ASSOCIATION OF REGIONAL WATER ORGANIZATIONS

EIN: 384013791 Community Improvement

SPENCER, IA

Total Revenue
$36,039
Total Expenses
$100,242
Total Assets
$171,347
Net Assets
$167,347
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
IA
Principal Officer
BRAD VEIT
Phone
7122628847
Tax Period
2025-01-01 to 2025-12-31

ASSOCIATION OF REGIONAL WATER ORGANIZATIONS, founded in 2016, is a micro nonprofit in the Community Improvement sector that reported $36K in total revenue in fiscal year 2025. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $100K exceeded revenue, resulting in a 178% operating deficit.

Mission

THE PURPOSE OF THE ASSOCIATION IS TO WORK FOR THE ADVANCEMENT OF REGIONAL WATER AND WASTEWATER ORGANIZATIONS WHILE PROMOTING, DEVELOPING, AND ESTABLISHING, THE EXCHANGE OF BEST PRACTICES, AND PROVIDING A VOICE TO ADVOCATE FOR SUSTAINABLE AND AFFORDABLE WATER AND WASTEWATER SERVICES FOR ALL COMMUNITIES, INCLUDING THE UNDERSERVED AND UNSERVED COMMUNITIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $10,000
Program Service Revenue $22,168
Investment Income $2,482
Other Revenue $1,389
TOTAL REVENUE $36,039

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $100,242
TOTAL EXPENSES $100,242

Year-over-Year Comparison

2025 2024 Change
Revenue $36,039 $71,814 -0.5%
Expenses $100,242 $151,682 -0.3%
Net Income $-64,203 $-79,868 -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

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Governance

Voting Members
12
Independent Members
12
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
6
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
C TAD BOHANNON PRESIDENT 10.00
Officer Director
$0 $0 $0
HECTOR GONZALEZ MEMBER 10.00
Director
$0 $0 $0
ROYCE HAMMITT MEMBER 10.00
Director
$0 $0 $0
PATRICK JACKSON MEMBER 10.00
Director
$0 $0 $0
SCOTT KIRK GENERAL MANA 10.00
Officer Director
$0 $0 $0
MATT MAHLER SEN. VICE PR 10.00
Officer Director
$0 $0 $0
GLENN MARZLUF TREASURER 10.00
Officer Director
$0 $0 $0
DAVE MCMURRY MEMBER 10.00
Director
$0 $0 $0
JOHNATHAN RAY MEMBER 10.00
Director
$0 $0 $0
BILL TEICHMILLER SECRETARY 10.00
Officer Director
$0 $0 $0
BRAD VEIT VICE PRESIDE 10.00
Officer Director
$0 $0 $0
DOUGLAS WESTERMAN MEMBER 10.00
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
2025 $36,039 $100,242 $171,347 $-64,203
2024 No data No data No data No data
2023 $202,632 $152,315 $315,418 $50,317
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