INDIANA RURAL WATER ASSOCIATION (EIN 351404696) - 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

1968

Legal Domicile

Principal Officer

LARRY MCINTOSH

Phone

8668954792

Tax Period

2019-01-01 to 2019-12-31

INDIANA RURAL WATER ASSOCIATION, founded in 1968, is a small nonprofit that reported $497K in total revenue in fiscal year 2019. Expenses of $611K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE EDUCATION AND TECHNICAL ASSISTANCE TO WATER AND WASTEWATER OPERATORS, UTLITY BOARDS, CLERKS, ELECTED OFFICIALS AND OTHERS IN INDIANA

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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 (2019)

Revenue Breakdown

Contributions & Grants $186,650

Program Service Revenue $296,276

Investment Income $15,151

Other Revenue $-667

TOTAL REVENUE $497,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $304,902

Fundraising Expenses $0

Program Expenses $416,154

Other Expenses $306,037

TOTAL EXPENSES $610,939

Year-over-Year Comparison

	2019	2018	Change
Revenue	$497,410	$482,445	+0.0%
Expenses	$610,939	$580,446	+0.1%
Net Income	$-113,529	$-98,001	+0.2%

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

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

$77,841

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY MCINTOSH	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN CRIDER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL SIMPSON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
ROB COGHILL	DIRECTOR	0.50	Director	$0	$0	$0
CHAD COLBY	DIRECTOR	0.50	Director	$0	$0	$0
TROY ELLESS	DIRECTOR	0.50	Director	$0	$0	$0
NEAL MCKEE	DIRECTOR	0.50	Director	$0	$0	$0
JIM WILLIAMS	DIRECTOR	0.50	Director	$0	$0	$0
TIM HILL	DIRECTOR	0.50	Director	$0	$0	$0
DAVE MUMBOWER	DIRECTOR	0.50	Director	$0	$0	$0
MONIQUE RIGGS	EXECUTIVE DIRECTOR	40.00	Officer	$77,841	$0	$77,841

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
2019	$497,410	$610,939	$567,930	$-113,529
2018	$482,445	$580,446	$640,170	$-98,001

INDIANA RURAL WATER ASSOCIATION