LOWER ARKANSAS WATER MANAGEMENT ASSOCIATION (EIN 840637532) - 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

1973

Legal Domicile

Principal Officer

WILLIAM GRASMICK

Phone

7193369696

Tax Period

2024-01-01 to 2024-12-31

LOWER ARKANSAS WATER MANAGEMENT ASSOCIATION, founded in 1973, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $593K, a strong 25% operating margin.

Mission

TO PROVIDE AUGMENTATION WATER FOR THE PRIMARY PURPOSE OF REPLACING DEPLETIONS FROM ITS MEMBERS WELL PUMPING WITHIN THE LOWER PORTION OF THE ARKANSAS RIVER BASIN IN ORDER TO COMPLY WITH COLORADO WATER LAWS AND THE ARKANSAS RIVER COMPACT

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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 $0

Program Service Revenue $1,998,235

Investment Income $29,167

Other Revenue $307,121

TOTAL REVENUE $2,334,523

Expense Breakdown

Grants Paid $0

Salaries & Benefits $193,519

Fundraising Expenses $0

Program Expenses $1,741,126

Other Expenses $1,547,607

TOTAL EXPENSES $1,741,126

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,334,523	$1,898,004	+0.2%
Expenses	$1,741,126	$1,731,392	+0.0%
Net Income	$593,397	$166,612	+2.6%

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

$120,000

Total Directors

$120,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROY CUE	SECR TREAS	30.00	Officer Director	$120,000	$0	$120,000
GREG SPITZER	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM BROYLES	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS GUEBELLE	DIRECTOR	1.00	Director	$0	$0	$0
RON PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT WILGER	VICE PRES	1.00	Officer	$0	$0	$0
WILLIAM GRASMICK	PRES	1.00	Officer	$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	$2,334,523	$1,741,126	$24,156,896	$593,397
2023	$1,898,004	$1,731,392	$24,209,802	$166,612
2022	$1,609,701	$979,426	$24,278,824	$630,275
2021	$1,711,322	$1,139,785	$24,072,938	$571,537
2020	$2,914,332	$1,591,682	$23,915,808	$1,322,650

LOWER ARKANSAS WATER MANAGEMENT ASSOCIATION