MONTANA RURAL WATER SYSTEMS INC

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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

BEN RIGBY

Phone

4064541151

Tax Period

2024-01-01 to 2024-12-31

MONTANA RURAL WATER SYSTEMS INC, founded in 1979, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE QUALITY SERVICES FOR ALL WATER SYSTEMS, THEREBY ENABLING THEM TO PRODUCE THE BEST POSSIBLE PRODUCT WITH THEIR AVAILABLE RESOURCES.

Program Service Accomplishments

Program 1

Expenses: $225,561

THIS JOINT PROJECT BY THE US DEPT OF AGRICULTURE FARM SERVICE AGENCY AND THE NONPROFIT NATIONAL RURAL WATER ASSOCIATION IS DESIGNED TO HELP PREVENT SOURCE WATER POLLUTION IN 33 STATES THROUGH...

THIS JOINT PROJECT BY THE US DEPT OF AGRICULTURE FARM SERVICE AGENCY AND THE NONPROFIT NATIONAL RURAL WATER ASSOCIATION IS DESIGNED TO HELP PREVENT SOURCE WATER POLLUTION IN 33 STATES THROUGH VOLUNTARY PRACTICES IMPLEMENTED BY PRODUCERS AT THE LOCAL LEVEL. THE PROGRAM IS AUTHORIZED BY SEC. 12400 OF THE 1985 FARM BILL AS AMENDED. SOURCE WATER IS SURFACE AND GROUND WATER THAT IS CONSUMED BY RURAL RESIDENTS. ACCORDING TO THE NRWA, GROUND WATER IS THE PRIMARY SOURCE OF DRINKING WATER FOR SOME 44,000 COMMUNITIES IN THE UNITED STATES.

Program 2

Expenses: $731,839

PROVIDED TECHNICAL & TRAINING ASSISTANCE TO MOBILE HOME COURTS ON WATER USAGE AND WASTEWATER SEWER SYSTEMS IN RURAL COMMUNITIES-ALL MONTANA COMMUNITIES BENEFITED - DNRC & WASTEWATER

Program 3

Expenses: $437,246

FUNDS WERE USED FOR THE DEVELOPMENT AND IMPROVEMENT OF WATER SYSTEMS AND WATER AND WASTE DISPOSAL FACILITIES IN RURAL AREAS-ALL MONTANA COMMUNITIES BENEFITED - CIRCUIT RIDER

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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 $1,777,608

Program Service Revenue $286,086

Investment Income $19,522

Other Revenue $23,739

TOTAL REVENUE $2,106,955

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,189,979

Fundraising Expenses $0

Program Expenses $1,774,746

Other Expenses $869,445

TOTAL EXPENSES $2,059,424

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,106,955	$1,740,862	+0.2%
Expenses	$2,059,424	$1,687,791	+0.2%
Net Income	$47,531	$53,071	-0.1%

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

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

$173,077

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYTLE BUD GILLIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JULIE SPENCER	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
MANDI NAY	SECRETARY	0.50	Officer Director	$0	$0	$0
JONI SHERMAN	TREASURER	0.50	Officer Director	$0	$0	$0
ALLEN KELM	NATIONAL NRWA DIRECTOR	1.50	Director	$0	$0	$0
TIM RAUSER	DIRECTOR	0.50	Director	$0	$0	$0
JIM TRUELOVE	DIRECTOR	0.50	Director	$0	$0	$0
VINCENT CHAPPELL	DIRECTOR	0.50	Director	$0	$0	$0
JOE VOSS	DIRECTOR	0.50	Director	$0	$0	$0
BEN RIGBY	EXECUTIVE DIRECTOR	40.00	Officer	$44,528	$9,556	$54,084
JOHN CAMDEN	FORMER EXEC DIR	40.00	Officer	$118,993	$0	$118,993

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	$2,106,955	$2,059,424	$1,530,466	$47,531
2023	$1,740,862	$1,687,791	$1,464,875	$53,071
2022	$1,709,201	$1,615,405	$1,313,767	$93,796
2021	$1,429,941	$1,344,931	$1,265,686	$85,010
2020	$1,149,903	$1,087,322	$1,126,306	$62,581
2019	$1,267,379	$1,272,727	$917,703	$-5,348
2018	$1,072,548	$1,088,711	$956,244	$-16,163