ARKANSAS RURAL WATER ASSOCIATION

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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

1977

Legal Domicile

Principal Officer

DENNIS STERNBERG

Phone

5016762255

Tax Period

2024-01-01 to 2024-12-31

ARKANSAS RURAL WATER ASSOCIATION, founded in 1977, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Net assets of $6.2M represent 24 months of operating reserves.

Mission

TO PROVIDE ARKANSAS' RURAL WATER UTILITIES THE HIGHEST LEVEL OF TRAINING AND TECHNICAL SERVICES IN ORDER TO OBTAIN QUALITY WATER AT THE LOWEST POSSIBLE COST.

Program Service Accomplishments

Program 1

Expenses: $1,943,061 Revenue: $1,212,514

PROVIDE ARKANSAS' RURAL WATER UTILITIES TRAINING AND TECHNICAL SERVICES.

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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 $1,761,502

Program Service Revenue $1,212,514

Investment Income $106,179

Other Revenue $12,113

TOTAL REVENUE $3,092,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,570,765

Fundraising Expenses $0

Program Expenses $1,943,061

Other Expenses $1,502,677

TOTAL EXPENSES $3,073,442

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,092,308	$3,262,692	-0.1%
Expenses	$3,073,442	$2,963,182	+0.0%
Net Income	$18,866	$299,510	-0.9%

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

Total Directors

Key Employees

$175,991

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS STERNBERG	EXECUTIVE DI	40.00	Key Emp	$175,991	$0	$175,991
ZACH BAKER	DIRECTOR	1.00	Director	$0	$0	$0
BUTCH BARTHOLOMEW	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY BROWN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CHOATE	DIRECTOR	1.00	Director	$0	$0	$0
GREG CROSS	SECRETARY	1.00	Director	$0	$0	$0
JEFF FORD	TREASURER	1.00	Officer Director	$0	$0	$0
BENJY HILDEBRAND	DIRECTOR	1.00	Director	$0	$0	$0
GREG HOOTEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
TATE HOUSE	DIRECTOR	1.00	Director	$0	$0	$0
TERRY HOUSE	2ND VICE PRE	1.00	Officer Director	$0	$0	$0
JACKIE WILLIAM HINCHEY JR	DIRECTOR	1.00	Director	$0	$0	$0
JESSE MCCHRISTIAN JR	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LILES	DIRECTOR	1.00	Director	$0	$0	$0
JESSE MCKINNON	DIRECTOR	1.00	Director	$0	$0	$0
TENAY SELLERS	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN SMITH	1ST VICE PRE	1.00	Officer 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	No data	No data	No data	No data
2024	$3,092,308	$3,073,442	$6,398,578	$18,866
2023	$3,262,692	$2,963,182	$6,268,053	$299,510
2022	$2,994,869	$2,819,096	$5,765,424	$175,773
2021	$2,995,411	$2,403,374	$6,000,563	$592,037
2020	$2,491,521	$2,484,316	$5,294,291	$7,205
2019	$3,369,935	$2,575,321	$5,243,529	$794,614
2018	$2,953,970	$2,441,203	$4,315,682	$512,767