SOUTHWEST REGIONAL WATER DISTRICT

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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

1973

Legal Domicile

Principal Officer

SCOTT JACOBS

Tax Period

2024-01-01 to 2024-12-31

SOUTHWEST REGIONAL WATER DISTRICT, founded in 1973, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.6M in total revenue in fiscal year 2024. The organization ran a surplus of $488K, a strong 19% operating margin.

Mission

PROVIDE TREATED WATER AND WASTE DISPOSAL TO RESIDENTS OF PAGE COUNTY AND THE SOUTHWEST IOWA REGION

Program Service Accomplishments

Program 1

Expenses: $1,758,977

PROVIDE TREATED WATER AND WASTE DISPOSAL SYSTEMS TO RESIDENTS OF RURAL PAGE COUNTY AND SOUTHWEST IOWA REGION

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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 $0

Program Service Revenue $2,531,850

Investment Income $31,575

Other Revenue $0

TOTAL REVENUE $2,563,425

Expense Breakdown

Grants Paid $0

Salaries & Benefits $631,188

Fundraising Expenses $0

Program Expenses $1,758,977

Other Expenses $1,444,352

TOTAL EXPENSES $2,075,540

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,563,425	$2,511,836	+0.0%
Expenses	$2,075,540	$1,940,957	+0.1%
Net Income	$487,885	$570,879	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY FASTENAU	MANAGER	40.00	Highest	$106,222	$0	$106,222
NORMA BRAGG	DIRECTOR	1.00	Director	$0	$0	$0
TIM CLAYTON	DIRECTOR	1.00	Director	$0	$0	$0
TIM HENKE	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
SCOTT JACOBS	PRESIDENT	1.00	Officer Director	$0	$0	$0
LUKE MCCLARNON	DIRECTOR	1.00	Director	$0	$0	$0
LINDA MIER-CARMICHAEL	DIRECTOR	1.00	Director	$0	$0	$0
TREVOR WHIPPLE	VICE PRESIDE	1.00	Officer 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	No data	No data	No data	No data
2024	$2,563,425	$2,075,540	$12,640,802	$487,885
2023	$2,511,836	$1,940,957	$12,374,721	$570,879
2022	$1,879,784	$1,758,011	$12,425,265	$121,773
2021	$2,105,528	$1,763,877	$11,615,596	$341,651
2020	$1,839,868	$1,869,816	$11,662,427	$-29,948
2019	$1,723,738	$1,707,556	$9,611,878	$16,182
2018	$1,526,330	$1,538,187	$9,676,246	$-11,857