Camano Co-Operative Water & Power Company

Organization Overview

Camano Co-Operative Water & Power Company is located in Camano Island, WA. The organization was established in 1934. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 09/2023, Camano Co-Operative Water & Power Company employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Camano Co-Operative Water & Power Company is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 09/2023, Camano Co-Operative Water & Power Company generated $694.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $471.3k during the year ending 09/2023. While expenses have increased by 4.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION PROVIDES WATER SERVICE TO SHAREHOLDERS ON CAMANO ISLAND, INCLUDING WATER MAINTENANCE, WATER SUPPLY, AND WATER HOOK-UPS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDED QUALITY WATER AND SERVICES TO SHAREHOLDERS ON CAMANO ISLAND, INCLUDING WATER MAINTENANCE, WATER SUPPLY, AND WATER HOOK- UPS.


THE ORGANIZATION PROVIDED QUALITY WATER AND SERVICES TO SHAREHOLDERS ON CAMANO ISLAND, INCLUDING WATER MAINTENANCE, WATER SUPPLY, WATER HOOK-UPS AND STREET LIGHTING.


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Board, Officers & Key Employees

Name (title)Compensation
Virgil Fernandez
President
$2,140
Paul Weisse
Vice Preside
$2,320
Robert Boucher
Treasurer
$0
Chris Richards
Trustee
$4,080
Kevin King
Trustee
$1,780
Trent Lowe
Trustee
$760

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$685,286
Investment income $10,909
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,537
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $694,658

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