IOWA RURAL WATER ASSOCIATION (EIN 421077034) - 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

1976

Legal Domicile

Principal Officer

ROD GLOSSER

Phone

6417870330

Tax Period

2024-01-01 to 2024-12-31

IOWA RURAL WATER ASSOCIATION, founded in 1976, is a community nonprofit in the Public & Societal Benefit sector that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $2.0M left a modest 7% surplus.

Mission

SEE FORM 990, PART III, LINE 1.

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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 $1,544,743

Program Service Revenue $592,424

Investment Income $49,530

Other Revenue $0

TOTAL REVENUE $2,186,697

Expense Breakdown

Grants Paid $2,670

Salaries & Benefits $997,335

Fundraising Expenses $0

Other Expenses $1,042,294

TOTAL EXPENSES $2,042,299

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,186,697	$1,990,940	+0.1%
Expenses	$2,042,299	$1,833,139	+0.1%
Net Income	$144,398	$157,801	-0.1%

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

$206,945

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROD GLOSSER	PRESIDENT	1.00	Officer Director	$0	$0	$0
RANDY PLEIMA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KRISTA HUFFMAN	TREASURER	1.00	Officer Director	$0	$0	$0
DOUG RADKE	SECRETARY	1.00	Officer Director	$0	$0	$0
RUSS COONS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE LANSING	DIRECTOR	1.00	Director	$0	$0	$0
RICH SUDTELGE	DIRECTOR	1.00	Director	$0	$0	$0
DOUG WESTERMAN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SHOVER	CHIEF EXECUTIVE OFFICER	40.00	Officer	$103,024	$13,146	$116,170
LAURA MCDONALD	CHIEF FINANCIAL OFFICER	40.00	Officer	$71,683	$19,092	$90,775

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	$2,186,697	$2,042,299	$2,768,036	$144,398
2023	$1,990,940	$1,833,139	$2,539,247	$157,801
2022	$1,831,306	$1,675,613	$2,339,881	$155,693
2021	$1,547,534	$1,400,856	$2,114,816	$146,678
2020	$1,571,938	$1,369,665	$1,907,546	$202,273
2019	$1,504,255	$1,450,437	$1,757,893	$53,818

IOWA RURAL WATER ASSOCIATION