RATHBUN REGIONAL WATER ASSOCIATION INC (EIN 237189705) - 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

1976

Legal Domicile

Principal Officer

RANDY EDDY

Phone

6416472416

Tax Period

2024-01-01 to 2024-12-31

RATHBUN REGIONAL WATER ASSOCIATION INC, founded in 1976, is a mid-sized nonprofit that reported $24.2M in total revenue in fiscal year 2024. Expenses of $21.5M left a modest 11% surplus.

Mission

TO PROVIDE WATER TO RESIDENTS AND COMMUNITIES IN SOUTH CENTRAL AND SOUTHEAST IOWA AS WELL AS TO PUBLIC WATER SUPPLY DISTRICTS AND COMMUNITIES IN NORTHERN MISSOURI.

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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 $869,700

Program Service Revenue $21,988,047

Investment Income $1,336,596

Other Revenue $0

TOTAL REVENUE $24,194,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,809,524

Fundraising Expenses $0

Other Expenses $14,720,495

TOTAL EXPENSES $21,530,019

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,194,343	$22,853,067	+0.1%
Expenses	$21,530,019	$19,860,499	+0.1%
Net Income	$2,664,324	$2,992,568	-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

$208,659

Total Directors

$30,902

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROD GLOSSER	CEO	40.00	Officer	$161,785	$35,265	$197,050
GARRY SCHILLER	DIRECTOR	3.00	Director	$5,514	$0	$5,514
CURT FRANK	DIRECTOR	3.00	Director	$5,125	$0	$5,125
CHARLA WARNER	DIRECTOR	3.00	Director	$5,082	$0	$5,082
DOUG GOBEN	SECRETARY/TR	3.00	Officer Director	$4,266	$0	$4,266
DENNIS AMOSS	VICE CHAIRMA	3.00	Officer Director	$3,869	$0	$3,869
KEN WUTHRICH	DIRECTOR	3.00	Director	$3,572	$0	$3,572
RANDY EDDY	CHAIRMAN	3.00	Officer Director	$3,474	$0	$3,474

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	$24,194,343	$21,530,019	$156,456,677	$2,664,324
2023	$22,853,067	$19,860,499	$150,145,781	$2,992,568
2022	$27,694,472	$18,894,486	$149,040,124	$8,799,986
2021	$19,524,917	$17,272,813	$143,535,509	$2,252,104
2020	$20,059,925	$17,583,529	$143,628,640	$2,476,396
2019	$18,575,111	$17,429,697	$143,261,649	$1,145,414
2018	$22,018,981	$16,495,854	$143,729,059	$5,523,127

RATHBUN REGIONAL WATER ASSOCIATION INC