KENTUCKY RURAL WATER ASSOCIATION (EIN 610960314) - 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

1979

Legal Domicile

Principal Officer

SCOTT YOUNG

Phone

2708432291

Tax Period

2023-10-01 to 2024-09-30

KENTUCKY RURAL WATER ASSOCIATION, founded in 1979, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

TO HELP LOCAL WATER DISTRICTS OPERATE EFFECTIVELY & EFFICIENTLY.

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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 $2,369,705

Program Service Revenue $1,961,067

Investment Income $278,043

Other Revenue $0

TOTAL REVENUE $4,608,815

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,726,232

Fundraising Expenses $0

Other Expenses $1,835,476

TOTAL EXPENSES $4,561,708

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,608,815	$3,751,841	+0.2%
Expenses	$4,561,708	$3,722,269	+0.2%
Net Income	$47,107	$29,572	+0.6%

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

$205,621

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT YOUNG	EX. DIRECTOR	40.00	Officer	$156,998	$48,623	$205,621
WILLIAM BALLARD	DIRECTOR	1.00	Director	$0	$0	$0
ROGER COLBURN	VICE PRESIDE	1.00	Director	$0	$0	$0
JOHN DIX	DIRECTOR	1.00	Director	$0	$0	$0
CLAY KELLY	ASSOCIATE AD	1.00	Director	$0	$0	$0
CHRISTINA O'BRYAN	SECRETARY	1.00	Director	$0	$0	$0
BOB PACK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID PETERSON	TREASURER	1.00	Director	$0	$0	$0
RUSS ROSE	PRESIDENT	1.00	Director	$0	$0	$0
DAMON TALLEY	GENERAL COUN	1.00	Director	$0	$0	$0
DAREN THOMPSON	DIRECTOR	1.00	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	$4,608,815	$4,561,708	$4,163,444	$47,107
2023	$3,751,841	$3,722,269	$4,126,429	$29,572
2022	$4,267,816	$3,524,862	$3,780,265	$742,954
2021	$3,332,074	$3,098,038	$3,114,673	$234,036
2020	$2,841,953	$2,587,069	$2,870,327	$254,884

KENTUCKY RURAL WATER ASSOCIATION