RICHMOND IRRIGATION & POWER COMPANY (EIN 832666927) - 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

2018

Legal Domicile

Principal Officer

BRET CHRISTENSEN

Phone

4359940588

Tax Period

2023-01-01 to 2023-12-31

RICHMOND IRRIGATION & POWER COMPANY, founded in 2018, is a small nonprofit in the Mutual Benefit sector that reported $326K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $553K exceeded revenue, resulting in a 70% operating deficit.

Mission

TO PROVIDE RESOURCES NECESSARY FOR MAINTENANCE AND LABOR OF SECONDARY AND AGRICULTURE WATER SYSTEMS.

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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 $325,690

Investment Income $379

Other Revenue $0

TOTAL REVENUE $326,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,802

Fundraising Expenses $0

Program Expenses $553,215

Other Expenses $518,413

TOTAL EXPENSES $553,215

Year-over-Year Comparison

	2023	2022	Change
Revenue	$326,069	$375,070	-0.1%
Expenses	$553,215	$527,039	+0.0%
Net Income	$-227,146	$-151,969	+0.5%

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

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

$8,530

Total Directors

$27,580

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRET CHRISTENSEN	PRESIDENT	7.00	Officer Director	$0	$0	$0
JOHN APEDAILE	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
SHAREESE HUNSAKER	TREASURER	5.00	Officer Director	$3,960	$0	$3,960
AIMEE JOHNSON	SECRETARY	5.00	Officer Director	$4,570	$0	$4,570
TIM CHRISTENSEN	BOARD MEMBER	5.00	Director	$0	$0	$0
TUCKER THATCHER	BOARD MEMBER	5.00	Director	$0	$0	$0
BRADY SPACKMAN	BOARD MEMBER	5.00	Director	$0	$0	$0
JOHN GILBERT	WATER MASTER	5.00	Director	$19,050	$0	$19,050
KURT NALDER	WATER MASTER	5.00	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	No data	No data	No data	No data
2023	$326,069	$553,215	$4,711,755	$-227,146
2022	$375,070	$527,039	$5,082,153	$-151,969
2021	$298,527	$532,657	$5,381,853	$-234,130
2020	$358,467	$532,880	$5,726,438	$-174,413
2019	$305,038	$529,603	$6,038,461	$-224,565

RICHMOND IRRIGATION & POWER COMPANY