Illinois Rural Water Association (EIN 371075126) - 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

1979

Legal Domicile

Principal Officer

Don Craig

Phone

2172872115

Tax Period

2024-07-01 to 2025-06-30

Illinois Rural Water Association, founded in 1979, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Expenses of $2.5M left a modest 7% surplus.

Mission

Efficient operation of water and wastewater systems through education and on-site assistance.

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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 $0

Program Service Revenue $2,403,668

Investment Income $210,842

Other Revenue $79,388

TOTAL REVENUE $2,693,898

Expense Breakdown

Grants Paid $2,976

Salaries & Benefits $1,626,781

Fundraising Expenses $0

Other Expenses $869,734

TOTAL EXPENSES $2,499,491

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,693,898	$2,534,700	+0.1%
Expenses	$2,499,491	$2,475,222	+0.0%
Net Income	$194,407	$59,478	+2.3%

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

$225,697

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Greg Bates	President	0.25	Officer Director	$0	$0	$0
Jay Bell	Secretary	0.25	Officer Director	$0	$0	$0
Steve Fletcher	Vice President	0.25	Officer Director	$0	$0	$0
Wayne Dixon	Treasurer	0.25	Officer Director	$0	$0	$0
Casey Johnson	Director	0.25	Director	$0	$0	$0
Kaleb Kahl	Director	0.25	Director	$0	$0	$0
Jacob Johnson	Director	0.25	Director	$0	$0	$0
Brian Strike	Director	0.25	Director	$0	$0	$0
Jacque Plese	Director	0.25	Director	$0	$0	$0
Denise Burke	Admin Assistant/CFO	40.00	Officer	$64,973	$17,716	$82,689
Don Craig	Executive Director	40.00	Officer	$108,606	$34,402	$143,008

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	$2,693,898	$2,499,491	$2,811,862	$194,407
2024	$2,534,700	$2,475,222	$2,556,875	$59,478
2023	$2,450,247	$2,359,106	$2,304,871	$91,141
2022	$2,172,390	$2,076,400	$2,241,764	$95,990
2021	$1,916,109	$1,708,798	$2,287,235	$207,311
2020	$1,895,210	$1,671,114	$1,946,945	$224,096
2019	$1,744,522	$1,606,953	$1,765,935	$137,569

Illinois Rural Water Association