TEXAS RURAL WATER ASSOCIATION

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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

1969

Legal Domicile

Principal Officer

Thomas Shephard

Phone

5124728591

Tax Period

2023-01-01 to 2023-12-31

TEXAS RURAL WATER ASSOCIATION, founded in 1969, is a community nonprofit that reported $8.2M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $7.6M left a modest 6% surplus.

Mission

TRWA is dedicated to helping rural water and wastewater utilities in Texas provide efficient service and clean, safe drinking water to their customers through on-site technical assistance, classroom and online training, publications, member support services, and representation in legislative processes.

Program Service Accomplishments

Program 1

Under the state contract program, approximately 900 on-site visits were made to public drinking water and wastewater utility systems in Texas to assess, assist, and improve the financial, managerial...

Program 2

Under the federal contract program, TRWA provided technical assistance and training to small public water and wastewater systems in Texas, making 2428 contacts with these systems.

Program 3

TRWA's professional training and development program trained more than 1400 students during 94 classroom training sessions held in 2022, and trained approximately 6000 students by means of...

TRWA's professional training and development program trained more than 1400 students during 94 classroom training sessions held in 2022, and trained approximately 6000 students by means of internet-based training courses. Students taking classes are professional water operators that are required by state agencies to have continuing education to qualify for and maintain licenses to operate public water and wastewater systems.

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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 $5,243,333

Program Service Revenue $2,678,565

Investment Income $184,819

Other Revenue $55,084

TOTAL REVENUE $8,161,801

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,158,134

Fundraising Expenses $0

Program Expenses $0

Other Expenses $3,483,485

TOTAL EXPENSES $7,641,619

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,161,801	$7,009,299	+0.2%
Expenses	$7,641,619	$6,753,332	+0.1%
Net Income	$520,182	$255,967	+1.0%

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

$349,428

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lara Zent	Executive Director & General Counsel	50	Officer	$280,036	$69,392	$349,428
Jason Knobloch	Deputy Executive Director	50	Highest	$157,223	$45,216	$202,439
Thomas Shephard	Finance Director	50	Highest	$127,718	$41,849	$169,567
Mary Alice McKaughan	Assistant General Counsel	50	Highest	$138,680	$28,123	$166,803
Larry Bell	Technical Assistance Director	50	Highest	$121,121	$39,391	$160,512
Nichol Everingham	Development & Training Director	50	Highest	$119,735	$34,761	$154,496
Robert Nettles	Board President	2	Director	$0	$0	$0
Mark Gardenhire	Board Vice-President	2	Director	$0	$0	$0
Steve Adams	Board Secretary	2	Director	$0	$0	$0
Allen Knight	Board Treasurer	2	Director	$0	$0	$0
Bruce Alexander	Director	2	Director	$0	$0	$0
Dennis Donoho	Director	2	Director	$0	$0	$0
Roby Jekel	Director	2	Director	$0	$0	$0
Steven Sanchez	Director	2	Director	$0	$0	$0
Charles Beseda	Director	2	Director	$0	$0	$0
Carolyn Black	Director	2	Director	$0	$0	$0
Kyle Eppler	Director	2	Director	$0	$0	$0
Rachel Webb	Director	2	Director	$0	$0	$0
T Chad Wilson	Director	2	Director	$0	$0	$0
Matthew Barrett	Director	2	Director	$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
2024	No data	No data	No data	No data
2023	$8,161,801	$7,641,619	$7,545,735	$520,182
2022	$7,009,299	$6,753,332	$7,049,405	$255,967
2021	$6,774,519	$6,055,116	$6,862,352	$719,403
2020	$5,816,169	$5,135,458	$6,640,117	$680,711