LOUISIANA RURAL WATER ASSOCIATION (EIN 720839514) - 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

1978

Legal Domicile

Principal Officer

SAME AS C ABOVE

Phone

3377382896

Tax Period

2024-07-01 to 2025-06-30

LOUISIANA RURAL WATER ASSOCIATION, founded in 1978, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2024.

Mission

TECHNICAL ASSISTANCE AND TRAINING TO RURAL AND SMALL MUNICIPAL WATER AND WASTEWATER FACILITIES.

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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 $2,814,843

Program Service Revenue $1,105,780

Investment Income $29,311

Other Revenue $0

TOTAL REVENUE $3,949,934

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,600,185

Fundraising Expenses $0

Program Expenses $2,712,711

Other Expenses $2,337,584

TOTAL EXPENSES $3,937,769

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,949,934	$4,127,981	0.0%
Expenses	$3,937,769	$3,859,571	+0.0%
Net Income	$12,165	$268,410	-1.0%

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

$148,057

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PURVIS MORRISON	MEMBER	0.00	Director	$0	$0	$0
L CRAIG SOLLBERGER	PRESIDENT	0.00	Director	$0	$0	$0
TOM OWENS	MEMBER	0.00	Director	$0	$0	$0
DONALD NASH	VICE PRESIDNET	0.00	Director	$0	$0	$0
KEVIN COLLIGAN	MEMBER	0.00	Director	$0	$0	$0
MIKE THORNTON	SECRETARY	0.00	Director	$0	$0	$0
LOUIS REDMON	MEMBER	0.00	Director	$0	$0	$0
CLAUDE SWOPE	EXECUTIVE COMMITTEE	0.00	Director	$0	$0	$0
JAIMIE FONTENOT	MEMBER	0.00	Director	$0	$0	$0
HAROLD DUTSCH	MEMBER	0.00	Director	$0	$0	$0
FREDDY PAYNE	MEMBER	0.00	Director	$0	$0	$0
MICHAEL SOBERT	MEMBER	0.00	Director	$0	$0	$0
JOHN SMITH	MEMBER	0.00	Director	$0	$0	$0
JAMES CLARK	MEMBER	0.00	Director	$0	$0	$0
PAULA ROSE	MEMBER	0.00	Director	$0	$0	$0
DAVID MAINS	MEMBER	0.00	Director	$0	$0	$0
PATRICK CREDEUR	EXECUTIVE DIRECTOR	40.00	Officer	$148,057	$0	$148,057

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	$3,949,934	$3,937,769	$2,554,951	$12,165
2024	$4,127,981	$3,859,571	$2,488,872	$268,410
2023	$3,620,828	$3,488,794	$2,591,193	$132,034
2022	$3,261,725	$2,994,073	$1,953,034	$267,652
2021	$2,407,529	$2,472,320	$1,697,979	$-64,791
2020	$2,570,050	$2,501,983	$1,572,106	$68,067
2019	$2,338,090	$2,330,280	$1,619,124	$7,810

LOUISIANA RURAL WATER ASSOCIATION