RURAL MEMBERSHIP WATER CORPORATION OF CLARK CO (EIN 351082576) - 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

1961

Legal Domicile

Principal Officer

RICHARD M BELCHER

Phone

8122941481

Tax Period

2024-01-01 to 2024-12-31

RURAL MEMBERSHIP WATER CORPORATION OF CLARK CO, founded in 1961, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $774K, a strong 31% operating margin.

Mission

NOT FOR PROFIT WATER UTILITY PROVIDING POTABLE WATER TO AREA CUSTOMERS.

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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 $24,700

Program Service Revenue $2,460,612

Investment Income $13,666

Other Revenue $0

TOTAL REVENUE $2,498,978

Expense Breakdown

Grants Paid $0

Salaries & Benefits $197,520

Fundraising Expenses $0

Other Expenses $1,527,407

TOTAL EXPENSES $1,724,927

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,498,978	$2,268,259	+0.1%
Expenses	$1,724,927	$1,711,209	+0.0%
Net Income	$774,051	$557,050	+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
MIKE DAULTON	MEMBER	N/A	Director	$0	$0	$0
PERRY DICKSON	SEC/TREAS	N/A	Officer Director	$0	$0	$0
RICHARD M BELCHER	PRESIDENT	N/A	Officer Director	$0	$0	$0
DOUGLAS DUNLEVY	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JOHN DIETRICH	MEMBER	N/A	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	$2,498,978	$1,724,927	$12,350,543	$774,051
2023	$2,268,259	$1,711,209	$10,967,220	$557,050
2022	$2,083,747	$1,510,370	$10,333,975	$573,377
2021	$1,975,458	$1,368,295	$9,455,680	$607,163
2020	$1,865,485	$1,352,900	$9,497,497	$512,585
2019	$1,915,534	$1,443,829	$9,053,749	$471,705
2018	$1,639,016	$1,279,963	$8,241,610	$359,053

RURAL MEMBERSHIP WATER CORPORATION OF CLARK CO