CAROLINAS IRRIGATION ASSOCIATION (EIN 561555508) - 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

1987

Legal Domicile

Principal Officer

CLARK O'NEILL

Phone

9198892275

Tax Period

2023-07-01 to 2024-06-30

CAROLINAS IRRIGATION ASSOCIATION, founded in 1987, is a micro nonprofit in the Community Improvement sector that reported $67K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $80K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO INCREASE PROFESSIONALISM IN THE LANDSCAPE IRRIGATION INDUSTRY BY PROVIDING EDUCATIONAL OPPORTUNITIES, ENDORSING ETHICAL BUSINESS PRACTICES AND RAISING THE LEVEL OF UNDERSTANDING OF THE INDUSTRY TO THE PUBLIC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $22,650

Program Service Revenue $42,842

Investment Income $0

Other Revenue $1,590

TOTAL REVENUE $67,082

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $61,086

Other Expenses $79,895

TOTAL EXPENSES $79,895

Year-over-Year Comparison

	2023	2022	Change
Revenue	$67,082	$60,523	+0.1%
Expenses	$79,895	$49,284	+0.6%
Net Income	$-12,813	$11,239	-2.1%

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

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
CLARK O'NEILL	PRESIDENT	1.00	Officer Director	$0	$0	$0
EMMY GRAVEY	TRUSTEES	0.50	Director	$0	$0	$0
DON DAVIS	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN SNYDER	TREASURER	1.00	Officer Director	$0	$0	$0
JASON SHANABARGER	BOARD MEMBER	0.50	Director	$0	$0	$0
HAMILTON GARVEY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BRADLEY MERRITT	BOARD MEMBER	0.50	Director	$0	$0	$0
VINCENT BEEBE	BOARD MEMBER	0.50	Director	$0	$0	$0
MASON HUNT	BOARD MEMBER	0.50	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	$67,082	$79,895	$20,075	$-12,813
2023	$60,523	$49,284	$32,888	$11,239
2022	$66,834	$55,955	$21,649	$10,879
2021	$51,769	$50,993	$10,770	$776
2020	$43,925	$57,378	$9,994	$-13,453
2019	$63,022	$69,092	$23,447	$-6,070

CAROLINAS IRRIGATION ASSOCIATION