BROWN COUNTY RURAL WATER ASSOCIATION INC (EIN 237203919) - 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

1972

Legal Domicile

Principal Officer

LOWELL ALLEN

Phone

9373754106

Tax Period

2023-01-01 to 2023-12-31

BROWN COUNTY RURAL WATER ASSOCIATION INC, founded in 1972, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.4M, a strong 21% operating margin.

Mission

TO PROVIDE WATER TO CUSTOMERS IN RURAL AREAS OF SOUTHERN OHIO.

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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 $484,223

Program Service Revenue $5,860,007

Investment Income $134,376

Other Revenue $229,190

TOTAL REVENUE $6,707,796

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,458,014

Fundraising Expenses $0

Other Expenses $2,834,011

TOTAL EXPENSES $5,292,025

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,707,796	$5,697,317	+0.2%
Expenses	$5,292,025	$5,395,078	0.0%
Net Income	$1,415,771	$302,239	+3.7%

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

$80,550

Total Directors

$119,450

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN SARBACH	GENERAL MANA	40.00		$128,300	$0	$128,300
LOWELL ALLEN	PRESIDENT	8.00	Officer Director	$36,550	$0	$36,550
KEN MORRISON	SECRETARY/TR	8.00	Officer Director	$22,850	$0	$22,850
JAMES BRIDGES	VICE PRESIDE	8.00	Officer Director	$21,150	$0	$21,150
JOSEPH KOVACH	BOARD MEMBER	2.00	Director	$7,250	$0	$7,250
STEPHEN ROCKEY	BOARD MEMBER	2.00	Director	$6,650	$0	$6,650
JEFFREY CLUXTON	BOARD MEMBER	2.00	Director	$6,500	$0	$6,500
TIM WOOD	BOARD MEMBER	2.00	Director	$6,500	$0	$6,500
FRANK FUSSNECKER	BOARD MEMBER	2.00	Director	$6,000	$0	$6,000
BONNIE KRESS	BOARD MEMBER	2.00	Director	$6,000	$0	$6,000

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	$6,707,796	$5,292,025	$26,128,589	$1,415,771
2022	$5,697,317	$5,395,078	$23,161,210	$302,239
2021	$5,910,422	$4,875,088	$23,379,885	$1,035,334
2020	$5,179,843	$5,125,065	$23,370,969	$54,778
2019	$5,097,322	$5,021,611	$23,574,147	$75,711
2018	$5,011,116	$4,975,538	$24,083,216	$35,578

BROWN COUNTY RURAL WATER ASSOCIATION INC