MINNESOTA RURAL WATER ASSOCIATION

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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

1978

Legal Domicile

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

TO PROVIDE THE LATEST INFORMATION, EDUCATION AND TECHNICAL ASSISTANCE TO PROTECT OUR PUBLIC WATERS AND IMPROVE THE QUALITY OF LIFE IN MINNESOTA

Program Service Accomplishments

Program 1

Expenses: $2,029,282 Revenue: $903,436

TRAINING AND TECHNICAL ASSISTANCE - MRWA STAFF HAS EXPERIENCED OPERATORS/TECHNICIANS/TEACHERS THAT TRAVEL THE ENTIRE STATE TO PROVIDE IMMEDIATE ON-SITE TECHNICAL ASSISTANCE AND CLASSROOM TRAINING TO SMALL MUNICIPAL, NON-MUNICIPAL AND NON-COMMUNITY NON-TRANSIET WATER AND WASTEWATER SYSTEMS. MRWA STAFF PROVIDED 3,039 ON-SITE VISITS, HELD 88 TRAINING SESSIONS WITH A TOTAL ATTENDANCE OF 4,390 WATER, WASTEWATER OPERATORS, ADMINISTRATORS AND GOVERNING OFFICIALS.

Program 2

Expenses: $1,188,938

SOURCE WATER PROTECTION - MRWA'S SOURCE WATER PROTECTION PROGRAMS SPECIALISTS HELP WITH THE CREATION OF A LOCAL TEAM AND WORK THE STEP PROGRAM, WHICH HAS BEEN DESIGNATED TO SIMPLIFY THE DEVELOPMENT OF LOCAL WATER PROGRAMS. MRWA STAFF ARE AVAILABLE TO PROVIDE INFORMATION AND TRAINING OF COUNCILS, BOARDS, UTILITY COMMISSIONS, OTHER COMMUNITY LEADERS AND SOURCE WATER PROTECTION TEAM MEMBERS. MRWA PROVIDED 771 ON-SITE VISITS TO WATER UTILITIES, SPENT 475 HOURS WORKING WITH STATE AGENCIES AND CITIES AND OVER 1,714 HOURS HELPING UTILITIES DEVELOP SOURCE WATER PROTECTION PLANS.

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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 $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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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

$251,033

Total Directors

$9,700

Key Employees

Highest Compensated

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