2017

Revenue

Down

$1,158,917

Down $238,246 (-17%) from 2017

Expenses

Down

$874,395

Down $114,710 (-12%) from 2017

Net Income

Down

$284,522

Down $123,536 (-30%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $4,935,720Liabilities 2011: $27,805Net Assets 2011: $4,907,9152011Assets 2012: $4,782,496Liabilities 2012: $23,578Net Assets 2012: $4,758,9182012Assets 2013: $4,764,828Liabilities 2013: $35,508Net Assets 2013: $4,729,3202013Assets 2014: $4,788,222Liabilities 2014: $24,500Net Assets 2014: $4,763,7222014Assets 2015: $5,137,162Liabilities 2015: $57,587Net Assets 2015: $5,079,5752015Assets 2016: $5,106,530Liabilities 2016: $77,153Net Assets 2016: $5,029,3772016Assets 2017: $5,507,731Liabilities 2017: $95,296Net Assets 2017: $5,412,4352017Assets 2018: $5,823,552Liabilities 2018: $174,894Net Assets 2018: $5,648,6582018Assets 2019: $6,331,307Liabilities 2019: $159,431Net Assets 2019: $6,171,8762019Assets 2020: $6,568,389Liabilities 2020: $134,119Net Assets 2020: $6,434,2702020Assets 2021: $6,986,615Liabilities 2021: $110,495Net Assets 2021: $6,876,1202021Assets 2022: $7,412,985Liabilities 2022: $294,969Net Assets 2022: $7,118,0162022Assets 2023: $7,785,340Liabilities 2023: $95,926Net Assets 2023: $7,689,4142023Assets 2024: $7,854,498Liabilities 2024: $428,789Net Assets 2024: $7,425,7092024

Highlighted filing

2018

Assets$5,823,552
Liabilities$174,894
Net Assets$5,648,658

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $875,496Expenses 2011: $869,426Net Income 2011: $6,0702011Expenses 2012: $953,8442012Revenue 2013: $919,876Expenses 2013: $1,025,140Net Income 2013: -$105,2642013Revenue 2014: $1,002,858Expenses 2014: $969,456Net Income 2014: $33,4022014Revenue 2015: $1,256,502Expenses 2015: $940,649Net Income 2015: $315,8532015Revenue 2016: $1,129,153Expenses 2016: $1,154,351Net Income 2016: -$25,1982016Revenue 2017: $1,397,163Expenses 2017: $989,105Net Income 2017: $408,0582017Revenue 2018: $1,158,917Expenses 2018: $874,395Net Income 2018: $284,5222018Revenue 2019: $1,596,708Expenses 2019: $1,095,730Net Income 2019: $500,9782019Revenue 2020: $1,439,460Expenses 2020: $1,439,460Net Income 2020: $02020Revenue 2021: $1,597,878Expenses 2021: $1,557,371Net Income 2021: $40,5072021Revenue 2022: $1,925,229Expenses 2022: $1,925,229Net Income 2022: $02022Revenue 2023: $2,402,231Expenses 2023: $2,402,231Net Income 2023: $02023Revenue 2024: $2,472,270Expenses 2024: $2,472,270Net Income 2024: $02024

Highlighted filing

2018

Revenue$1,158,917
Expenses$874,395
Net Income$284,522
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 8, 2019
Return Version
2018v3.1
Gross Receipts
$1,158,917
Mission and Program Overview

Mission

Eastsound water users association is a service oriented association whose goal is to utilize available resourses to insurethat an adequate and consistent supply of safe and palatable water is provided to its members

Eastsound water users association is a service oriented association whose goal is to utilize available resources to insure that an adequate and consistent supply of safe and palatable water is provided to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$5,412,435$5,648,658▲ $236,223
Land, Buildings, and Equipment, Net$3,365,405$3,324,206▼ $41,199
Cash and Non-Interest-Bearing Accounts$550,854$821,604▲ $270,750
Accounts Receivable$226,775$131,522▼ $95,253
Inventories for Sale or Use$48,793$48,793→ $0
Savings and Temporary Cash Investments$32,903$33,219▲ $316
Prepaid Expenses and Deferred Charges$12,128$19,139▲ $7,011
Intangible Assets$936--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$5,507,731$5,823,552▲ $315,821
Other Assets Total$1,269,937$1,445,069▲ $175,132
Liabilities
Other Liabilities$75,001$95,789▲ $20,788
Mortgage Notes Payable Secured by Investment Property-$77,932-
Accounts Payable and Accrued Expenses$20,295$1,173▼ $19,122
Total Liabilities$95,296$174,894▲ $79,598
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,412,435$5,648,658▲ $236,223
Total Liabilities and Net Assets / Fund Balance$5,507,731$5,823,552▲ $315,821

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,091,366$1,730,101$3,821,467
Land$1,025,253-$1,025,253
Other Land Buildings$195,801$551,378$747,179
Equipment$11,786$181,943$193,729
Other Assets Org$59,693--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Paul J KaminGeneral ManagerFT$87,090$87,090

Board Members and Trustees

NameTitle
Clyde DukePresident
Dan VekvedDirector
James NelsonDirector
Patrick SheplerDirector
Steve MillerDirector
Joseph CohenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,099,375
Investment Income
$31
Other Revenue
$59,511
Change in Net Assets
$284,522
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$475,312
Other Expenses$399,083
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$212,020$83,642-$295,662
Depreciation Depletion$88,414$4,735-$93,149
Current Officers, Directors, Trustees, and Key Employees$69,672$17,418-$87,090
Other Employee Benefits-$41,603-$41,603
All Other Expenses$19,723$15,695-$35,418
Payroll Taxes-$30,025-$30,025
Information Technology-$24,789-$24,789
Pension Plan Contributions-$20,932-$20,932
Office Expenses-$20,784-$20,784
Other Expenses$19,939--$19,939
Insurance-$19,214-$19,214
Fees for Services Accounting-$12,773-$12,773
Fees for Services Other$3,805$6,846-$10,651
Interest-$4,884-$4,884
Travel-$2,591-$2,591
Conferences and Meetings-$982-$982
Fees for Services Legal-$165-$165
Total Functional Expenses$567,317$307,078$0$874,395
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Reserve - Pipe Replacement$100,001
Payroll Iabilities$9,592
Credit Cards$6,875
Sales Tax Payable$5,286
Direct Deposit Liabilities$-25,965
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

See Schedule O

Form 990, Part VI, Section A, line 7A

See Schedule O

Form 990, Part VI, Section A, line 8B

See Schedule O

Form 990, Part VI, Section B, line 11B

See Schedule O

Form 990, Part VI, Section C, line 19

See Schedule O

Filing and Contact Details

Filer

Filer Name
Eastsound Water Users Association
EIN
91-6055851
Phone
3603762127
Address
PO Box 115, Eastsound, WA 98245

Signing Officer

Name
Paul Kamin
Title
General Manager
Phone
3603762127
Signed
2019-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Kamin
Formed
1955
Legal Domicile
Wa
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Fiducial Business Centers Inc
Address
1016 South 3rd Street, Mt Vernon, WA 98273
Preparer
Dona M Shimer
Phone
3604244000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Removal of obsolete assets, reclassification/consolidation of net assets -48,299.

Raw XML AppendixShowing 400 of 404 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYRevenuesLessExpensesAmt0408058
IRS990/PYSalariesCompEmpBnftPaidAmt0535296
IRS990/PYTotalExpensesAmt0989105
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01397163
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0284522
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01158886
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05412435
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05648658
IRS990/SavingsAndTempCashInvstGrp/BOYAmt032903
IRS990/SavingsAndTempCashInvstGrp/EOYAmt033219
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02091366
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01730101
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03821467
IRS990ScheduleD/EquipmentGrp/BookValueAmt011786
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0181943
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0193729
IRS990ScheduleD/LandGrp/BookValueAmt01025253
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01025253
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01385376
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt159693
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Projects in Process
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Water Service, Late Fee, and Other Receivables
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0195801
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0551378
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0747179
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0100001
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16875
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2-25965
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt35286
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt49592
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Reserve - Pipe Replacement
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Credit Cards
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Direct Deposit Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Sales Tax Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Payroll Iabilities
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03324206
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01445069
IRS990ScheduleD/TotalLiabilityAmt095789
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0See Schedule O
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1See Schedule O
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2See Schedule O
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3See Schedule O
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4See Schedule O
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Removal of obsolete assets, reclassification/consolidation of net assets -48,299.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, line 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05507731
IRS990/TotalAssetsEOYAmt05823552
IRS990/TotalAssetsGrp/BOYAmt05507731
IRS990/TotalAssetsGrp/EOYAmt05823552
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0307078
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0567317
IRS990/TotalFunctionalExpensesGrp/TotalAmt0874395
IRS990/TotalGrossUBIAmt031
IRS990/TotalLiabilitiesBOYAmt095296
IRS990/TotalLiabilitiesEOYAmt0174894
IRS990/TotalLiabilitiesGrp/BOYAmt095296
IRS990/TotalLiabilitiesGrp/EOYAmt0174894
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05412435
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05648658
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0567317
IRS990/TotalProgramServiceRevenueAmt01099375
IRS990/TotalReportableCompFromOrgAmt087090
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01158886
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01158917
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt031
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05507731
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05823552
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02591
IRS990/TravelGrp/TotalAmt02591
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 115
IRS990/USAddress/CityNm0Eastsound
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098245
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0https://eastsoundwater.org/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Paul Kamin
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0General Manager
ReturnHeader/BusinessOfficerGrp/PhoneNum03603762127
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Eastsound Water Users Association
ReturnHeader/Filer/BusinessNameControlTxt0EAST
ReturnHeader/Filer/EIN0916055851
ReturnHeader/Filer/PhoneNum03603762127
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 115
ReturnHeader/Filer/USAddress/CityNm0Eastsound
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098245
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0829CFAD61BE1472F5C9783C6C5344F7F92BC6B75
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06C9B1A35775087DBDB8A6D25ECA509C7F6C27838
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0205.234.114.17
ReturnHeader/FilingSecurityInformation/IPDt02019-11-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm016:25:59
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0134096443
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Fiducial Business Centers Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01016 South 3rd Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Mt Vernon
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098273
ReturnHeader/PreparerPersonGrp/PhoneNum03604244000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Dona M Shimer
ReturnHeader/ReturnTs02019-11-08T16:27:18-06:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.85$0.43$7.43$2.47$2.47$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.79$0.10$7.69$2.40$2.40$0.00
2022Detailed filing. Detailed filing data is available for this year.$7.41$0.29$7.12$1.93$1.93$0.00
2021Detailed filing. Detailed filing data is available for this year.$6.99$0.11$6.88$1.60$1.56$0.04
2020Detailed filing. Detailed filing data is available for this year.$6.57$0.13$6.43$1.44$1.44$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.33$0.16$6.17$1.60$1.10$0.50
2018Detailed filing. Detailed filing data is available for this year.$5.82$0.17$5.65$1.16$0.87$0.28
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.51$0.10$5.41$1.40$0.99$0.41
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.11$0.08$5.03$1.13$1.15$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.14$0.06$5.08$1.26$0.94$0.32
2014Detailed filing. Detailed filing data is available for this year.$4.79$0.02$4.76$1.00$0.97$0.03
2013Detailed filing. Detailed filing data is available for this year.$4.76$0.04$4.73$0.92$1.03$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.78$0.02$4.76$0.95
2011Summary only. Only limited summary data is available for this year.$4.94$0.03$4.91$0.88$0.87$0.01