UNITED REGIONAL WATER COOPERATIVE INC (EIN 821583186) - 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

2017

Legal Domicile

Principal Officer

EVELYN DEVERELL

Phone

2179255566

Tax Period

2024-01-01 to 2024-12-31

UNITED REGIONAL WATER COOPERATIVE INC, founded in 2017, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $663K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $869K exceeded revenue, resulting in a 31% operating deficit.

Mission

UNITED REGIONAL WATER COOPERATIVE IS DEDICATED TO PROVIDING CLEAN WATER TO RURAL HOMES IN SANGAMON, MACON, LOGAN AND CHRISTIAN COUNTIES

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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 $34,420

Program Service Revenue $628,610

Investment Income $0

Other Revenue $0

TOTAL REVENUE $663,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $868,709

Other Expenses $868,709

TOTAL EXPENSES $868,709

Year-over-Year Comparison

	2024	2023	Change
Revenue	$663,030	$818,888	-0.2%
Expenses	$868,709	$823,480	+0.1%
Net Income	$-205,679	$-4,592	+43.8%

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

N/A

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
MIKE WHITEHEAD	PRESIDENT	8.00	Officer Director	$0	$0	$0
EVELYN DEVERELL	SECRETARYTREASURER	8.00	Officer Director	$0	$0	$0
RODGER REED	DIRECTOR	8.00	Director	$0	$0	$0
RYAN VIRDEN	DIRECTOR	8.00	Director	$0	$0	$0
JIMMY AYERS	DIRECTOR	8.00	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
2024	$663,030	$868,709	$13,448,539	$-205,679
2023	$818,888	$823,480	$13,815,025	$-4,592
2022	$6,516,675	$384,707	$14,046,076	$6,131,968
2022	$6,516,675	$384,707	$14,046,076	$6,131,968
2021	No data	$41,065	$5,884,701	No data
2020	No data	$7,793	$857,499	No data

UNITED REGIONAL WATER COOPERATIVE INC