MINNESOTA RURAL WATER ASSOCIATION

EIN: 411283589 501(c)(3) Public & Societal Benefit

ELBOW LAKE, MN

Total Revenue
$4,179,105
Total Expenses
$3,851,906
Total Assets
$3,744,469
Net Assets
$3,241,818
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
MN
Principal Officer
LORI BLAIR
Phone
2186854907
Tax Period
2023-01-01 to 2023-12-31

MINNESOTA RURAL WATER ASSOCIATION, founded in 1978, is a community nonprofit in the Public & Societal Benefit sector that reported $4.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.9M left a modest 8% surplus.

Mission

MRWA PROVIDES PROFESSIONAL ON-SITE TECHNICAL ASSISTANCE AND TRAINING TO WATER AND WASTE WATER SYSTEM PERSONNEL IN MANAGERIAL, FINANCIAL, OPERATION AND MAINTENANCE, SOURCE WATER AND WELLHEAD PROTECTION ISSUES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,148,940
Program Service Revenue $907,631
Investment Income $64,724
Other Revenue $57,810
TOTAL REVENUE $4,179,105

Expense Breakdown

Grants Paid $1,000
Salaries & Benefits $2,887,317
Fundraising Expenses $0
Program Expenses $3,218,220
Other Expenses $963,589
TOTAL EXPENSES $3,851,906

Year-over-Year Comparison

2023 2022 Change
Revenue $4,179,105 $3,850,628 +0.1%
Expenses $3,851,906 $3,447,072 +0.1%
Net Income $327,199 $403,556 -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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Governance

Voting Members
8
Independent Members
8
Employees
28
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
5
$251,033
Total Directors
9
$9,700
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRACY BERGH DIRECTOR 1.00
Director
$1,550 $0 $1,550
LES ANDERSON CHAIRMAN/NATIONAL DIRECTOR 1.00
Officer Director
$1,050 $0 $1,050
TOM DOWDLE VICE PRESIDENT 1.00
Officer Director
$1,350 $0 $1,350
RODNEY SPRONK SECRETARY/TREASURER 1.00
Officer Director
$1,800 $0 $1,800
ALLAN RUTTER DIRECTOR 1.00
Director
$1,550 $0 $1,550
LUCAS HEIKKILA DIRECTOR 1.00
Director
$800 $0 $800
PAUL BERGERON DIRECTOR 1.00
Director
$1,350 $0 $1,350
RYAN HOLTZ DIRECTOR 1.00
Director
$0 $0 $0
JASON HILLMAN DIRECTOR 1.00
Director
$250 $0 $250
LORI BLAIR EXECUTIVE DIRECTOR 40.00
Officer
$121,743 $10,338 $132,081
JODI SCHROEDER FINANCE MANAGER 40.00
Officer
$79,783 $34,969 $114,752
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 $4,179,105 $3,851,906 $3,744,469 $327,199
2022 $3,850,628 $3,447,072 $3,213,094 $403,556
2021 $3,261,922 $3,025,201 $3,077,826 $236,721
2020 $3,296,557 $2,974,269 $2,712,959 $322,288
2019 $3,218,134 $3,004,799 $2,334,984 $213,335
2018 $2,669,232 $2,681,780 $1,880,947 $-12,548
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