NEWTON, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO PROVIDE THE HIGHEST QUALITY LEADERSHIP IN SUPPORT OF IOWA'S WATER AND WASTEWATER INDUSTRIES THROUGH THE PROVISION OF TECHNICAL ASSISTANCE, TRAINING, EDUCATION, LEGISLATIVE, REGULATORY AND PUBLIC AFFAIRS, AND ASSISTANCE IN ECONOMIC DEVELOPMENT AND FINANCING ACTIVITIES.
THE ASSOCIATION HAS PROVIDED AND CONTINUES TO PROVIDE ASSISTANCE TO THE STATE OF IOWA'S RURAL WATER SYSTEMS AND SMALL COMMUNITIES BY PROVIDING TRAINING AND TECHNICAL ASSISTANCE ON VARIOUS COMPLIANCE...
THE ASSOCIATION HAS PROVIDED AND CONTINUES TO PROVIDE ASSISTANCE TO THE STATE OF IOWA'S RURAL WATER SYSTEMS AND SMALL COMMUNITIES BY PROVIDING TRAINING AND TECHNICAL ASSISTANCE ON VARIOUS COMPLIANCE REQUIREMENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 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 |
Compare IOWA RURAL WATER ASSOCIATION with other nonprofits in Iowa and across the country.