Richmond Irrigation & Power Company

EIN: 832666927 Mutual Benefit

Richmond, UT

Total Revenue
$367,302
Total Expenses
$603,834
Total Assets
$3,916,247
Net Assets
$206,846
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
UT
Principal Officer
Bret Christensen
Phone
4357570246
Tax Period
2025-01-01 to 2025-12-31

Richmond Irrigation & Power Company, founded in 2018, is a small nonprofit in the Mutual Benefit sector that reported $367K in total revenue in fiscal year 2025. Revenue decreased 12% compared to the prior year. Expenses of $604K exceeded revenue, resulting in a 64% operating deficit.

Mission

To provide resources necessary for maintenance and labor of secondary and agriculture water systems.

Program Service Accomplishments

Program 1
Expenses: $595,630 Revenue: $357,561

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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $357,561
Investment Income $9,741
Other Revenue $0
TOTAL REVENUE $367,302

Expense Breakdown

Grants Paid $0
Salaries & Benefits $74,944
Fundraising Expenses $0
Program Expenses $595,630
Other Expenses $528,890
TOTAL EXPENSES $603,834

Year-over-Year Comparison

2025 2024 Change
Revenue $367,302 $419,625 -0.1%
Expenses $603,834 $648,617 -0.1%
Net Income $-236,532 $-228,992 +0.0%
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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Governance

Voting Members
6
Independent Members
N/A
Employees
5
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
3
$7,104
Total Directors
6
$7,104
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Aimee Johnson Treasurer 5.00
Officer Director
$7,104 $0 $7,104
Bret Christensen President 7.00
Officer Director
$0 $0 $0
John Apedaile Vice President 5.00
Officer Director
$0 $0 $0
Tucker Thatcher Board Member 5.00
Director
$0 $0 $0
Brady Spackman Board Member 5.00
Director
$0 $0 $0
Timothy Christensen Board Member 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
2025 $367,302 $603,834 $3,916,247 $-236,532
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
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