WEST PRAIRIE WATER COOPERATIVE (EIN 352236796) - 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

2007

Legal Domicile

Principal Officer

ANDY RIGGINS

Phone

3093338770

Tax Period

2023-01-01 to 2023-12-31

WEST PRAIRIE WATER COOPERATIVE, founded in 2007, is a small nonprofit that reported $862K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Net assets of $3.2M represent 45 months of operating reserves.

Mission

WATER SERVICE 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $860,605

Investment Income $1,072

Other Revenue $0

TOTAL REVENUE $861,677

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $849,464

TOTAL EXPENSES $849,464

Year-over-Year Comparison

	2023	2022	Change
Revenue	$861,677	$1,036,108	-0.2%
Expenses	$849,464	$797,623	+0.1%
Net Income	$12,213	$238,485	-0.9%

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

N/A

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
ANDY RIGGINS	PRESIDENT	1.00	Officer	$0	$0	$0
GEORGE DIXON	VICE-PRESIDE	1.00	Officer	$0	$0	$0
SCOTT COKER	SECRETARY/TR	2.00	Officer	$0	$0	$0
DAN OEST	TRUSTEE	0.50	Director	$0	$0	$0
JOHN EMERICK	TRUSTEE	0.50	Director	$0	$0	$0
DARYL SIDWELL	TRUSTEE	0.50	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	$861,677	$849,464	$7,703,860	$12,213
2022	$1,036,108	$797,623	$7,860,636	$238,485
2021	$659,409	$748,453	$7,724,301	$-89,044
2020	$639,823	$585,897	$7,912,315	$53,926
2019	$646,219	$597,782	$7,954,280	$48,437
2018	$705,650	$637,982	$7,998,756	$67,668

WEST PRAIRIE WATER COOPERATIVE