OKLAHOMA RURAL WATER ASSOCIATION (EIN 237329973) - 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

1970

Legal Domicile

Principal Officer

JIMMY SEAGO

Phone

4056728925

Tax Period

2023-08-01 to 2024-07-31

OKLAHOMA RURAL WATER ASSOCIATION, founded in 1970, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $1.4M, a strong 20% operating margin.

Mission

TO ENHANCE THE QUALITY OF LIFE IN RURAL OKLAHOMA THROUGH THE DEVELOPMENT AND DELIVERY OF SERVICES AND PROGRAMS FOR THE BENEFIT OF ORWA MEMBERS AND THE RURAL PEOPLE THEY SERVE.

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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 $1,314,666

Program Service Revenue $5,127,342

Investment Income $284,888

Other Revenue $17,421

TOTAL REVENUE $6,744,317

Expense Breakdown

Grants Paid $10,600

Salaries & Benefits $2,604,522

Fundraising Expenses $0

Program Expenses $4,780,684

Other Expenses $2,759,988

TOTAL EXPENSES $5,375,110

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,744,317	$7,532,029	-0.1%
Expenses	$5,375,110	$5,739,470	-0.1%
Net Income	$1,369,207	$1,792,559	-0.2%

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

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

$365,956

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BRITTON	DIRECTOR	1.00	Director	$0	$0	$0
DARREN HUGHES	TREASURER	1.00	Officer Director	$0	$0	$0
MELVIN LAWSON	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MCINTOSH	DIRECTOR	1.00	Director	$0	$0	$0
RICK BOONE	DIRECTOR	1.00	Director	$0	$0	$0
JERRY GAMMILL	DIRECTOR	1.00	Director	$0	$0	$0
GARY MCGUIRE	DIRECTOR	1.00	Director	$0	$0	$0
ARVIL MORGAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
LARRY BOGGES	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS MEYERS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KENNY LOVETT	DIRECTOR	1.00	Director	$0	$0	$0
DARRELL WOOTTON	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY FRIEND	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MOORE	DIRECTOR	1.00	Director	$0	$0	$0
SHELDON TATUM	SECRETARY	1.00	Officer Director	$0	$0	$0
TOM WHITAKER	DIRECTOR	1.00	Director	$0	$0	$0
TODD RAY	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY SEAGO	CEO	40.00	Officer	$170,795	$22,850	$193,645
CARLY CORDELL	DEPUTY CEO	40.00	Officer	$152,875	$19,436	$172,311
BRANDON BOWMAN	STATE PROGRAMS DIRECTOR	40.00	Highest	$105,086	$3,495	$108,581

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	$6,744,317	$5,375,110	$8,725,598	$1,369,207
2023	$7,532,029	$5,739,470	$7,426,907	$1,792,559
2022	$6,535,477	$5,595,531	$6,648,408	$939,946
2021	$4,941,882	$4,920,377	$5,870,301	$21,505
2020	$3,563,007	$3,775,096	$5,391,348	$-212,089
2019	$3,327,415	$3,297,194	$4,617,644	$30,221
2018	$2,712,126	$2,834,586	$4,516,325	$-122,460

OKLAHOMA RURAL WATER ASSOCIATION