BENSON IRRIGATION COMPANY (EIN 473961448) - 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

2015

Legal Domicile

Principal Officer

KEVIN FALSLEV

Phone

8016362820

Tax Period

2025-01-01 to 2025-12-31

BENSON IRRIGATION COMPANY, founded in 2015, is a small nonprofit that reported $187K in total revenue in fiscal year 2025. Expenses of $311K exceeded revenue, resulting in a 66% operating deficit.

Mission

BENSON IRRIGATION COMPANY OPERATES, MAINTAINS AND CONSTRUCTS WATER WORKS IN THE BENSON, UTAH AREA. THE COMPANY OWNS WATER RIGHTS AND DISTRIBUTES WATER TO INDIVIDUALS. ASSESSMENTS ARE MADE TO SHAREHOLDERS AND USED TO MAINTAIN AND CONSTRUCT WATER WAYS INCLUDING IRRIGATION DITCHES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $186,853

Program Service Revenue $0

Investment Income $8

Other Revenue $0

TOTAL REVENUE $186,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,365

Fundraising Expenses $0

Program Expenses $310,269

Other Expenses $303,494

TOTAL EXPENSES $310,859

Year-over-Year Comparison

	2025	2024	Change
Revenue	$186,861	$176,170	+0.1%
Expenses	$310,859	$277,500	+0.1%
Net Income	$-123,998	$-101,330	+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

N/A

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

$7,155

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DUSTY REESE	Vice President	5.00	Director	$5,220	$0	$5,220
KATIE FULLER	Secretary	10.00	Director	$1,385	$0	$1,385
JOSH COWLEY	BOARD MEMBER	5.00	Director	$550	$0	$550
STEVE ARCHIBALD	BOARD MEMBER	5.00	Director	$0	$0	$0
KEVIN FALSLEV	President	5.00	Director	$0	$0	$0
JEFF WATTERSON	BOARD MEMBER	5.00	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
2025	$186,861	$310,859	$2,117,918	$-123,998
2024	$176,170	$277,500	$2,303,769	$-101,330
2023	$128,759	$261,782	$2,466,340	$-133,023
2022	$162,053	$269,502	$2,659,997	$-107,449
2021	$172,818	$268,183	$2,827,480	$-95,365
2020	$127,467	$229,478	$2,981,385	$-102,011
2019	$633,411	$164,465	$2,953,238	$468,946

BENSON IRRIGATION COMPANY