NORTH DAKOTA RURAL WATER SYSTEMS ASSOCIATION

EIN: 450337818 501(c)(3) Employment

BISMARCK, ND

Total Revenue
$1,815,578
Total Expenses
$1,645,055
Total Assets
$1,647,701
Net Assets
$1,196,294
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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
1974
Legal Domicile
ND
Principal Officer
ERIC VOLK
Phone
7012589249
Tax Period
2023-01-01 to 2023-12-31

NORTH DAKOTA RURAL WATER SYSTEMS ASSOCIATION, founded in 1974, is a community nonprofit in the Employment sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 9% surplus.

Mission

TO EDUCATE, SUPPORT, AND LEAD ITS MEMBERS IN PROVIDING QUALITY SERVICE TO THEIR CUSTOMERS.

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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 $1,578,197
Program Service Revenue $190,203
Investment Income $20,273
Other Revenue $26,905
TOTAL REVENUE $1,815,578

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,105,094
Fundraising Expenses $0
Program Expenses $1,378,242
Other Expenses $539,961
TOTAL EXPENSES $1,645,055

Year-over-Year Comparison

2023 2022 Change
Revenue $1,815,578 $1,448,836 +0.3%
Expenses $1,645,055 $1,311,431 +0.3%
Net Income $170,523 $137,405 +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

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Governance

Voting Members
8
Independent Members
8
Employees
13
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
$153,594
Total Directors
10
$5,700
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC VOLK EXECUTIVE DI 40.00
Officer
$130,268 $20,176 $150,444
JOE LAFAVE TREASURER 1.00
Officer Director
$1,650 $0 $1,650
BRUCE HENSCHEL VICE PRESIDE 1.00
Officer Director
$600 $0 $600
MATT ODERMANN PRESIDENT 1.00
Officer Director
$600 $0 $600
JIM SCHMALTZ PAST PRES. 1.00
Director
$600 $0 $600
MICHELE SCHOMMER NATL REPR 1.00
Director
$600 $0 $600
JEREMY SCHULER MGR REP 1.00
Director
$600 $0 $600
DOUG ANDERSON DIRECTOR 1.00
Director
$450 $0 $450
JEFF BREKER SECRETARY 1.00
Officer Director
$300 $0 $300
LAVONNE ALTHOFF PAST SECRETA 1.00
Director
$150 $0 $150
JOHN HANCOCK PAST PRES. 1.00
Director
$150 $0 $150
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 $1,815,578 $1,645,055 $1,647,701 $170,523
2022 $1,448,836 $1,311,431 $1,456,428 $137,405
2021 $1,168,373 $1,105,317 $1,206,873 $63,056
2020 $1,235,058 $1,090,746 $1,027,259 $144,312
2019 $1,106,128 $1,089,330 $1,055,080 $16,798
2018 $1,100,358 $1,093,457 $1,038,431 $6,901
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