EAST WASHINGTON RURAL WATER CORPORATION

EIN: 351145246 Mutual Benefit

SALEM, IN

Total Revenue
$2,638,613
Total Expenses
$1,994,670
Total Assets
$10,016,680
Net Assets
$5,035,198
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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
IN
Principal Officer
TIM BRANAMAN
Phone
8128836429
Tax Period
2023-01-01 to 2023-12-31

EAST WASHINGTON RURAL WATER CORPORATION, founded in 1967, is a community nonprofit in the Mutual Benefit sector that reported $2.6M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $644K, a strong 24% operating margin.

Mission

RURAL WATER COOPERATIVE

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,504,267
Investment Income $134,346
Other Revenue $0
TOTAL REVENUE $2,638,613

Expense Breakdown

Grants Paid $0
Salaries & Benefits $464,736
Fundraising Expenses $0
Other Expenses $1,529,934
TOTAL EXPENSES $1,994,670

Year-over-Year Comparison

2023 2022 Change
Revenue $2,638,613 $2,349,498 +0.1%
Expenses $1,994,670 $1,882,963 +0.1%
Net Income $643,943 $466,535 +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

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Governance

Voting Members
11
Independent Members
11
Employees
5
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
1
$111,499
Total Directors
11
$20,350
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS BOULET SUPERINTENDENT 40.00
Officer
$101,800 $9,699 $111,499
JEFF FEIST PRESIDENT 0.50
Director
$2,850 $0 $2,850
TIM BRANAMAN VICE-PRESIDENT 0.50
Director
$2,625 $0 $2,625
CHRIS FORDYCE TREASURER 0.50
Director
$2,850 $0 $2,850
SHARON STAHL SECRETARY 0.50
Director
$2,175 $0 $2,175
NICK PURKHISER DIRECTOR 0.50
Director
$1,350 $0 $1,350
KADEN KARMIRE DIRECTOR 0.50
Director
$1,950 $0 $1,950
KEVIN LEWELLEN DIRECTOR 0.50
Director
$1,950 $0 $1,950
KEITH SPAULDING DIRECTOR 0.50
Director
$1,800 $0 $1,800
STEVIE MOTSINGER DIRECTOR 0.50
Director
$1,450 $0 $1,450
MARK HARTMAN DIRECTOR 0.50
Director
$675 $0 $675
STEPHEN PURLEE DIRECTOR 0.50
Director
$675 $0 $675
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 No data No data No data No data
2024 No data No data No data No data
2023 $2,638,613 $1,994,670 $10,016,680 $643,943
2022 $2,349,498 $1,882,963 $9,243,519 $466,535
2021 $2,067,684 $1,699,251 $8,682,165 $368,433
2020 $2,064,115 $1,638,950 $7,806,355 $425,165
2019 $1,960,875 $1,584,798 $7,321,955 $376,077
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