Animas - La Plata Operation Mainte… - Form 990 Financial Data

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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

2009

Legal Domicile

Principal Officer

Matt Holden

Phone

9703857140

Tax Period

2024-10-01 to 2025-09-30

Animas - La Plata Operation Maintenance and Replacement Association, founded in 2009, is a community nonprofit in the Environment sector that reported $2.4M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $708K, a strong 30% operating margin.

Mission

To protect, preserve, and operate all assets of the Animas-La Plata Project while capturing, storing, and releasing the Project water supply in the most efficient and cost effective manner for the members of the Association.

Program Service Accomplishments

Program 1

Expenses: $1,141,674 Revenue: $310,666

The purpose of the Association is to carry out the operation, maintenance, and replacement for the Animas-La Plata Project. The Animas-La Plata Project (ALP), located in southwestern Colorado and in northwestern New Mexico, was authorized by the Colorado River Basin Project Act of September 30, 1968 (Public Law 84-485). It provided for a multi-purpose project for municipal and industrial uses.

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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 $2,072,926

Program Service Revenue $4,145

Investment Income $318,254

Other Revenue $1,095

TOTAL REVENUE $2,396,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $846,252

Fundraising Expenses $0

Program Expenses $1,141,674

Other Expenses $841,898

TOTAL EXPENSES $1,688,150

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,396,420	$2,209,853	+0.1%
Expenses	$1,688,150	$1,786,541	-0.1%
Net Income	$708,270	$423,312	+0.7%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kirk Russell	Representative	2.00	Director	$0	$0	$0
Andrew Frost	Representative	2.00	Director	$0	$0	$0
Steve Dunn	Representative	2.00	Director	$0	$0	$0
Aaron Chavez	Representative	2.00	Director	$0	$0	$0
Tawnie Knight	Representative	2.00	Director	$0	$0	$0
Jason John	ExOfficio Treasurer/Representative	2.00	Officer Director	$0	$0	$0
Matt Holden	Chairman/Representative	2.00	Officer Director	$0	$0	$0
Russell Howard	General Mgr	40.00	Highest	$193,767	$7,238	$201,005

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
2025	$2,396,420	$1,688,150	$10,372,733	$708,270
2024	$2,209,853	$1,786,541	$9,781,340	$423,312
2023	$2,029,252	$1,692,555	$9,347,917	$336,697
2022	$1,768,050	$1,611,341	$8,867,254	$156,709
2021	$1,523,689	$1,493,949	$8,628,604	$29,740
2020	$1,879,355	$1,373,154	$8,320,549	$506,201
2019	$1,901,433	$1,620,144	$8,175,595	$281,289
2018	$1,883,917	$1,580,840	$7,973,332	$303,077

Animas - La Plata Operation Maintenance and Replacement Association