ALLIANCE OF INDIANA RURAL WATER

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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

1981

Legal Domicile

Principal Officer

KRISTIN BEAN

Phone

3177894200

Tax Period

2023-01-01 to 2023-12-31

ALLIANCE OF INDIANA RURAL WATER, founded in 1981, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $2.8M left a modest 7% surplus.

Mission

TO EMPOWER INDIANA'S WATER AND WASTEWATER UTILITIES TO ENSURE SUSTAINABLE OPERATIONS AND RELIABLE ACCESS TO SAFE WATER FOR ALL COMMUNITIES.

Program Service Accomplishments

Program 1

RURAL DEVELOPMENT - WATER CIRCUIT RIDER PROGRAM LOGGED 1,360 HOURS ON-SITE WITH WATER SYSTEMS PROVIDING TECHNICAL ASSISTANCE. THOSE HOURS INCLUDED 918 TOTAL VISITS AT 401 UNIQUE SYSTEMS. THROUGH...

RURAL DEVELOPMENT - WATER CIRCUIT RIDER PROGRAM LOGGED 1,360 HOURS ON-SITE WITH WATER SYSTEMS PROVIDING TECHNICAL ASSISTANCE. THOSE HOURS INCLUDED 918 TOTAL VISITS AT 401 UNIQUE SYSTEMS. THROUGH THESE VISITS, ASSISTANCE WAS PROVIDED IN THE AREAS OF WATER LOSS, EMERGENCY RESPONSE PLANS, CONSUMER CONFIDENCE REPORTS, SAMPLING AND TESTING REQUIREMENTS, REPORTING REQUIREMENTS, FINANCIALS MANAGEMENT AND OTHER AREAS OF UTILITY MANAGEMENT.

Program 2

RURAL DEVELOPMENT - WASTEWATER TRAINING AND TECHNICAL ASSISTANCE PROGRAM LOGGED ON-1,008 ONSITE HOURS WITH SYSTEMS PROVIDING TECHNICAL ASSISTANCE. THOSE HOURS INCLUDED 499 VISITS ACROSS 280 UNIQUE...

RURAL DEVELOPMENT - WASTEWATER TRAINING AND TECHNICAL ASSISTANCE PROGRAM LOGGED ON-1,008 ONSITE HOURS WITH SYSTEMS PROVIDING TECHNICAL ASSISTANCE. THOSE HOURS INCLUDED 499 VISITS ACROSS 280 UNIQUE SYSTEMS. THROUGH THESE VISITS AND TRAININGS, ASSISTANCE WAS PROVIDED IN THE AREAS OF LAB TESTING AND REPORTING, PLANT PROCESSES, AND RULES AND REGULATIONS.

Program 3

ENVIRONMENTAL PROTECTION AGENCY - TRAINING AND TECHNICAL ASSISTANCE SPECIALIST GRANT LOGGED 322 HOURS OF ONSITE TECHNICAL ASSISTANCE AND 26 HOURS OF FORMAL TRAINING WAS CONDUCTED. ALSO CONDUCTED...

ENVIRONMENTAL PROTECTION AGENCY - TRAINING AND TECHNICAL ASSISTANCE SPECIALIST GRANT LOGGED 322 HOURS OF ONSITE TECHNICAL ASSISTANCE AND 26 HOURS OF FORMAL TRAINING WAS CONDUCTED. ALSO CONDUCTED WATER ASSET MANAGEMENT, AND EMERGENCY RESPONSE PLANNING.

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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 $1,816,124

Program Service Revenue $1,143,943

Investment Income $52,055

Other Revenue $3,300

TOTAL REVENUE $3,015,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,485,413

Fundraising Expenses $0

Other Expenses $1,311,451

TOTAL EXPENSES $2,796,864

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,015,422	$2,528,951	+0.2%
Expenses	$2,796,864	$2,223,038	+0.3%
Net Income	$218,558	$305,913	-0.3%

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

$107,243

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM DOERSAM	PRESIDENT	2.00	Officer Director	$0	$0	$0
ADAM SAMS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
PATTIE CAMPBELL	SECRETARY	2.00	Officer Director	$0	$0	$0
BRAD COLTER	TREASURER	2.00	Officer Director	$0	$0	$0
TOM SPEER	DIRECTOR	2.00	Director	$0	$0	$0
CATLYN HELMUTH	DIRECTOR	2.00	Director	$0	$0	$0
NANCY HARMON	DIRECTOR	2.00	Director	$0	$0	$0
JACKIE HILGARTNER	DIRECTOR	2.00	Director	$0	$0	$0
NATE BESSE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID HARVEY	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD BURCH	DIRECTOR	2.00	Director	$0	$0	$0
KRISTIN BEAN	EXECUTIVE DIRECTOR	40.00	Officer	$80,100	$27,143	$107,243

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	$3,015,422	$2,796,864	$2,871,553	$218,558
2022	$2,528,951	$2,223,038	$2,331,266	$305,913
2020	$1,606,497	$1,326,936	$1,736,518	$279,561