MARYLAND RURAL WATER ASSOCIATION (EIN 521701257) - 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

1990

Legal Domicile

Principal Officer

SUE H HOUGHTON

Phone

4104895877

Tax Period

2024-07-01 to 2025-06-30

MARYLAND RURAL WATER ASSOCIATION, founded in 1990, is a community nonprofit in the Public & Societal Benefit sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 7% surplus.

Mission

TO PROVIDE WATER AND SEWER TRAINING, EDUCATION AND TECHNICAL ASSISTANCE TO MUNICIPAL GOV'T & MEMBERS

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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 $1,363,080

Program Service Revenue $358,776

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,721,856

Expense Breakdown

Grants Paid $0

Salaries & Benefits $972,273

Fundraising Expenses $0

Program Expenses $1,007,559

Other Expenses $625,308

TOTAL EXPENSES $1,597,581

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,721,856	$1,556,299	+0.1%
Expenses	$1,597,581	$1,517,032	+0.1%
Net Income	$124,275	$39,267	+2.2%

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

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

$111,005

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORI CAMERON	VICE - PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES LATCHUM	DIRECTOR	1.00	Director	$0	$0	$0
KELLY TREGO	TREASURER	1.00	Officer Director	$0	$0	$0
BRUCE CARBAUGH	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER KEIFLINE	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD SKILTON	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH JO MANNING	DIRECTOR	1.00	Director	$0	$0	$0
JENIAL TURNER	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH STAHLMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUE HOUGHTON	CEO	40.00	Officer	$111,005	$0	$111,005

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	$1,721,856	$1,597,581	$1,046,265	$124,275
2024	$1,556,299	$1,517,032	$943,323	$39,267
2023	$1,325,328	$1,223,040	$774,345	$102,288
2022	$1,077,424	$1,033,146	$691,344	$44,278
2020	$910,769	$1,001,687	$652,995	$-90,918
2019	$991,995	$955,654	$710,510	$36,341
2018	$970,757	$927,212	$674,699	$43,545

MARYLAND RURAL WATER ASSOCIATION