West Virginia Rural Water Association Inc (EIN 311139841) - 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

1985

Legal Domicile

Principal Officer

Todd Grinstead

Phone

3042011689

Tax Period

2023-01-01 to 2023-12-31

West Virginia Rural Water Association Inc, founded in 1985, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $2.4M left a modest 6% surplus.

Mission

The organization provides training and technical assistance to water and wastewater utility providers throughout the State of West Virginia through a variety of programs.

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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 $2,301,655

Program Service Revenue $203,865

Investment Income $58

Other Revenue $0

TOTAL REVENUE $2,505,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,562,106

Fundraising Expenses $0

Program Expenses $1,956,698

Other Expenses $796,523

TOTAL EXPENSES $2,358,629

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,505,578	$2,095,068	+0.2%
Expenses	$2,358,629	$1,859,292	+0.3%
Net Income	$146,949	$235,776	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eric Bennett	President	6.00	Officer Director	$0	$0	$0
Brian Shade	Vice President	6.00	Officer Director	$0	$0	$0
Porter Robertson	Secretary/Treasurer	6.00	Officer Director	$0	$0	$0
Alan Haught	NRWA Director	6.00	Director	$0	$0	$0
Mary Seymour	Member	4.00	Director	$0	$0	$0
Jason Myers	Member	4.00	Director	$0	$0	$0
Valli Davis	Member	4.00	Director	$0	$0	$0
Dina Foster	Member	4.00	Director	$0	$0	$0
Michael McNulty	Member	4.00	Director	$0	$0	$0
Curtis Keller	Member	4.00	Director	$0	$0	$0
AJ Allen	Member	4.00	Director	$0	$0	$0
James Evers	Member	4.00	Director	$0	$0	$0
Barry Milam	Member	4.00	Director	$0	$0	$0

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	$2,505,578	$2,358,629	$2,045,078	$146,949
2022	$2,095,068	$1,859,292	$1,869,114	$235,776
2021	$1,642,750	$1,489,464	$1,682,028	$153,286
2020	$1,267,892	$1,337,469	$1,476,698	$-69,577

West Virginia Rural Water Association Inc