NEW YORK RURAL WATER ASSOCIATION INC (EIN 222257996) - 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

1979

Legal Domicile

Principal Officer

J ANDREW HERMAN

Phone

5188283155

Tax Period

2024-05-01 to 2025-04-30

NEW YORK RURAL WATER ASSOCIATION INC, founded in 1979, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2024. Expenses of $2.5M left a modest 14% surplus.

Mission

TRAINING AND ASSISTING RURAL WATER AND SEWER SYSTEM OPERATORS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,316,219

Program Service Revenue $501,119

Investment Income $113,028

Other Revenue $0

TOTAL REVENUE $2,930,366

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,543,374

Fundraising Expenses $0

Program Expenses $1,320,265

Other Expenses $976,846

TOTAL EXPENSES $2,520,220

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,930,366	$2,939,337	0.0%
Expenses	$2,520,220	$2,483,330	+0.0%
Net Income	$410,146	$456,007	-0.1%

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

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

$123,727

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW THORP SR	DIRECTOR	3.00	Director	$0	$0	$0
JOHN O'CONNELL III	DIRECTOR	3.00	Director	$0	$0	$0
PHIL BADMAN	PRESIDENT	3.00	Officer Director	$0	$0	$0
JERRY BARRON	DIRECTOR	3.00	Director	$0	$0	$0
BILL PICKETT	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
RICHI HORNE	SECTARY/TREASURER	3.00	Officer Director	$0	$0	$0
J ANDREW HERMAN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$102,650	$21,077	$123,727

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	$2,930,366	$2,520,220	$5,817,089	$410,146
2024	$2,939,337	$2,483,330	$5,280,266	$456,007
2023	$2,815,592	$2,408,590	$4,801,878	$407,002
2022	$2,430,923	$2,012,005	$4,491,129	$418,918
2021	$2,111,517	$1,716,581	$4,117,138	$394,936
2020	$1,919,768	$1,700,543	$3,604,898	$219,225
2019	$1,953,659	$1,646,879	$3,333,341	$306,780

NEW YORK RURAL WATER ASSOCIATION INC