MIDDLETON IRRIGATION ASSOC 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

1941

Legal Domicile

Principal Officer

GARY OLSON

Phone

2085853207

Tax Period

2023-01-01 to 2023-12-31

MIDDLETON IRRIGATION ASSOC INC, founded in 1941, is a small nonprofit that reported $266K in total revenue in fiscal year 2023. Expenses of $302K exceeded revenue, resulting in a 14% operating deficit.

Mission

IRRIGATION DISTRICT

Program Service Accomplishments

Program 1

Expenses: $301,732

MIDDLETON IRRIGATION ASSOCIATION, INC. PROVIDES WATER IRRIGATION SERVICES TO ITS MEMBERS. THESE MEMBERS CONSIST OF VARIOUS AGRICULTURAL ENTITIES AND ASSESSMENTS ARE BASED RATABLY ON THE EXPENSES...

MIDDLETON IRRIGATION ASSOCIATION, INC. PROVIDES WATER IRRIGATION SERVICES TO ITS MEMBERS. THESE MEMBERS CONSIST OF VARIOUS AGRICULTURAL ENTITIES AND ASSESSMENTS ARE BASED RATABLY ON THE EXPENSES INCURRED TO PROVIDE THE IRRIGATION 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $257,760

Investment Income $7,903

Other Revenue $0

TOTAL REVENUE $265,663

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,699

Fundraising Expenses $0

Program Expenses $301,732

Other Expenses $190,033

TOTAL EXPENSES $301,732

Year-over-Year Comparison

	2023	2022	Change
Revenue	$265,663	$264,951	+0.0%
Expenses	$301,732	$277,525	+0.1%
Net Income	$-36,069	$-12,574	+1.9%

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

924

Independent Members

924

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLEN FUNKHOUSER	DIRECTOR	N/A	Director	$0	$0	$0
MIKE MOYLE	DIRECTOR	N/A	Director	$0	$0	$0
GARY OLSON	PRESIDENT	N/A	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	No data	No data	No data	No data
2023	$265,663	$301,732	$430,605	$-36,069
2022	$264,951	$277,525	$466,674	$-12,574
2021	$273,421	$266,929	$479,248	$6,492
2020	$304,426	$278,167	$472,756	$26,259
2019	$299,935	$233,542	$446,497	$66,393
2018	$311,242	$256,852	$380,104	$54,390