Clay Rural Water System Inc (EIN 460332131) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Phone

6052672088

Tax Period

2023-01-01 to 2023-12-31

CLAY RURAL WATER SYSTEM INC, founded in 1975, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2018. Expenses of $2.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

The mission of the Clay Rural Water System is to provide high quality water service to the consumers of the corporation at the lowest possible cost consistent with sound business practice.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,017,132

Program Service Revenue $3,043,109

Investment Income $143,803

Other Revenue $0

TOTAL REVENUE $8,204,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $775,709

Fundraising Expenses $0

Other Expenses $2,030,542

TOTAL EXPENSES $2,806,251

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,204,044	$2,917,224	+1.8%
Expenses	$2,806,251	$2,690,426	+0.0%
Net Income	$5,397,793	$226,798	+22.8%

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

$8,005

Total Directors

$22,278

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve Muilenburg	General Manager	40.00		$119,762	$3,039	$122,801
Mark Bottolfson	Director	1.00	Director	$4,480	$0	$4,480
Randy Huot	President	1.00	Officer Director	$3,200	$0	$3,200
Patricia Manning	Sec/Treasurer	1.00	Officer Director	$2,725	$0	$2,725
Tim Irwin	Director	1.00	Director	$2,273	$0	$2,273
Ken Kessler	Director	1.00	Director	$2,240	$0	$2,240
Cody Merrigan	Director	1.00	Director	$2,240	$0	$2,240
Randy Ronning	Vice President	1.00	Officer Director	$2,080	$0	$2,080
David Reiff	Director	1.00	Director	$1,920	$0	$1,920
Jerry Buum	Director	1.00	Director	$1,120	$0	$1,120

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	No data	No data	No data	No data
2023	$8,204,044	$2,806,251	$24,122,157	$5,397,793
2022	$2,917,224	$2,690,426	$16,335,925	$226,798
2021	$2,963,628	$2,501,636	$15,375,452	$461,992
2020	$2,922,714	$2,349,021	$13,681,904	$573,693
2019	$2,134,200	$2,354,366	$12,855,907	$-220,166
2018	$2,094,616	$2,347,078	$13,381,596	$-252,462

Clay Rural Water System Inc