ALABAMA RURAL WATER ASSN INC (EIN 630733389) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

ROBERT WHITE IV

Phone

3343965511

Tax Period

2024-01-01 to 2024-12-31

ALABAMA RURAL WATER ASSN INC, founded in 1977, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2018. Expenses of $1.9M left a modest 4% surplus.

Mission

TO PROVIDE EDUCATION TO MEMBERS THROUGH NEWSLETTERS, ANNUAL MEETINGS AND TRAINING SEMINARS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,114,470

Program Service Revenue $1,198,120

Investment Income $12,523

Other Revenue $0

TOTAL REVENUE $3,325,113

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,549,665

Fundraising Expenses $0

Other Expenses $1,836,092

TOTAL EXPENSES $3,385,757

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,325,113	$3,141,395	+0.1%
Expenses	$3,385,757	$3,212,763	+0.1%
Net Income	$-60,644	$-71,368	-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

$143,311

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINCENT ATKINS	DIRECTOR	1.00	Director	$0	$0	$0
MARK BOHLIN	DIRECTOR	1.00	Director	$0	$0	$0
DERICK GREGORY	DIRECTOR	1.00	Director	$0	$0	$0
ERIC HILL	DIRECTOR	1.00	Director	$0	$0	$0
GLEN HYATT	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN LAWLEY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SAWYER	DIRECTOR	1.00	Director	$0	$0	$0
JEANIECE SLATER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT WHITE IV	EXECUTIVE DIRECTOR	40.00	Officer	$111,188	$32,123	$143,311

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	$3,325,113	$3,385,757	$2,383,171	$-60,644
2023	$3,141,395	$3,212,763	$2,437,810	$-71,368
2022	$2,803,369	$2,992,639	$2,415,780	$-189,270
2021	$3,170,318	$2,729,402	$2,377,857	$440,916
2020	$1,809,542	$1,895,739	$1,904,684	$-86,197
2019	$2,143,007	$2,160,543	$1,856,982	$-17,536
2018	$2,037,145	$1,947,318	$1,790,053	$89,827

ALABAMA RURAL WATER ASSN INC