MICHIGAN RURAL WATER ASSOCIATION (EIN 382946726) - 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

1990

Legal Domicile

Principal Officer

TIMOTHY NEUMANN

Phone

5176572601

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN RURAL WATER ASSOCIATION, founded in 1990, is a community nonprofit in the Public & Societal Benefit sector that reported $3.0M in total revenue in fiscal year 2024. Expenses of $2.8M left a modest 4% surplus.

Mission

TO PROVIDE RESOURCES AND NETWORKING TO ALL MEMBERS, FUTURE MEMBERS AND THEIR CUSTOMERS IN ORDER TO ENHANCE QUALITY OF SERVICE.

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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 $1,669,367

Program Service Revenue $1,253,105

Investment Income $16,397

Other Revenue $15,948

TOTAL REVENUE $2,954,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,519,765

Fundraising Expenses $0

Program Expenses $1,343,519

Other Expenses $1,320,482

TOTAL EXPENSES $2,840,247

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,954,817	$2,911,800	+0.0%
Expenses	$2,840,247	$2,764,915	+0.0%
Net Income	$114,570	$146,885	-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

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

$225,343

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA SCHROEDER	DIRECTOR	1.00	Director	$0	$0	$0
DALE STEWART	ASSOCIATE DIRECTOR	1.00	Director	$0	$0	$0
CHRIS KENYON	NATIONAL DIRECTOR	1.00	Director	$0	$0	$0
TOM ANTHONY	DIRECTOR	1.00	Director	$0	$0	$0
TODD HACKENBURG	PRESIDENT	5.00	Officer Director	$0	$0	$0
RANDY SEIDA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BOB MASTERS	ASSOCIATE DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE THIBIDEAU	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
CHERI LAVERTY	ASSOCIATE DIRECTOR	1.00	Director	$0	$0	$0
SHANE BATDORFF	DIRECTOR	1.00	Director	$0	$0	$0
RON BOGART	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY NEUMANN	EXECUTIVE DIRECTOR	40.00	Officer	$150,215	$0	$150,215
JENNIFER LEWIS	FINANCE DIRECTOR	40.00	Officer	$75,128	$0	$75,128

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	$2,954,817	$2,840,247	$2,256,253	$114,570
2023	$2,911,800	$2,764,915	$2,136,264	$146,885
2022	$2,731,981	$2,521,252	$1,869,015	$210,729
2021	$2,238,062	$2,156,222	$1,566,370	$81,840
2020	$1,871,307	$1,760,746	$1,574,374	$110,561
2019	$2,329,944	$2,071,020	$1,125,222	$258,924
2018	$2,135,489	$1,964,098	$1,022,004	$171,391

MICHIGAN RURAL WATER ASSOCIATION