Rural Water District 5 (EIN 237128808) - 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

1965

Legal Domicile

Phone

9184265555

Tax Period

2022-10-01 to 2023-09-30

Rural Water District 5, founded in 1965, is a small nonprofit that reported $972K in total revenue in fiscal year 2022. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $236K, a strong 24% operating margin.

Mission

Provide potable water

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $968,674

Investment Income $3,367

Other Revenue $0

TOTAL REVENUE $972,041

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,627

Fundraising Expenses $0

Other Expenses $589,401

TOTAL EXPENSES $736,028

Year-over-Year Comparison

	2022	2021	Change
Revenue	$972,041	$864,713	+0.1%
Expenses	$736,028	$767,343	0.0%
Net Income	$236,013	$97,370	+1.4%

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

Total Directors

Key Employees

$41,250

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rodney Briggs	Chairman	2.00	Officer Director	$0	$0	$0
Mark Jordan	Vice-Chairman	2.00	Director Key Emp	$0	$0	$0
Mark Cates	Secretary/Treasurer	2.00	Director Key Emp	$0	$0	$0
Wilie Virden	Member	2.00		$0	$0	$0
Melvin Crownover	Member	2.00		$0	$0	$0
David Clark	Manager	40.00	Key Emp Highest	$0	$0	$41,250

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
2023	$972,041	$736,028	$859,766	$236,013
2022	$864,713	$767,343	$644,671	$97,370
2021	$700,845	$782,055	$399,163	$-81,210
2020	$528,472	$586,097	$490,550	$-57,625
2019	$521,380	$522,899	$517,358	$-1,519
2018	$552,767	$530,818	$525,006	$21,949

Rural Water District 5