CALIFORNIA RURAL WATER RISK MANAGEMENT AUTHORITY (EIN 811437424) - 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

2016

Legal Domicile

Principal Officer

Dustin Hardwick

Phone

9162904620

Tax Period

2024-04-01 to 2025-03-31

CALIFORNIA RURAL WATER RISK MANAGEMENT AUTHORITY, founded in 2016, is a community nonprofit in the Mutual Benefit sector that reported $2.3M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

The purpose of program is to provide various risk management, risk financing and loss control programs to public water entities and mutual water companies.

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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 $0

Program Service Revenue $2,288,457

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,288,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,996,943

Other Expenses $2,302,869

TOTAL EXPENSES $2,302,869

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,288,457	$2,034,512	+0.1%
Expenses	$2,302,869	$1,957,893	+0.2%
Net Income	$-14,412	$76,619	-1.2%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Phillip Boerman	President	Director	$0	$0	$0
Doug Heinrichs	Board Member	Director	$0	$0	$0
Ray Gagne	Board Member	Director	$0	$0	$0
Dustin Hardwick	Executive Dir.	Officer	$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	$2,288,457	$2,302,869	$375,570	$-14,412
2024	$2,034,512	$1,957,893	$394,166	$76,619
2023	$1,868,256	$1,786,343	$332,381	$81,913
2022	$1,637,541	$1,614,466	$496,053	$23,075
2021	$1,522,585	$1,486,296	$183,052	$36,289
2020	$1,428,843	$1,400,532	$395,586	$28,311

CALIFORNIA RURAL WATER RISK MANAGEMENT AUTHORITY