RB WATER ASSOCIATION (EIN 461248810) - 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

2012

Principal Officer

Chris Heftel

Phone

5099952899

Tax Period

2024-01-01 to 2024-12-31

RB WATER ASSOCIATION, founded in 2012, is a small nonprofit in the Public & Societal Benefit sector that reported $291K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $163K, a strong 56% operating margin.

Mission

Residential water utility providing service to members within a defined service area as assigned by Spokane County.

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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 $16,822

Program Service Revenue $252,649

Investment Income $21,475

Other Revenue $0

TOTAL REVENUE $290,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,101

Fundraising Expenses $0

Other Expenses $122,933

TOTAL EXPENSES $128,034

Year-over-Year Comparison

	2024	2023	Change
Revenue	$290,946	$259,185	+0.1%
Expenses	$128,034	$121,334	+0.1%
Net Income	$162,912	$137,851	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Dagget	Secretary	3.00	Officer Director	$0	$0	$0
Brad Smith	Director	0.00	Director	$0	$0	$0
Scott Engstrom	President	3.00	Officer Director	$0	$0	$0
William Hoover	Treasurer	0.00	Officer Director	$0	$0	$0
Robert Schanke	Director	0.00	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
2024	$290,946	$128,034	$1,420,444	$162,912
2023	$259,185	$121,334	$1,257,532	$137,851
2022	$450,216	$108,075	$1,119,681	$342,141
2021	$105,998	$83,536	$807,284	$22,462
2021	$128,619	$106,167	$811,158	$22,452
2020	$88,052	$81,228	$757,207	$6,824
2019	$113,492	$89,125	$747,933	$24,367
2018	$177,398	$56,750	$779,783	$120,648

RB WATER ASSOCIATION