GRAND VALLEY WATER USERS ASSOCIATION (EIN 840402700) - 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

1949

Legal Domicile

Principal Officer

JOSEPH BERNAL

Phone

9702425065

Tax Period

2023-01-01 to 2023-12-31

GRAND VALLEY WATER USERS ASSOCIATION, founded in 1949, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $4.2M exceeded revenue, resulting in a 42% operating deficit.

Mission

DELIVER WATER FOR PURPOSE OF IRRIGATING FARM LAND WHICH CARRIES WATER RIGHTS APPURTENANT TO THE LAND.

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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 $2,930,391

Program Service Revenue $67,075

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,997,466

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,231,350

Fundraising Expenses $0

Other Expenses $3,013,093

TOTAL EXPENSES $4,244,443

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,997,466	$3,778,795	-0.2%
Expenses	$4,244,443	$4,089,750	+0.0%
Net Income	$-1,246,977	$-310,955	+3.0%

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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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

$13,125

Total Directors

$23,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN POTTER	VICE PRESIDE	2.00	Officer	$4,875	$0	$4,875
D KIM ALBERTSON	SECRETARY	2.00	Officer	$4,200	$0	$4,200
JOSEPH BERNAL	PRESIDENT	2.00	Officer	$4,050	$0	$4,050
DEREK BERNAL	DIRECTOR	2.00	Director	$3,900	$0	$3,900
TROY WATERS	DIRECTOR	2.00	Director	$3,600	$0	$3,600
VICTOR THOMPSON	DIRECTOR	2.00	Director	$3,450	$0	$3,450
TOM WOOD	DIRECTOR	2.00	Director	$3,300	$0	$3,300
MARTY BASINGER	DIRECTOR	2.00	Director	$3,150	$0	$3,150
JOSEPH LANDINI	DIRECTOR	2.00	Director	$2,850	$0	$2,850
MELVIN CRIDLER	DIRECTOR	2.00	Director	$2,700	$0	$2,700
JIM HUTTON	DIRECTOR	2.00	Director	$300	$0	$300

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	$2,997,466	$4,244,443	$5,679,053	$-1,246,977
2022	$3,778,795	$4,089,750	$5,182,894	$-310,955
2021	$3,687,725	$4,190,833	$5,180,218	$-503,108
2020	$1,257,942	$711,809	$3,481,284	$546,133
2019	$1,177,306	$730,959	$2,504,722	$446,347
2018	$1,166,704	$1,570,393	$2,149,782	$-403,689

GRAND VALLEY WATER USERS ASSOCIATION