GRAND VALLEY IRRIGATION COMPANY

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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

1894

Legal Domicile

Principal Officer

SEAN NORRIS

Phone

9702422762

Tax Period

2024-10-01 to 2025-09-30

GRAND VALLEY IRRIGATION COMPANY, founded in 1894, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2024. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 47% operating margin.

Mission

TO PROVIDE IRRIGATION WATER TO SHAREHOLDERS OF COMPANY

Program Service Accomplishments

Program 1

Expenses: $1,751,514 Revenue: $1,764,306

TO PROVIDE IRRIGATION WATER TO SHAREHOLDER OF COMPANY. MAINTAIN AND OPERATE SYSTEM TO INSURE DELIVERY OF ALL WATER RIGHTS TO SHAREHOLDERS

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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 $1,624,167

Program Service Revenue $1,764,306

Investment Income $9,398

Other Revenue $533,012

TOTAL REVENUE $3,930,883

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,052,951

Fundraising Expenses $0

Program Expenses $1,751,514

Other Expenses $1,021,114

TOTAL EXPENSES $2,074,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,930,883	$2,086,632	+0.9%
Expenses	$2,074,065	$1,952,616	+0.1%
Net Income	$1,856,818	$134,016	+12.9%

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

Independent Members

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

$18,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN NORRIS	DIRECTOR	2.00	Director	$5,100	$0	$5,100
JOHN JUSTMAN	DIRECTOR	2.00	Director	$2,700	$0	$2,700
CHARLES W REID	DIRECTOR	2.00	Director	$2,200	$0	$2,200
TY JONES	DIRECTOR	2.00	Director	$2,100	$0	$2,100
KELLY TONOZZI	DIRECTOR	2.00	Director	$1,700	$0	$1,700
MIKE GARDNER	DIRECTOR	2.00	Director	$1,400	$0	$1,400
TONYA AZEARRAGA	DIRECTOR	2.00	Director	$1,300	$0	$1,300
MATTHEW YOUNG	DIRECTOR	2.00	Director	$1,200	$0	$1,200
ANN LEACH	DIRECTOR	2.00	Director	$1,100	$0	$1,100

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	$3,930,883	$2,074,065	$16,899,172	$1,856,818
2024	$2,086,632	$1,952,616	$15,041,570	$134,016
2023	$2,421,865	$1,795,400	$15,107,512	$626,465
2022	$1,950,565	$1,891,309	$14,093,967	$59,256
2021	$1,691,369	$1,845,782	$14,027,969	$-154,413
2020	$2,360,696	$1,607,260	$14,161,675	$753,436
2019	$2,637,091	$1,569,978	$13,392,830	$1,067,113