IRELAND UTILITIES INC

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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

1967

Legal Domicile

Principal Officer

ANDREW HULSMAN

Phone

8124822015

Tax Period

2024-01-01 to 2024-12-31

IRELAND UTILITIES INC, founded in 1967, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 11% surplus.

Mission

TO PROVIDE DRINKABLE WATER TO THE ORGANIZATION MEMBERSHIP AND FIRE PROTECTION FOR THE SURROUNDING AREA

Program Service Accomplishments

Program 1

TO PROVIDE DRINKABLE WATER TO THE ORGANIZATION MEMBERSHIP AND PROVIDE FIRE PROTECTION TO THE SURROUNDING AREA

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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 $900

Program Service Revenue $1,166,388

Investment Income $197

Other Revenue $18,295

TOTAL REVENUE $1,185,780

Expense Breakdown

Grants Paid $300

Salaries & Benefits $144,123

Fundraising Expenses $0

Other Expenses $908,391

TOTAL EXPENSES $1,052,814

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,185,780	$1,130,452	+0.0%
Expenses	$1,052,814	$920,296	+0.1%
Net Income	$132,966	$210,156	-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

$81,321

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM SANDER	HIGHEST COMP	40.00	Director	$61,646	$0	$61,646
ANDREW HULSMAN	PRESIDENT	1.00	Director	$3,750	$0	$3,750
KENNETH SCHNAUS	TREASURER	1.00	Director	$2,750	$0	$2,750
CHRISTOPHER HOPF	DIRECTOR	1.00	Director	$2,200	$0	$2,200
RANDY MEHRINGER	DIRECTOR	1.00	Director	$1,950	$0	$1,950
MATT BUELTEL	DIRECTOR	1.00	Director	$1,850	$0	$1,850
GENE HOPF	DIRECTOR	1.00	Director	$1,850	$0	$1,850
TOM ERNY	DIRECTOR	1.00	Director	$1,775	$0	$1,775
ERIC KNIES	DIRECTOR	1.00	Director	$1,775	$0	$1,775
STAN SCHNAUS	DIRECTOR	1.00	Director	$1,775	$0	$1,775

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	$1,185,780	$1,052,814	$5,860,631	$132,966
2023	$1,130,452	$920,296	$5,866,860	$210,156
2022	$651,309	$446,787	$5,212,462	$204,522
2021	$648,348	$471,511	$5,191,860	$176,837
2020	$661,308	$439,537	$4,735,737	$221,771